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Ashland Greene AT MCKINNEY: Westcreek Ranch Apartments
DFW Multifamily equity growth opportunity

Discover Ashland Greene at MCKINNEY: Westcreek ranch Apartments
Dive Deeper into the Exclusive Deal for Accredited Investors

 

Enter the Deal Room to explore the Ashland Greene investment opportunity at Westcreek Ranch, a prime multifamily equity growth venture exclusively for accredited investors. Discover a hidden gem: an off-market property set in the dynamic Dallas-Fort Worth Metroplex, ripe for strategic value-add enhancements.

Key Highlights:

  • Business Plan: Value-Add
  • Location: McKinney
  • School District: “A” rating (niche.com)
  • Total Units: 240
  • Median Household Income: $78,007
  • Hold Period: 5 Years

INVEST WITH US

INVESTOR RETURN SUMMARY*

*Actual returns may vary and there is no guarantee you will make a return on your investment

CLASS B & C

PREFERRED RETURN | PARTNERSHIP STRUCTURE

* A Preferred Return is NOT a guaranteed quarterly coupon, but a simple return that is accrued annually and is offered to the investors before the sponsor participates in any upside. Upon a capital event, Sponsor is not compensated until the preferred return is achieved and the full original capital contribution has been repaid to the investor.

REASONS YOU WILL LIKE THIS DEAL

  1. Off-Market – Only Buyer with Opportunity to Purchase: Ashland Greene secured the asset directly with the Seller off-market.
  2. Low Basis – Per Unit Cost Well-Below Comps: The Rustic of McKinney, a nearby comparable marketed asset, recently sold for 15% ABOVE our contracted price.
  3. Strong Location – Tremendous Area Growth: McKinney has seen a population growth of 325% in the last 20 years and an increase of 8.72% since 2020. We believe growth will remain steady with the addition of new entertainment venues, residential areas, hotels, offices, and other planned developments in the area. Easy Accessibility to Employment Centers: Located off Highway 75 near the intersection of Highway 380, this property is minutes from major employment centers and new developments, including Craig Ranch, Raytheon HQ, and PGA Headquarters. Highly Ranked Schools: Located within McKinney ISD, which has an “A” niche.com rating.
  4. Value-Add – ~$23M of Potential for Value Creation: Budgeted ~$6.2M to renovate 226-unit interiors to Ashland Greene Diamond. The Value Add plan also seeks to add other income drivers, update exterior and property amenities, create design/branding cohesion, and cure deferred maintenance. Operationally, we will implement AG Living management to drive occupancy and reduce loss-to-lease; the estimated total value creation is ~$23M.

INVEST WITH US

VERTICALLY INTEGRATED SPONSOR

Experienced In-House Property Management and Construction Teams

AG Living’s proven track record of fixing and repositioning dated assets is built on proactive management of every property, protecting the value of each asset, and ensuring a community culture aligned with our core values.

Ashland Greene Construction Management controls the delivery of the value-add component of the investment strategy. This cohesive group of local tradespeople, using 100% local assets, keeps Ashland Greene Construction Management projects running efficiently, on budget, and on time.

ASHLAND GREENE AT MCKINNEY: WESTCREEK RANCH APARTMENTS

ASHLAND GREENE TRACK RECORD

Founded in 2017, Ashland Greene is a proven, vertically integrated real estate investment firm based in Dallas-Ft. Worth.

FREQUENTLY ASKED QUESTIONS

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A 506(c) offering is a securities offering that is only available to accredited investors and is exempt from the SEC’s registration requirements

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An accredited investor is one who earned $200,000+ for at least the past 2 years ($300,000+ if investing jointly) OR has a net worth of $1,000,000+ outside of their primary residence

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$100,000 for Class A LP Preferred Equity, $250,000 for Class B and $50,000 for Class C

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Class A is provided for investors who prefer immediate cash-on-cash on their investment. They will not participate in the depreciation or any back-end equity. The minimum investment for this class is $100,000 and a maximum investment of $200,000.

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Class A is for investors who prefer immediate day 1 cash-on-cash, yield play. Class A will receive a mandatory 10% quarterly pay, without any depreciation or back-end equity. For investors who do not prefer immediate cash-on-cash day 1 and want to participate in the depreciation and back-end equity, Class B & C would be the ideal investor class.

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We underwrite our deals on a 5-year hold

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Yes, investments are accepted via 401k/IRA funds for all classes: A, B, & C

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Ashland Greene is averaging an average annualized return of ~28% on exited deals where the average hold period is 2.8 years

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Distributions are processed from excess cash flows on a quarterly schedule via ACH only (no paper checks). For Class B & C investors, this opportunity is an equity growth play, we are projecting zero cash flow in the first two years of the hold.

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Ashland Greene provides K-1s yearly for their investors, emailed by April 10th and available in their Juniper Square investor portal. Class B & C investors will receive a K-1. Class A investors will receive a 1099-INT emailed by April 10th as well. 

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Investors are projected to receive ~50-55%+ of year 1 depreciation. Please consult with your CPA on how to use/carry over the depreciation. Class B & C will be able to participate in depreciation, while Class A investors will not be eligible for depreciation.

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Yes, Class B & C investors will receive the same year 1 depreciation. Class A investors will not be eligible to receive depreciation.

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A Preferred Return is NOT a coupon. A Preferred Return is offered to the investors before the Sponsor participates in any upside. Upon a capital event, the Sponsor is not compensated until the principal AND the preferred return (Class B: 16% and Class C: 12%) has been repaid to the investor.

 

For example, if a Class B investor commits $250,000 and the property is held for 5 years, upon a capital event, once the investor has received their principal of $250,000 AND $200,000 (16% return over the 5-year hold) totaling $450,000, the Sponsor will then participate in the upside.

DISCLAIMER

This Business Plan contains privileged and confidential information and unauthorized use of this information in any manner is strictly prohibited. If you are not the intended recipient, please notify the sender immediately. This Business Plan is for informational purposes only. The information contained herein is from sources believed to be reliable, however, no representation by Ashland Greene (“Sponsor(s)”), either expressed or implied, is made as to the accuracy of any information on properties described herein. Investors should conduct their own research to determine the accuracy of any statements made. An investment in this offering will be a speculative investment and subject to significant risks, therefore investors are encouraged to consult with their personal legal and tax advisors. Neither the Sponsor(s), nor their representatives, officers, employees, affiliates, sub-contractor, or vendors are providing tax, legal, or investment advice. Nothing in this document is intended to be or should be construed as such advice. The Securities and Exchange Commission (“SEC”) has not passed upon the merits of or given its approval to the terms of the offering, or the accuracy or completeness of any offering materials. However, prior to making any decision to contribute capital, all investors must review and execute the Private Placement Memorandum and related offering documents. The securities are subject to legal restrictions on transfer and resale and investors should not assume they will be able to resell their securities. Potential investors and other readers are also cautioned that forward-looking statements contained herein are predictions only based on current information, assumptions, and expectations that are inherently subject to risks and uncertainties that could cause future events or results to differ materially from those set forth or implied by such forward-looking statements. These forward-looking statements can be identified by the use of forward-looking terminology, such as “may,” “will,” “seek,” “should,” “expect,” “anticipate,” “project, “estimate,” “intend,” “continue,” or “believe” or the negatives thereof or other variations thereon or comparable terminology. These forward-looking statements are only made as of the date of this Business Plan and Sponsor(s) undertake no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances. Financial Disclaimer: This Business Plan further contains future financial projections and forecasts. These estimated projections are based on numerous assumptions and hypothetical scenarios and Sponsor(s) explicitly makes no representation or warranty of any kind with respect to any financial projection or forecast or any of the assumptions underlying them. This Business Plan further contains performance data that represents past performances. Past performance does not guarantee future results. Current performance may be lower or higher than the performance data presented. All return examples provided are based on assumptions and expectations in light of currently available information, industry trends, and comparisons to competitors’ financials. Therefore, actual performance may, and most likely will, substantially differ from these projections, and no guarantee is presented or implied as to the accuracy of specific forecasts, projections or predictive statements contained in this Business Plan. The Sponsor(s) further makes no representations or warranties that any investor will, or is likely to, achieve profits similar to those shown in the proformas or other financial projections. Please note that securities will only be offered and sold to “accredited investors” as that term is defined in Rule 506(c) of Regulation D promulgated by the SEC.

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