In case you missed the Zoom call detailing the 2nd and 3rd properties identified for the Ashcroft Value-Add Fund III, Gateway Lakes and Cocoplum—or if you would simply like to listen again—the recording is now available. We enjoyed connecting with our investors to answer questions that matter most to them. The call provides an overview of Gateway Lakes and Cocoplum, our strategy for execution, and how you can get started. A full transcription will be sent out by email as soon as it is available.
As a refresher, Gateway Lakes is a 358-unit property that provides a direct link to Downtown Sarasota, with easy access to top nation brands. Within 3 miles of the property, the average household income is $111K+ with an average home value of $528k. Sarasota County school district is A-rated and is ranked the second-best school district in all of Florida.
Cocoplum is a 360-unit property in Broward County, an infill market between Boca Raton and Fort Lauderdale. Broward County is Florida's second-most populous county and has seen 13.2% population growth from 2010-2022. Apartment rents have steadily inclined at a 9.8% annual as of the third quarter of 2022 and have posted an average yearly gain of 8.9% over the last three years.
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.
Ashcroft Capital recently announced the pending acquisition of a 718-unit multifamily portfolio spanning two of Florida's strongest markets – Sarasota Springs and Coconut Creek. With our 2nd and 3rd properties identified for the Ashcroft Value-Add Fund III (AVAF3), 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 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.
Invest now to take advantage of this value-add offer while it is still available.
If you have questions about Gateway Lakes or 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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