We reviewed over 150 potential deals for the AVAF3 and our award of Gateway Lakes and Cocoplum is the deal we have been waiting for. This deal involves a 718-unit multifamily portfolio spanning two of Florida's strongest markets – Sarasota Springs and Coconut Creek. Given our relationship with the seller, we are able to secure this deal at a discount and give you the opportunity to invest.
Join us for a Zoom call to learn more about both properties and how they will fit well into our AVAF3 portfolio.
A 358-unit property that provides a direct link to Downtown Sarasota with access to top national brands with more than 2 million square feet of retail a short drive away. Well-maintained amenities allow this asset to compete with newer properties while providing room to implement our value-add business plan.
Cocoplum:
A 360-unit property in Broward County, an infill market between Boca Raton and Fort Lauderdale. The property was built in 1986/87 making it an ideal location to modernize the amenities and renovate the units to a high-end scope.
Gateway Lakes Highlights:
#1 Best Places to Live (U.S. News)
#1 Beach in America (Siesta Key)
A+ Niche Grade School System
3.8% Job Growth (November 2022)
$97K Average Household Income
95% Average Occupancy (4Q 2022)
$528K Average Home Value
17.4% Population Growth from 2010-2022
Cocoplum Highlights:
#1 Destination for Relocating
#4 for Net Tech Employment Gains
10.1% Rent Growth (4Q 2022)
95% Average Occupancy (4Q 2022)
4.2% Job Growth (November 2022)
$491K Average Home Value
$102K Average Household Income
13.2% Population Growth from 2010-2022
The properties will be financed using fixed-rate agency loans to mitigate market uncertainty, remove the exposure to interest rate volatility, and protect cash flow.
AVAF3 8% Bonus in May
With the award of Gateway Lakes and Cocoplum now is a great time to invest in the AVAF3. We are offering an 8% bonus to investors who complete their Ashcroft Value-Add Fund III (AVAF3) investment in May. This 8% bonus is only available to the first $10,000,000 Class B shares raised in May. This limited-time bonus will be funded by the General Partners, so it will not reduce the value of any LP investments before or after.
If you have questions about investing with us, please schedule a call below or reply to this email.
Endnotes: 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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