Updated Sep 25, 2026
Ascent Developer Solutions Signs Lease For 22,000 Square Feet At Encino Terrace With Douglas Emmett
15821 Ventura Boulevard
Building Size
22,000 SF
Asset Type
Office
Closing
Sep 23, 2026
About this deal
AI
The property involved in this transaction is an office space located at 15821 Ventura Boulevard in Encino, CA. The asset covers a total area of 22,000 square feet. The lease agreement allows Ascent Developer Solutions to expand its operations within this market, building upon its presence in Los Angeles.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 15821 Ventura Boulevard
- Market: Encino, CA
- Square Footage: 22,000
- Landlord: Jordan L. Kaplan - Douglas Emmett
- Tenant: Robert Wasmund - Ascent Developer Solutions
- Year of Foundation: 2024
- Loans Originated: Over $3.7 billion
- Employee Count: Over 150
Key individuals in this leasing transaction include Jordan L. Kaplan representing Douglas Emmett, the landlord, and Robert Wasmund acting on behalf of Ascent Developer Solutions, the tenant. Ascent Developer Solutions is a private real estate lender that has received backing from Elliott Investment Management.
On the Map
Office
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Players
Boulevard Office Market Snapshot
Boundary boundary · Office · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93