Ashcroft Capital
Value-Add Fund
Welcome to the Ashcroft Value-Add fund. In an effort to continue our focus on capital preservation and further mitigate risk while still having upside potential, we created this fund. We have provided the information on this page to help you learn more about it and once you’re ready to invest, please click the button below to get started.
I'm Ready to Invest-
5-7 PropertiesTarget Properties
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5-7 YearsAnticipated Life of Fund
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$25,000Minimum Investment
Investment Criteria
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Communities located in Dallas-Fort Worth and Southeastern growth markets (specifically Atlanta, Charlotte, Jacksonville, Orlando, Raleigh/Durham, and Tampa)
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Class A/B properties with excellent opportunity for value creation through improvements
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Underperforming or distressed multifamily properties
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200+ unit assets in highly desirable submarkets
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$20 million to $100 million total capitalization per property
Targeted Fund Returns*
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Cash on Cash Returns
(Avg including sale)
17.0% to 22.0% -
Cash on Cash Returns
(Avg excluding sale)
7.5% to 9% -
Levered IRR (Net)
13% to 18% -
Equity Multiple (Net)
1.7x to 2.0x
Annual Cash on Cash Projections**
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Year 1: 5.60%
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Year 2: 8.00%
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Year 3: 9.00%
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Year 4: 9.50%
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Year 5: 10.00%
*Based on 5 year hold for Class B Limited Partner Investment. Target returns represent ranges for base case, downside, and upside scenarios.
**Projected cash on cash returns are based on base case assumptions for the properties within the Fund Note: Projected returns are based on LP levels of Fund
Two-Tiered Return Structure:
Investors have the opportunity to invest in Class A and/or Class B Limited Partnership Interests.
Limited Partner (A) – Class A:
Class A Limited Partner’s earn a coupon of 10% per annum of such Limited Partner’s investment in Partnership (the “Class A Coupon”). Class A Limited Partners have limited distributions upon disposition of the Property. This tier offers stronger projected cashflow and reduced risk as compared to Class B Limited Partners.
Limited Partner (B) – Class B:
Class B Limited Partners earn a coupon of 7% per annum of such Limited Partner’s investment in Partnership (the “Class B Coupon”). Upon the disposition of the Property, after payment of debt, return of Class A and Class B Limited Partner investments, payment of any unpaid Class A and Class B Coupon Amounts, and then, prorata, seventy percent (70%) to the Class B Limited Partners and thirty percent (30%) to the General Partner until such time as the Class B Limited Partners have received a cumulative amount equal to thirteen percent (13%) IRR. Then, Class B Limited Partners will receive 50% of the remaining proceeds from disposition. This tier has a lower coupon but provides greater participation upon disposition or capital event compared to Class A Limited Partners.
Understanding the
Benefits of Investing in a Fund
- Spreads out investor equity over multiple acquisitions
- Greater exposure to investments in various markets and asset classes
- Ability to invest in different individual property business plans and hold periods
- Provides the opportunity to participate in upside on property price appreciation upon sale, refinances, and supplemental loans
- Diversification offers the ability to reduce risks while offering the potential for higher returns
- Potential tax benefits for investors such as pass-through depreciation opportunities and 1031 exchanges
Ready to Get Started?
Simply login to our Investor Portal and submit your commitment.
Is this your first time investing with us? Start here.
Current Investors | Login to our Investor Portal
New Investors | Signup to our Investor Portal
After that, we’ll follow-up with you via email on how to verify your accreditation status, e-sign your documents, and fund so you can finalize your commitment.
Disclaimer: This investment will be filled on a first-come, first-fund basis and is open to accredited investors only. All investment information will be made available in the investor portal.
