Dallas’ Ashland Greene Capital Launches New Multifamily Real Estate Investment Fund

Ashland Greene is a vertically integrated real estate firm that has transacted over $1 billion in assets and more than 6,100 units in the Dallas-Fort Worth area.

Dallas-based multifamily real estate investment firm Ashland Greene Capital has announced Ashland Greene Value-Add Fund VI, a multifamily real estate investment opportunity that’s composed of two assets in Grand Prairie and Dallas.

According to the company, plans include capital investments of roughly $11 million. Ashland Greene is a vertically integrated real estate firm that has transacted over $1 billion in assets and more than 6,100 units in the Dallas-Fort Worth area.

“DFW is a top-ranked market for real estate investing in the country. We’re excited to bring current and potential investors another opportunity to invest in multifamily real estate here. Fund VI delivers two off-market properties at significant discounts to previous market value,” Shakti C’Ganti, founder and CEO of Ashland Greene, said in a statement.

Ashland Greene Capital said that Value Add Fund VI is an exclusive 506(c) Equity Offering investment opportunity.

“We see the potential to deliver up to $34 million in value creation and believe that it’s prime time to invest in this sector as we see it as a once-in-a-decade opportunity for wealth creation. Multifamily real estate offers tremendous advantages, including the chance to diversify your portfolio, hedge against inflation, and realize equity appreciation, distributions, and tax benefits through bonus depreciation,” C’Ganti said.

Multifamily is a sought-after investment

Citing CBRE’s 2023 Investor Intentions Survey, Ashland said multifamily and industrial are the most sought-after investment sectors, with 38% and 28% of investors surveyed indicating these sectors as their most preferred, respectively. DFW remains a Top 10 market.

Value-Add Fund VI’s first property is between I-20 and I-30, just off Highway 360, and has convenient access to Dallas and Fort Worth urban centers and Arlington, Irving, and Northeast Fort Worth, the firm said. Capital improvements will include renovating 156 interiors with the Ashland Greene premiere platinum renovation finish, plus transforming the clubhouse into a lifestyle community hub to drive tenant retention.

The second property sits within the Dallas North Tollway/I-635/Lower Tollway corridor, the company said.

Almost $6 million in capital improvements is budgeted for upscale interior renovations to condo spec finish for 91 units, Ashland Green said.

Exterior property and amenity updates include the transformation of two outdoor living spaces. AG Living, the property management arm for Ashland Greene, will oversee tenant retention, satisfaction, and daily operations at both properties, as it does with all properties across the portfolio.

“Our vertical integration model works efficiently. It’s the most effective way for us to maintain tight controls over resource deployment, construction, asset, and property management, and ultimately deliver the highest returns possible to our investors,” Tyler McWilliams, Ashland Greene’s COO, said in a statement.

Ashland Greene Construction oversees and executes all property renovations, using 100% locally sourced materials and subcontractors.

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