--- title: Transforming the Multifamily Sector | Ashcroft Capital --- [![logo-ashcroft-white-high](https://info.ashcroftcapital.com/hs-fs/hubfs/logo-ashcroft-white-high.png?width=2859&height=646&name=logo-ashcroft-white-high.png) ![logo-ashcroft-white-high](https://info.ashcroftcapital.com/hs-fs/hubfs/logo-ashcroft-white-high.png?width=2859&height=646&name=logo-ashcroft-white-high.png) ](https://ashcroftcapital.com/) # Download *Transforming the Multifamily Sector: The Impact of Artificial Intelligence*   [![GET THE PDF](https://no-cache.hubspot.com/cta/default/9409243/interactive-141649754281.png) ](https://info.ashcroftcapital.com/hs/cta/wi/redirect?encryptedPayload=AVxigLIoHF6AbOI16Bl8NetMTVnCPI2vtPs5PsItYOri%2FlrNOb4GjVVoyFecK3Lr99vJKzO3mf8%2BUzyiyoXE4GJ%2BmRVesVvXk0WkVJWIhSxS3I5oF2TGJG8q9wYlU2YPLpxeKjGVyAulbLVaCR0%2B1DdiJ74RtR1OaUhIfkEHlFPNSxcGaz54UtLxUzpuNfPkmQ3QFoPDUkEerxeqXkUPaUg2Hr%2B%2FCOfYnqF%2B1xEkezlPUe8EFCwSJIhi16Wosax0RTdjdBewrclI%2BwRy5E%2BFLmFOQ6gKkHMSg4DzRusI5SEOKQ2TANehRDUxoWuQPERr8DrG&webInteractiveContentId=141649754281&portalId=9409243&hsLang=en) ## Start Investment Process Ashcroft Capital offerings are limited to accredited investors. [Learn more about our investor criteria.](https://www.sec.gov/education/capitalraising/building-blocks/accredited-investor)  [![Start Investing Now](https://no-cache.hubspot.com/cta/default/9409243/e7ffc5df-f372-4c8d-95bb-035e5138992b.png)](https://cta-redirect.hubspot.com/cta/redirect/9409243/e7ffc5df-f372-4c8d-95bb-035e5138992b)   ## Ready to Learn More? ### Schedule a 1-on-1 call with a member of our investor relations team   Disclaimer: This investment will be filled on a first-come, first--fund basis and is open to accredited investors only. All investment information will be made available in the investor portal. ## What is AVAF3? The Ashcroft Value-Add Fund III focuses on capital preservation and risk mitigation while still having upside potential. [What are the investment criteria?](https://info.ashcroftcapital.com/bp-oct2023#investment-criteria) [What are the targeted fund returns and projections?](https://info.ashcroftcapital.com/bp-oct2023#targeted-funds) [What is the investment return structure?](https://info.ashcroftcapital.com/bp-oct2023#return-structure) [Why did we build a fund?](https://info.ashcroftcapital.com/bp-oct2023#build-a-fund) [FAQs](https://info.ashcroftcapital.com/avaf3_faq?hsLang=en)     ![house 1](https://info.ashcroftcapital.com/hubfs/Icons/house%201.svg) #### 6-10 Properties ###### **DIVERSE REGIONAL MARKETS** ![stopwatch 1](https://info.ashcroftcapital.com/hubfs/Icons/stopwatch%201.svg) #### 5-7 Years ###### **ANTICIPATED LIFE OF FUND** ![coins 1](https://info.ashcroftcapital.com/hubfs/Icons/coins%201.svg) #### $25,000 ###### **MINIMUM INVESTMENT** ## Investment Criteria | ![thumbnail_image002](https://info.ashcroftcapital.com/hs-fs/hubfs/thumbnail_image002.png?width=51&height=47&name=thumbnail_image002.png) | Communities located in the growth markets of the Sun Belt including Dallas-Fort Worth, Atlanta, and Orlando. | | --- | --- | | ![thumbnail_image002](https://info.ashcroftcapital.com/hs-fs/hubfs/thumbnail_image002.png?width=51&height=47&name=thumbnail_image002.png) | Class A/B properties with an excellent opportunity for value creation through improvements | | ![thumbnail_image002](https://info.ashcroftcapital.com/hs-fs/hubfs/thumbnail_image002.png?width=51&height=47&name=thumbnail_image002.png) | Under performing or distressed multifamily properties | | ![thumbnail_image002](https://info.ashcroftcapital.com/hs-fs/hubfs/thumbnail_image002.png?width=51&height=47&name=thumbnail_image002.png) | 200+ Unit assets in highly desirable submarkets | | ![thumbnail_image002](https://info.ashcroftcapital.com/hs-fs/hubfs/thumbnail_image002.png?width=51&height=47&name=thumbnail_image002.png) | $20 million to $150 million total capitalization per property |   ![retreat-pools-aerial](https://info.ashcroftcapital.com/hubfs/Property%20images/retreat-pools-aerial.png) ## Targeted Fund Returns* Cash-on-Cash Returns (Avg including sale) ### **13% to 20%** Cash on Cash Returns (Avg excluding sale) ### **6.0% to 8.0%** Cash on Cash Returns (Avg excluding sale) ### **6.0% to 8.0%** Equity Multiple (Net) ### **1.45x to 2.0x** ## Annual Cash-on-Cash Projections** | **Year 1:** ### **4.0%** | **Year 2:** ### **6.3%** | **Year 3:** ### **7.0%** | **Year 4:** ### **7.5%** | **Year 5:** ### **8.0%** | | --- | --- | --- | --- | --- | *Based on 5 year hold for Class B Limited Partner Investment. Target returns represent ranges for base case, downside, and upside scenarios. **Projected cash-on-cash returns are based on base case assumptions for the properties within the Fund Note: Projected returns are based on LP levels of Fund. ## Return Structure Investors have the opportunity to invest in Class A and/or Class B Limited Partnership Interests. #### Limited Partner (A) - Class A Class A Limited Partner’s earn a coupon of **9%** per annum of such Limited Partner’s investment in Partnership (the “Class A Coupon”). Class A Limited Partners have limited distributions upon disposition of the Property. This tier offers stronger projected cash flow and reduced risk as compared to Class B Limited Partners. #### Limited Partner (B) - Class B Class B Limited Partners earn a coupon of **7%** per annum of such Limited Partner’s investment in Partnership (the “Class B Coupon”). Upon the disposition of the Property, after payment of debt, return of Class A and Class B Limited Partner investments, payment of any unpaid Class A and Class B Coupon Amounts, and then, prorata, seventy percent (70%) to the Class B Limited Partners and thirty percent (30%) to the General Partner until such time as the Class B Limited Partners have received a cumulative amount equal to thirteen percent (13%) IRR. Then, Class B Limited Partners will receive starting at 50% and up to 65%, dependent on the total investment amount, of the remaining proceeds from disposition up. This tier has a lower coupon but provides greater participation upon disposition or capital event compared to Class A Limited Partners. If you invest more with us, you get more potential upside on your returns. See the structure in the chart below: ![AVAF3 - Class B Waterfall](https://info.ashcroftcapital.com/hs-fs/hubfs/AVAF3%20-%20Class%20B%20Waterfall.png?width=600&height=212&name=AVAF3%20-%20Class%20B%20Waterfall.png)     Understanding the ## **Benefits of Investing in a Fund** - Spreads out investor equity over multiple acquisitions - Greater exposure to investments in various markets and asset classes - Ability to invest in different individual property business plans and hold periods - Provides the opportunity to participate in upside on property price appreciation upon sale, refinances, and supplemental loans - Diversification offers the ability to reduce risks while offering the potential for higher returns - Potential tax benefits for investors such as pass-through depreciation opportunities and 1031 exchanges ### Want to learn more? Schedule a call with our team at your convenience.   [![Talk with Us](https://no-cache.hubspot.com/cta/default/9409243/c6a3eeba-4b5a-489f-95f8-58badb32ae4b.png)](https://cta-redirect.hubspot.com/cta/redirect/9409243/c6a3eeba-4b5a-489f-95f8-58badb32ae4b)   © 2023 ASHCROFT CAPITAL™      [PRIVACY ](https://ashcroftcapital.com/privacy-policy/)[POLICY](https://ashcroftcapital.com/privacy-policy/) ```json { "@context" : "https://schema.org", "@type" : "VideoObject", "caption" : { "@type" : "MediaObject", "contentUrl" : "https://info.ashcroftcapital.com/media-transcripts/93938347824/en.vtt", "inLanguage" : "en", "name" : "en Captions" }, "contentUrl" : "https://9409243.fs1.hubspotusercontent-na1.net/hubfs/9409243/AVAF3_Overview.mp4", "dateModified" : "2025-09-25T21:24:58.436Z", "description" : "In this video Ashcroft Capital’s Director of Investor Education, Travis Watts breaks down what AVAF3 is and the key differences between this fund and previous funds. 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