Our Story

A founder-led firm built on fundamentals and relationships.

2020

MAC was Founded

2023

First Project Groundbreaking
(633 S Lasalle
South Loop, Chicago)

2024

Second Project Groundbreaking
(626 S Wabash
South Loop, Chicago)

2025

Third Project Groundbreaking
(1221 W Washington
Fulton Market, Chicago)

2026

MAC Established Value-Add Multifamily & Co-GP Platforms

Now

$500M+ Pipeline

2020

MAC was founded

2023

First Project
Groundbreaking
South Loop, Chicago

2024

Second Project Groundbreaking
South Loop, Chicago

2025

Third Project
Groundbreaking
Fulton Market, Chicago

2026

MAC Established Value-Add Multifamily and Co-GP Platforms

Now

$500M+ Pipeline

In 2020, Nick Melrose founded Melrose Ascension Capital (MAC). Since its inception, MAC has delivered more than $400 million in total development value and established a value-add multifamily and co-GP investment platform with nationwide reach. Through strategic partnerships with global capital providers, the firm has expanded its footprint across multiple markets and established a scalable platform for continued growth.

400,000,000

Assets Under Management

1,300

Multifamily units in Portfolio

1,000,000

SF of institutional Ownership

Contact us

750 N State, Floor 7, Suite 149
Chicago, IL 60654
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