Of all the syndication failures these guys are the worst. I thought that investing in their multi housing funds would spread the risk and mitigate any potential losses yet despite a 33% capital call for each fund they are now all in forfeiture with 100% LP capital loss. Unfortunately yet another example of over promising and over leveraging with the LPs bearing the brunt of their failures. Just a bunch of modern day con artists or at the very least they are criminally incompetent with no repercussions.

I invested $100,000 with Ashland Greene in the Willow Park project based on the projected business plan, expected hold period, and investor communications throughout the investment cycle. Over time, investors were repeatedly updated that occupancy was improving, operations were stabilizing, and management’s focus was on “capital preservation” and extending financing while waiting for market conditions to improve. However, investors were later informed that the original equity would not survive the recapitalization and that original invested capital would not be returned. I understand that real estate investments carry risk, and I recognize the difficult interest rate environment impacting multifamily assets nationwide. That said, the communication surrounding investor equity deterioration felt delayed and lacked transparency regarding the severity of the situation as it evolved. For many investors, this was not a small speculative allocation — it represented meaningful personal capital. Learning that the original investment had effectively been wiped out while simultaneously being offered the opportunity to invest additional funds into a recapitalized structure was extremely difficult and disappointing. I would strongly encourage prospective investors to thoroughly review all offering documents, understand downside scenarios, and ask detailed questions about leverage, debt structure, refinancing risk, sponsor alignment, and recapitalization protections before investing.