Ashland Greene closes Value-Add Fund VI property deal
Ashland Greene, a Dallas-based multifamily real estate investment firm, has confirmed the closing of its Value-Add Fund VI transaction, consisting of two properties in Texas with a combined investment value of approximately $92 million, including projected capital expenditures.
This increases the fund’s current portfolio to more than 5,300 units across 19 properties. Ashland Greene has sold six properties since December 2021, delivering an actualized average annual return of 28 percent.
The investment firm secured government-backed liquidity with fixed-rate financing for both properties.
Ashland Greene’s latest closing comprises two properties, Village on the Green in Dallas (rebranded to Cleo Luxury Apartments) and Hunter’s Cove in Grand Prairie (rebranded to Ronan Apartment Homes), adding 442 units to bring the firm’s total to 6,700+ transacted units. Planned renovations include upgrading interiors, exteriors and property amenities. Village on the Gree