Hi Fx,

We are excited to announce the successful closing of the Ashcroft Value-Add Fund II (“AVAF2”). AVAF2 raised $116,000,000 in equity and has acquired a portfolio of more than 2,400 units across three states and metros and seven assets. We look forward to a successful partnership with our AVAF2 partners.

With the close of AVAF2, we will be launching AVAF3 this year. Focused on capitalizing on our strong pipeline of institutional-quality, value-add multifamily assets, AVAF3 is targeting six to ten value-add properties focused on the strong-performing sunbelt markets.

By joining our waitlist, you will be the first to know when we launch the offering.

We are grateful for our relationship and look forward to partnering with you on AVAF3.

Thank you,

Joe and the Ashcroft Team

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.