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About Halston Waterleigh

2021 built trophy property with $115k average resident income and fixed rate interest loan.

What is the business plan?

What are the targeted returns and projections?

What is the investment return structure?

 

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Ashcroft Capital offerings are limited to accredited investors.

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Untitled design (67)

354 Units

BOUGHT AT A DISCOUNT
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5 Years

PROJECTED HOLD PERIOD
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$25,000

MINIMUM INVESTMENT

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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.

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Targeted Returns*

13.1% to 24.9%

Cash-on-Cash Returns
(Avg including sale)

1.65x to 2.24x

Equity Multiple (Net)

*Based on 5 year hold for Class B Limited Partner Investment. Target returns represent ranges for base case, downside, and upside scenarios.

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.

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 Partner’s 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 of this Limited Time Offer in the chart below:

Braxton Waterleigh Promote Structure

*Please refer to Braxton Additional Incentive Tier Side Letter August 2024, for specific details on this limited time offer. The table above are sample returns for discussion purposes only and is meant to illustrate potential upside benefits for investing more.

 

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