Russell Gimelstob
Founder and Chief Executive Officer

Prior to founding Ascendant Capital Partners, Russell Gimelstob was Head of Acquisitions, Partner, Managing Director and Member of the Investment Committee of Dune Real Estate Partners, a manager of real estate private equity funds. Russell sits on the board of Watermark Lodging Trust.

Alex Halpern
Co-Founder, Co-President, and Chief Investment Officer

Alex Halpern is responsible for the oversight of the Firm’s investment activities, as well as the day-to-day management of the Firm’s hospitality investments. Alex sits on the boards of Watermark Lodging Trust and Sentral.

Eric Calder
Partner, Co-President, and Chief Operating Officer

Prior to joining Ascendant Capital Partners, Eric Calder was the Co-Chief Investment Officer of Dune Real Estate Partners, a New York City-based real estate investment firm. At Dune, he was a member of the firm’s Investment Committee and led over $6 billion in transactions across the residential, retail, industrial, office and hospitality sectors.

Ascendant has put together a world-class team of diverse individuals, each with an impressive background and knowledge base. Through close collaboration, we are able to continue to expand our services into new markets and locations across the globe.

Alex Halpern
Co-Founder, Co-President, and Chief Investment Officer

Alex Halpern, Co-Founder, Co-President, and Chief Investment Officer, is responsible for the oversight of the Firm’s investment activities, as well as the management of the Firm’s hospitality investments. Mr. Halpern is an active member of the Watermark Lodging Trust Board as well as that of Sentral, two of the Firm’s first investment operating platforms.

Prior to co-founding Ascendant Capital Partners, Alex was a Senior Vice President, Participating Member, and Capital Markets Lead at Highgate Capital Investment and its affiliate Highgate Hotels, the largest investor-operator of hospitality assets within North American gateway markets.

Alex joined Highgate in 2009 as the first investment professional in New York City, and during his 10-year tenure, executed in excess of $9 billion worth of hospitality, office and retail investments across key North American and Western European Geographies.

While at Highgate, Alex was involved in more than $400 million of ground-up and adaptive re-use projects, including a mixed-use ground-up development at 140 West 42nd Street in New York’s Time Square, the adaptive re-use of the Knickerbocker Hotel in New York City, and the ~$125 million redevelopment of the ‘Alohilani Waikiki Beach.

Prior to joining Highgate, Alex was a Senior Analyst at Merrill Lynch in its real estate investment banking division from 2007-2009.

Alex earned a B.B.A. from the University of Michigan’s Ross School of Business, graduating with high distinction.