A 144 Unit Condo-Spec Townhomes Asset
Value- Add Investment Opportunity
PARK AT ASHFORD
16% EXCLUSIVE Preferred Return for GW Capital Investors
| $11M Projected value-add
A 144 Unit Condo-Spec Townhomes Asset
Value- Add Investment Opportunity
PARK AT ASHFORD
16% EXCLUSIVE Preferred Return for GW Capital Investors
| $11M Projected value-add
- We are super excited to introduce our latest Off Market Investment Opportunity! After months of due diligence and underwriting multiple projects across different markets, we finally have an opportunity that meets our stringent criteria for being conservative and provides our portfolio with diversification into the strong Dallas-Fort worth Metroplex with an experienced vertically integrated operator. And the best part is that EVERY GW Capital investor gets Exclusive access to Preferred Class B returns on this deal!
WHY WE LOVE THIS DEAL?
Market Highlights:
- Park at Ashford is a 144-unit value-add asset located in Arlington, Texas.
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Park at Ashford is conveniently located Arlington, Texas, with convenient access to Fort Worth, Dallas, or Mid Cities via I-20 and highway 360, quick access to entertainment areas like AT&T Stadium, Ranger Stadium, Six Flags Shopping Plus, and to major employment headquarters, including DFW International Airport, Lockheed Martin and more..
Investment Highlights:
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Value-Add: The Park at Ashford is a 1984 144-unit Class B value-add asset with 94% of units primed for renovations with a projected $11 million value-add.
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Unique Product: Desirable condo-spec townhomes with 9-foot ceilings, attached garages in 100% of units (single and 2-car garage) , individually metered utilities, and washer/dryer connections for all units.
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Distressed buy - acquiring at a 19.6% discount compared to transacted value in 2021.
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The surrounding area boasts strong demographics with a 1-mile median household income of $69,366 which translates to a 3.78x income qualifying ratio.
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Vertically Integrated Team: with In-House Property Management and Construction teams with experience in the Sub market
CATALYST FOR SOUTH ATLANTA'S GROWTH
*For Accredited Investors*
Three-Tiered Equity Structure
Allows Investors to Match Investment Goals
A three-tiered return structure gives investors options when placing their equity. Investors have the ability to invest in either tiers of equity Class A, Class B, Reserve Class or a combination of Class A and Class B. Diversifying in both A and B classes allows for a risk adjusted, blended returns.
DISTRIBUTION SPECIFICS:
In the event that cash on hand is generated from sale or refinance, this is the order of distribution:
- payment of all loans, unpaid Cumulative preferred returns to investors, return of all Capital Contribution (initial investment) to investors
- Only then will sponsor catch up be paid out (sponsor share of cash flow) This ensures higher investor cash flow upfront as opposed to having a true split of cash flow to sponsor
- Profit upon Sale is then split 70/30 for Class B and 80/20 for Class A till 15% IRR is reached after which additional profits are split 50/50
Stewart's Mill
Tour the Property
The Park at Ashford,
Dallas
Investment Summary
Introducing the 144-unit Park at Ashford condo-spec townhomes, located in Arlington, Texas. GW Capital is proud to present this exclusive Off Market Investment Opportunity situated with convenient access to Fort Worth, Dallas, or Mid Cities via I-20 and highway 360, quick access to entertainment areas like AT&T Stadium, Ranger Stadium, Six Flags Shopping Plus, and to major employment headquarters, including DFW International Airport, Lockheed Martin and more. Built in 1984, the Park at Ashford development offers an exceptional chance to invest in a value-add asset with a projected $11 million value-add.
Park at Ashford is an ideal choice for those who want to enjoy the peace and quiet of suburban living without sacrificing the conveniences of city life. The community boasts a variety of amenities, including a sparkling swimming pool, and BBQ grills.
The units themselves feature spacious floor plans with 9-foot ceilings, attached garages in 100% of units (single and 2-car garage) , individually metered utilities, and washer/dryer connections for all units.
With its prime location, exceptional value-add potential, and amenities, Park at Ashford is a fantastic investment opportunity that is sure to attract a wide range of tenants.
Park at Ashford, Dallas - SOFT COMMIT - LOCK IN YOUR SPOT
* This is a Rule 506(c) offering for Accredited Investors Only
Timeline
Soft Commit deadline - June 5th.
Funding deadline - June 10th.
Expected Closing date - July 10th
*DEFINITION OF ACCREDITED INVESTOR (PLACE HOLDER)
You qualify as an Accredited Investor if you meet any of the following criteria:
a) You earn over $200,000 in annual income,
b) You, together with your spouse earn over $300,000 in joint annual income,
c) You have a net worth, exceeding $1,000,000 (excluding the value of primary residence) individually or together with spouse.
GOT QUESTIONS?
If you have any questions please feel free to message us at [email protected] or if would like to talk to us about how this asset would fit into your portfolio and goals, feel free to reach out to schedule a call:
Book a Call with Param
