--- title: Why We Acquired Ascent on Spence - A Strategic Step Forward for Rincon Multifamily Fund II description: Discover why Rincon Partners acquired Ascent on Spence, the first addition to Rincon Multifamily Fund II. Learn how this strategic investment in North Tempe, Arizona, aligns with our vision for long-term growth, market fundamentals, and enhanced resident experiences. Read more about our thoughtful approach to real estate investment image: https://blog.rinconpartners.com/hubfs/1200x630%20Linkedin@2x%20(8).png --- [![Logo](https://blog.rinconpartners.com/hs-fs/hubfs/Rincon_assets/images/Logo.png?width=161&height=78&name=Logo.png "Logo")](https://prodrc.wpengine.com/) [![Logo-2](https://blog.rinconpartners.com/hs-fs/hubfs/Rincon_assets/images/Logo-2.png?width=161&height=78&name=Logo-2.png "Logo-2")](https://prodrc.wpengine.com/) - [Home](https://rinconpartners.com) - [About Rincon](https://rinconpartners.com/about-rincon/) - [Investment Strategies](https://rinconpartners.com/investment-strategies/) - [Portfolio](https://rinconpartners.com/portfolio/) - [News & Insights](https://blog.rinconpartners.com) - [Contact](https://rinconpartners.com/contact/) - [Home](https://rinconpartners.com) - [About Rincon](https://rinconpartners.com/about-rincon/) - [Investment Strategies](https://rinconpartners.com/investment-strategies/) - [Portfolio](https://rinconpartners.com/portfolio/) - [News & Insights](https://blog.rinconpartners.com) - [Contact](https://rinconpartners.com/contact/)    0  comments  28, February ## Why We Acquired Ascent on Spence # *A Strategic Step Forward for Rincon Multifamily Fund II* At Rincon Partners, we focus on acquiring properties in locations with strong growth potential, and our latest acquisition, Ascent on Spence, aligns with this strategic vision. Located in the heart of North Tempe, Arizona, this multifamily property is the first addition to our newly launched Rincon Multifamily Fund II. This acquisition reflects our approach to thoughtfully building a portfolio of high-quality multifamily assets in markets demonstrating long-term growth indicators. Here’s why we consider Ascent on Spence a strategic choice. ## Why North Tempe? When evaluating opportunities, we focus on markets where economic and demographic trends are aligned with sustained growth—and Tempe checks all the boxes. For starters, Ascent on Spence is ideally located near Arizona State University (ASU), a major driver of economic activity in the area. ![46637 blog - Rincon Press Release graphic 1](https://blog.rinconpartners.com/hs-fs/hubfs/46637%20blog%20-%20Rincon%20Press%20Release%20graphic%201.png?width=4708&height=1441&name=46637%20blog%20-%20Rincon%20Press%20Release%20graphic%201.png) The property is also just a short distance from some of the region’s top employers, including tech, healthcare, and finance companies. This robust employment environment attracts a diverse group of professionals, making the demand for high-quality housing in the area both stable and growing. ![46637 blog - Rincon Press Release graphic 2 (2)](https://blog.rinconpartners.com/hs-fs/hubfs/46637%20blog%20-%20Rincon%20Press%20Release%20graphic%202%20(2).png?width=4708&height=2599&name=46637%20blog%20-%20Rincon%20Press%20Release%20graphic%202%20(2).png) ## Enhancing the Resident Experience At Rincon, we are dedicated to enhancing the living experience at our properties. At Ascent on Spence, we are implementing targeted improvements aimed at increasing tenant satisfaction and supporting long-term tenant retention. These enhancements are designed to create a positive living environment, which we believe will contribute to the property’s long-term success and stability. ## Strategic Growth for Rincon Multifamily Fund II The acquisition of Ascent on Spence is a significant milestone for RinconMultifamily Fund II. This fund is strategically designed to target properties in markets demonstrating strong fundamentals today and the potential for continued growth. ![46637 blog - Rincon Press Release graphic 3](https://blog.rinconpartners.com/hs-fs/hubfs/46637%20blog%20-%20Rincon%20Press%20Release%20graphic%203.png?width=4708&height=1649&name=46637%20blog%20-%20Rincon%20Press%20Release%20graphic%203.png) ## A Thoughtful Approach to Real Estate Investment At Rincon Partners, our investment philosophy centers around strategic market selection and disciplined growth. We aim to provide access to thoughtfully chosen investments, backed by comprehensive market analysis and industry expertise.  Ascent on Spence represents an example of our approach to identifying and acting on opportunities in competitive markets. We are pleased to introduce it as the first property in Rincon Multifamily Fund II and look forward to sharing our continued progress with our investors. If you’d like to learn more about our strategy, this fund, or future opportunities, please visit[www.rinconpartners.com](https://www.rinconpartners.com/) or reach out to start a conversation. You can also access the Ascent on Spence press release here.  ## Partnering with FLX Networks Additionally, Rincon Multifamily Fund II, LLC is collaborating with FLX Networks, a trusted provider of distribution services in the financial services industry. As a Promoter under the U.S. Investment Adviser Act of 1940, FLX Networks utilizes its affiliation with a FINRA-registered broker-dealer to facilitate investor access to our opportunities. This strategic partnership is designed to enhance investor engagement while maintaining industry standards. For more details on investing through FLX Networks, please contact John Feeley at tel: 908.944.7917 or via email: [John.Feeley@flxnetworks.com](mailto:John.Feeley@flxnetworks.com)  #### Tags: [Acquisitions](https://blog.rinconpartners.com/tag/acquisitions) [Apartment Community](https://blog.rinconpartners.com/tag/apartment-community) [Investment](https://blog.rinconpartners.com/tag/investment) [Multifamily](https://blog.rinconpartners.com/tag/multifamily) [Opportunity Zones](https://blog.rinconpartners.com/tag/opportunity-zones) [Press Release](https://blog.rinconpartners.com/tag/press-release) [Property Sales](https://blog.rinconpartners.com/tag/property-sales) [Purchased](https://blog.rinconpartners.com/tag/purchased) [Self Storage](https://blog.rinconpartners.com/tag/self-storage) #### Share: - - - - PREV POST [A 10-Part Series: Questions to](https://blog.rinconpartners.com/a-10-part-series-questions-to-ask-when-assessing-a-multifamily-fund-assessing-an-investment-managers-track-record-why-it-matters) NEXT POST [A 10-Part Series: Questions to](https://blog.rinconpartners.com/a-10-part-series-questions-to-ask-when-assessing-a-multifamily-fund-what-are-the-expected-returns-and-how-are-they-calculated) [Brian McGlynn](https://blog.rinconpartners.com/author/brian-mcglynn) ![Search](https://blog.rinconpartners.com/hubfs/Rincon_assets/images/search-icon.svg "Click To Search") #### Category [Acquisitions](https://blog.rinconpartners.com/tag/acquisitions) [Apartment Community](https://blog.rinconpartners.com/tag/apartment-community) [Investment](https://blog.rinconpartners.com/tag/investment) [Multifamily](https://blog.rinconpartners.com/tag/multifamily) [Opportunity Zones](https://blog.rinconpartners.com/tag/opportunity-zones) [Press Release](https://blog.rinconpartners.com/tag/press-release) [Property Sales](https://blog.rinconpartners.com/tag/property-sales) [Purchased](https://blog.rinconpartners.com/tag/purchased) [Self Storage](https://blog.rinconpartners.com/tag/self-storage) #### Recent Post #### Tracking Tomorrow’s July 24, 2025 #### Why Secondary Market July 17, 2025 #### How is Performance R June 24, 2025 #### Timing Is Everything May 30, 2025 #### Newsletter - [Home](https://rinconpartners.com) - [About Rincon](https://rinconpartners.com/about-rincon/) - [Investment Strategies](https://rinconpartners.com/investment-strategies/) - [Portfolio](https://rinconpartners.com/portfolio/) - [News & Insights](https://blog.rinconpartners.com) - [Contact](https://rinconpartners.com/contact/) - 480.378.3070 - EMAIL US - PRIVACY POLICY 2026 Rincon Partners. 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