Ashcroft Capital

I invested across multiple funds and suffered a near-total loss, losing at least 95% of everything I invested. The money was intended to support my retirement, and the result was financially devastating, essentially a complete wipeout of many years of savings. The investments were managed terribly, and the communication was just as bad. Updates were often delayed, vague, and lacking in transparency, even as investors were suffering enormous losses. I have also seen what appears to be an aggressive effort to challenge or remove negative reviews on Google and online forums by claiming that the reviewers were not legitimate investors. In my opinion, this gives the appearance of suppressing criticism while continuing to raise money from new investors. This was a catastrophic financial loss that destroyed nearly everything I had set aside for retirement. The entire experience was unacceptable, and disgraceful.

I first invested in an apartment syndication that went well. Cashed some out at the sale and rolled some into a new deal. Then I invested with my IRA in a different (value add)Ashcroft offer only to find out the value add fund was a big investor in the other one. Talk about feeling duped! They’re both expected to sell at a loss despite me adding to one of many capital calls. It’s my opinion the sponsors are making money since they’re still raising capital for other deals. They are better at sales pitches, glossy brochures, conferences and newsletters than they are at making money for their investors. In fact, their investors can lose all their money, certainly looks like I will. In fairness, I didn’t do sufficient due diligence, so some is on me, but all the money is gone.

Invested in AVAF2. 2 capital calls (so far), expecting a total loss. Invest with Ashcroft at your peril.

The 2 investments I had with them resulted in 100% capital loss for both. Their excuse is market conditions but further research reveals them repeatedly overstating the value of numerous properties and collecting the spread to the tune of $110 million! Just Google: The Ashcroft Valuation Gap: CoStar Data vs. Investor Reports. Despite repeated forced sales rather than using some of that money to prop up their failing assets they had the gall to make capital calls from the LPs, the very people that would suffer the most from any capital loss and I am sure that even with a total loss of a syndication the GPs made out just fine. This is no longer just about incompetence but outright fraud. Each investment was doomed to fail with money lost the moment it was wired over. Lawsuits have already begun but Ashcroft deserve nothing less than a full class action and SEC investigation/fines. Are any lawyers and regulators out there listening? I have little hope for any restitution but hopefully they can be prevented from further swindling people out of their hard earned money and maybe this can be the start of more stringent regulations and provide safeguards against the shady dealings in the world Reg D syndications.