DIVERSIFIED REAL ESTATE PORTFOLIO
LEARN HOW YOU CAN
DIVERSIFY PASSIVELY INTO MACRO-DRIVEN REAL ESTATE
OVERVIEW
Aspen Opportunity Fund is a diversified real estate fund focused on investing in what we believe to be the best risk-adjusted opportunities.
This Fund will be focusing on multiple asset classes giving you better diversification across strategies and asset classes. Following our economic research, we’ll be targeting strategies that are supported by economic megatrends.
The Fund will target deploying capital anywhere from $2-10MM+ equity positions, with a focus maximizing total return and investor IRR.
Fund’s deployment period will be 1 year, with possible extension if needed and will invest in value-add properties or ground up development
Depending on the property’s strategy, we will begin our value-add strategy or development
Once the renovations or construction are completed, we will begin our lease up and stabilization period- during this period, cash flow begins to grow, and investor distributions are expected to begin
Fund will drive value in properties and depending on timing a strategic refinance will be utilized to return capital, especially on development projects
INVESTMENT BENEFITS
Your investment goes further in a fund structure as you invest into multiple assets with a single check. This reduces risk and variance of return.
Your investment will be spread across multiple properties in multiple asset classes, reducing variance of return
Rather than reviewing multiple PPMs, sending multiple wires, or gathering multiple K-1s, you can invest with a single investment
INVESTMENT OVERVIEW
| CLASS A SHARES |
CLASS B SHARES |
CLASS C SHARES |
|
|---|---|---|---|
| Minimum Investment | $50,000 | $250,000 | $1,000,000 |
| Preferred Return | 7% | 8% | 9% |
| LP/GP Promote | 70/30* | 75/25* | 80/20* |
| Target Net Annual Return | 15-20% | 16-21% | 17-22% |
| Target Net IRR | 13-16% | 14-17% | 15-18% |
| Projected Hold Period | 5-6 years | 5-6 years | 5-6 years |
*Up to an 18% AAR, then 50/50 thereafter
FUND STRATEGY
The minimum investment in the Aspen Opportunity Fund is $50,000.
The fund life is expected to be 5-6 years; however, our team is always evaluating exit opportunities and will consider exiting early should it benefit investor returns.
Every Aspen investor is given an investor portal to track investments whenever they would like. We provide capital account statements, investor newsletters, and financial statements on a quarterly basis. We also always welcome calls from our investors.
The Opportunity Fund will hold anywhere from 6-10 real estate assets.
The Opportunity Fund will focus on opportunities we believe will generate strong risk-adjusted returns. While some opportunities will generate cash flow day one, many heavier value add or development deals may not produce cash flow for a period of time. On a blended basis, we expect cash flow for the first year or so to be minimal. Once projects stabilize we expect liquidity events to be generated from refinances or sales of properties.
Yes. Many of the properties we purchase into the fund will go through a cost segregation study leading to accelerated bonus depreciation. In addition, sales of properties generally result in capital gain.
Yes, our funds allow investment through qualified retirement money. This must be done through a self-directed IRA or 401K. If you don’t yet have a self-directed account, we can make introductions to several custodians that we have worked with.
Additionally, leverage on the underlying assets lead to the possibility of generating Unrelated Business Income Tax (UBIT). We would ask that investors speak with their tax professional about potential implications. Aspen offers investors the ability to invest directly with your qualified plan or through a UBIT blocker.
Yes, our funds currently only allow accredited investors.
An individual or an entity can generally qualify as an accredited investor if they meet at least one of the following criteria:
For more information about the requirements of an accredited investor, see this bulletin from the SEC.
I am a CPA and also the Executive Director of Northen Michigan Angel investment group. I have reviewed many investments, and it is a pleasure to see one like Aspen, with its outstanding business model and professional execution with timely updates on its progress.
-Dave & Deanna
I am a healthcare marketing executive. I have known Bob Fraser for over 10 years and hold him in the highest regard, and I have been with Aspen from the beginning. I couldn’t be more pleased – the dividends and statements come on time, and the team is always responsive and helpful. I feel like my money is in good hands.
-Dawn
I am a business guy from Canada who owns different companies, one with 500 employees. I like to find great opportunities. I have been with Aspen for about four years. I look for people who have very good business experience and that I can trust. Aspen has provided that for me.
-Brian
I'm an accounting professor and real estate investor. In the past, I have not had much free time to oversee my portfolio. In early 2014, Bob Fraser contacted me to tell me about Aspen. I am impressed with the Aspen team. I will be investing more funds with Aspen as I liquidate my real estate investments.
-Marsha
You're about to learn about a fund 10 years in the making providing:
Manager experience: Over a decade in private equity; principals have 100+ years combined experience.
Diversification: Invest in multiple assets with one check, reducing risk and return variance.
Alignment: Aspen's management team is personally invested in every deal.
Invest in Economic Tides: Our team continuously analyzes economic trends, enabling our fund to invest in the best deals, regardless of asset class
Lower Volatility: Less volatility than public markets, with added protection against individual property risks.
Tax Benefits: The advantages that direct property ownership offers to our investors
