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Building Premier RV Parks In High Demand Energy Markets

OVERVIEW

We are a real estate investment firm that owns, develops, operates, and manages commercial real estate in Texas, Utah, and California.

Our team brings a hands-on approach to our projects- focusing on efficiency, execution, and long-term performance. Since inception, Ascend has developed and operated hundreds of units within the extended-stay RV and multifamily asset classes through joint ventures with institutional capital and limited partner investment.

We manage every phase in-house from site selection, acquisition, to construction, lease-up, and property management. We take pride in doing things the right way for our partners and the communities we invest in.

HIGHLIGHTS

  • Deep Sector Expertise in RV Development & Operations

  • Highly Focused Market Strategy

  • Vertically Integrated Development & Operations

  • Proven, Repeatable Investment Model

  • Institutional Level Reporting & Management

View Strategy

CASE STUDY:

Black Gold RV

In 2024, we took over an RV project in Gardendale / Midland and added 38 brand-new pads with new septic, electric, roads, and landscaping, reactivated 23 existing pads, upgraded utilities and Wi-Fi, updated common areas (including pool), and put on-site management in place. We completed the redevelopment in four months. The park reopened as Black Gold RV Park, leased to 100% occupancy with a waitlist within 4 months.

CURRENT DEVELOPMENT:

Wheelhouse Reserve RV

We’re underway on our next RV park community in Greenwood, Texas, east of Midland. We purchased a 15-acre ranch and will be developing it into 140/pad RV park. The area’s energy-driven growth keeps demand high for RV parks with the amount of transient employment. Most of the RV parks nearby don’t have amenities, making this an ideal spot for a clean, well-managed park with reliable utilities, amenities, and on-site management.

LEADERSHIP

Phil Bernhisel

Principal, Co-Founder

Philip Bernhisel oversees underwriting, project management, financing, dispositions, and asset management for Ascend Equities. He focuses on capital structure, project execution, and operational performance across the firm’s portfolio.

Earlier in his career, Philip worked with Deloitte & Touche, advising major developers including Macerich on financial reporting and strategy. He later joined Barry Slatt Mortgage in San Francisco, where he helped structure and place more than $700 million in commercial real estate debt across multiple asset types.

Outside of his professional commitments, Philip enjoys traveling, playing guitar, golfing with friends and family, rock climbing, and surfing when he can. He earned a Bachelor of Science in Accounting from the University of Southern California.

Patrick Griffith

Principal, Co-Founder

Patrick Griffith leads acquisitions, underwriting, due diligence, and property management for Ascend Equities. He focuses on sourcing opportunities, evaluating risk, and implementing systems to optimize performance from acquisitions to operations.

He began his career in real estate development, working alongside resort, hospitality, and luxury home builders. In 2019, he transitioned to investment lending, collaborating with investment advisory groups and individual investors to acquire single-family homes across multiple U.S. markets. Over his career, Patrick has facilitated more than 1,400 transactions and over $300 million in investment mortgage debt.

Outside of work, Patrick enjoys time with his family, cooking, spending time outdoors, golfing, rock climbing, and building cars and Jeeps.

WHAT OUR INVESTORS ARE SAYING

I work full time and don’t have time to manage rentals myself. Investing with Ascend has been simple, and communication has been clear. I know what’s going on with the project and feel comfortable with Phil and Patrick at the helm!

Sarah ArmstrongSlatt Capital

This was my second and third private real estate deal, so I had a lot of questions. They’ve made sure this was a process I could get comfortable with. Our RV project with Ascend has gone particularly well, and now I implicitly trust their decision making and have a high degree of confidence in their ability to execute.

Brendon GunnFTG Consulting

I’ve now invested in two deals with Ascend, and I plan to do more.

Josh CampbellLions Gate

As someone who isn’t in real estate every day, I appreciate how Ascend explains things in plain language. I understand where my money is, what the plan is, and what could impact results. The communication has been consistent and easy to follow.

Christina Palmer

CONTACT:

Info@ascendequities.com