Last night's conference call announcing the newest acquisition in the Ashcroft Value-Add Fund II, The Aspect, was full of important information for our investors. We also received several great questions from our audience. I'd like to share one that I think you will find particularly interesting about the new property.
Q.: How will owning a property nearby help with The Aspect?
Scott: "The property that we currently own nearby, Halston Four Corners, is 270 units, was built in 2009, and we bought it in October of 2021. It's about 3 miles west of The Aspect but draws an extremely similar resident base. The main advantage of owning a similar property nearby is knowledge. At Halston Four Corners we have already learned how best to market our unit renovations, who to target, and what renters in this area value. Additionally, there are certain economies of scale that we are exploring such as combining service contracts like landscaping and pool maintenance across the two properties, which, therefore, will decrease the costs. Finally, the fact that we're having tremendous success on a virtually identical business plan at Halston Four Corners, the risk is mitigated for us in executing the business plan at The Aspect."
If you want to know more about this property, I encourage you to listen to this recap of the conference call. If you have any further questions, do not hesitate to email me or set up a call at (513) 638-9799.
This communication does not constitute an offer or solicitation to sell securities. Offerings are made pursuant to SEC rule 506(c) and only available to Accredited Investors. The limited partnership interests will not be registered with the Securities and Exchange Commission or any other federal or state regulator. Investments in private placements are highly speculative and involve a high degree of risk. Prospective investors should carefully consider the risks in the Partnerships private placement memorandum, limited partnership agreement and subscription agreement (together the "Offering Documents"), when evaluating whether to make an investment. Prospective investors should also consult with their own legal, tax, and financial advisors about an investment in the limited partnership interests. Investors could lose all or part of their investments. Investments may only be made by accredited investors and in accordance with the subscription procedures of the Partnership following a prospective investor's review of the Offering Documents. The Partnership expressly reserves the right to reject any indication of interest or subscription agreement from a prospective investor.
Ashcroft Capital, 461 5th Ave, 16th Floor, New York, New York 10017, United States
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