We anticipate closing on the second, Cocoplum, near the end of August.
As a reminder, here are some reasons we've chosen to invest in this 718-unit multifamily portfolio spanning two of Florida's strongest markets—Sarasota Springs and Coconut Creek.
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
Given the strong demographics in these markets, bringing all units up to a luxury scope will allow us to compete with surrounding properties, capture high-income residents, and provide you with higher returns.
In the video below, Chief Investment Officer Scott Lebenhart provides more details on our Value-Add Business Plans for these properties.
Today is your last opportunity to take advantage of our 6% bonus on AVAF3 investments. You must complete your investment before the end of today to earn your 6% bonus.
With your investment in the AVAF3, not only will you earn an additional 6% bonus, but you also have the potential to receive a higher return on your investments with our Ashcroft Investment Incentive.
As a reminder, the 6% bonus is available only to Class B shareholders and will be funded by the General Partners, so it will not reduce the value of any LP investments before or after.*
*Further detail is available in the Side Letter within your investor portal.
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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