Acendion Capital & Development 1

The Fischer Group—parent company of home builder Fischer Homes, No. 32 on the 2024 Builder 100—has created Acendion Capital & Development, a development and investment company focused on creating multifamily and mixed-used communities. The company will collaborate with individual investors to “create high-quality developments in high-demand neighborhoods.”
David Spaulding, a construction industry veteran with previous experience at Turner Construction and Lithko Contracting, will serve as the president of Acendion. Spaulding tells BUILDER that the decision to launch Acendion Capital & Development was based on a recognition of the need for housing beyond traditional single-family homes.
“Looking at the market and the need for all kinds of different homes, the timing was right—it felt right—and there were a couple of opportunities that we’ve got in the pipeline as [Fischer Homes chairman Greg Fischer, Fischer Homes CEO Tim McMahon, and I] were talking it through,” Spaulding says.
Acendion Capital & Development has three communities with more than 1,000 apartments in development in the next year in the greater Cincinnati metro market. Spaulding says the product mix for these projects will be a blend of suburban, garden-style units and urban infill.
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