Braxton Waterleigh
Braxton Waterleigh is now available for accredited investors.
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Start the Process of Investing Now
Ashcroft Capital offerings are limited to accredited investors.
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5 Years
PROJECTED HOLD PERIOD
$25,000
MINIMUM INVESTMENT
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Schedule a call with our team at your convenience
Business Plan
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Mark-to-Market Premium: The current owner focused on occupancy, keeping initial lease rents low. As properties stabilize and market rents rise, Ashcroft can capture the mark-to-market premium as leases renew. |
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Unit Interior Enhancements: Ashcroft plans to upgrade units for a higher-end finish. |
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Exterior and Common Area Improvements: Ashcroft will improve amenities based on resident usability and demand. |
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Operational Improvements and Repositioning: As a fully vertically integrated firm, Ashcroft will leverage its in-house property management group, Birchstone Residential, to enhance marketing, resident retention, and best-in-class service for the residents. |
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Tech Packages: Ashcroft plans to add $25/month tech packages to all units to boost residential experience and NOI. |
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Organic Rent Growth: Ashcroft projects annual rent growth of 3%. |
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Reduction of Concessions: Current T3 concessions are 2.2%. Ashcroft expects them to decrease to 1.5% in YR 1, 0.5% in YR 2, and 0.25% thereafter as new supply is absorbed. |
Two-Tiered Return Structure
Investors have the opportunity to invest in Class A and/or Class B Limited Partnership Interests, with a minimum investment amount of $25,000.
Limited Partner (A) - Class A
Class A Limited Partners earn a coupon of 9% per annum of such Limited Partner’s investment in the 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 the 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, pro rata, 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 8. Then, Class B Limited Partners will receive 50% of the remaining proceeds from disposition. This tier has a lower coupon but provides greater participation upon disposition or capital event compared 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:
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You must be an accredited investor to start investing with Ashcroft Capital.
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461 5th Ave
16th Floor
New York, NY 10017
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