Ashforth’s investment philosophy is to acquire quality assets, in superior locations with good long-term fundamentals, and then to enhance the value of those assets through our operating expertise.
As investors we strive to maximize return on equity, and as operators we utilize our
strong local relationships along with our in-house asset management resources
including property management, construction, and leasing expertise to successfully
execute all aspects of an investment.
Ashforth’s real estate investment effort is led by a knowledgeable and dedicated investment team which brings an average of 30 years of real estate experience. Our professionals are well-respected and well-connected in the real estate industry.
As a result of our vision, understanding of real estate markets, appropriate leverage and local competitive advantages, Ashforth has thrived through all economic cycles of the past century.
Investment Objective
Ashforth’s investment objective is to achieve superior risk-adjusted returns through the acquisition, joint venture, or development of office and multifamily properties in fundamentally strong markets. Investments may be stabilized “core” properties or value creation opportunities, including redevelopments and conversions.
Property Characteristics
- Multi-tenant office properties or single-tenant buildings
- Multifamily properties and development
- Existing assets or redevelopment and conversion opportunities
- Transit-oriented development opportunities
- Leasing may be stabilized or incorporate rollover or lease-up exposure
- CBD or suburban locations with superior transportation access
Markets
Since 1896, Ashforth has invested or operated in the Boston/Washington DC Corridor and the Pacific Northwest.
In addition, since 1954 Ashforth has been a principal owner of Unico Properties, a real estate investment firm and full-service operator, focused primarily on office assets in the northwestern United States. In conjunction with Unico, Ashforth is currently invested in properties located in Seattle, Tacoma, Portland, Denver, Boulder, Salt Lake City, Austin, and Nashville.
Ashforth is also a multifamily housing investor with a focus on the Boston/Washington DC Corridor market. Our company, along with several other private investors, has teamed up with BedRock Real Estate Partners, LLC, a private investment firm based in NYC, with significant experience in the development of multifamily housing. As an equity partner, over the past several years, Ashforth and the BedRock group of investors have invested in numerous development projects totaling more than 7,000 units. The group continues to pursue additional multifamily investment opportunities in their targeted investment area.
Investment Management
Working with Ashforth’s investment team, our investors and partners receive considerable investment support including sourcing and underwriting, due diligence, financing, closing, asset and property management, strategic planning, legal oversight, and financial analysis. Our investment management team is backed by the diverse and extensive resources of the entire Ashforth organization.
Development
Ashforth is experienced with developing projects with partners. We oversee the financing, design, construction and marketing of proposed developments.
Property Management
Ashforth creates real estate value by achieving above market tenant retention, managing expenses, and by providing clean, comfortable and attractive work environments to the office space users we serve.
We combine an ability to deliver across a broad geographic platform the breadth of services of a national company while still providing the quality and personal attention of a boutique firm.
Asset Management
Ashforth maximizes value and return by developing and implementing comprehensive asset management plans established to meet specific investment objectives, along with providing long-term investment strategies.
Utilizing the vast resources of our in-house disciplines including leasing, property management, legal, finance and accounting, our asset management team enhances real estate value by offering creative leasing solutions, and designing and implementing cost-effective development, capital improvement and repositioning programs — all of which fosters an operating environment that focuses on tenant retention.
Diversified Investments
In specialized situations, The Ashforth Company makes investments in diversified asset classes. Ashforth’s goal is to maximize returns on the company’s non-real estate investments while preserving capital and providing liquidity to the company.
