Ashcroft Capital has raised approximately $22 million for its latest fund, Ashcroft Value-Add Fund II (AVAF 2), according to a recent Form D filing. The fund sponsor is seeking to raise $180 million for investments in multifamily properties located in high-growth Sun Belt markets.
It’s anticipated the fund will acquire six to 10 properties that present a value-add opportunity. Target markets include Dallas-Fort Worth, Atlanta, Orlando, Tampa, Jacksonville, Raleigh/Durham, Charlotte and Phoenix.
The minimum investment is $25,000, and the fund will have a life of five to seven years.
Founded in 2015, Ashcroft Capital is a vertically integrated multifamily investment firm that has acquired 46 communities c
