An Opportunity to Invest in Florida Real Estate

Ascent 07
Ascent 07
Ascent 07
Ascent 07
Ascent 07
Florida
Florida

The Ascent 07 Florida Property Fund

A niche closed ended residential property capital growth unit trust fund, focused on the West Coast of Florida, in particular in the Gulf Coast markets of Sarasota, Manatee and Charlotte counties.

  • Florida by itself is the 15th largest economy in the world – and one of the fastest growing states in the USA.
  • Exceptional buying opportunities for UK investors with a favourable pound-to-dollar exchange rate.
  • Projected 26.5 million residents by 2030, an increase of over 10 million on 2000 – and in excess of 85 million tourist visitors per year.

Why Invest in West Coast Property?

  • Florida property prices are bottoming out. Two quality independent assessments predict this.
  • Indicators are pointing to a return to normal market conditions.
  • Housing sales expecting a solid increase in 2008.
  • Mortgage rates pegged to national interest rates will decline sharply.
  • A third of overseas property purchases in Florida are from the UK.
  • The West Coast’s historical drivers (generating more jobs and population growth) will put it at the forefront of the recovering housing market in the US. Baby Boomers are the driving force to the economy.
  • The population shift in the US to the warmer states including Florida, Arizona, Nevada and North Carolina will continue.
  • The market is poised to recover from a slowdown in the market caused by previous oversupply which peaked in the second half of 2006. There are clear indicators of supply now beginning to tighten; this will accelerate the return to historically strong house price growth in the area.

Why Ascent 07 Florida?

The well publicised slowdown in the US residential property market is now coming to a close. In stronger residential markets, there are now clear signs of recovery.

The fund will focus on acquiring, for resale, interests in a range of residential property on the Gulf Coast of Florida.

The properties will include resort style, amenity rich, second home and principal residencies.

Properties either prior to or under construction, will be targeted, particularly in locations that are projected to have good capital appreciation.

It is anticipated that these properties will be sold within two years after completion and the proceeds will be reinvested during the life of the fund.

What Next?

Please click here to contact Ascent Fund Managers Limited direct for:

  • Key information on the fund’s aims and strategies
  • A detailed profile of the asset managers
  • An opportunity to invest in Florida real estate

Ascent Fund Managers Limited is an independent property fund management company, incorporated in Guernsey and licensed by the Guernsey Financial Services Commission.

Click here to read more about the business

Information courtesy of Ascent Fund Managers Limited | Last Updated: 19 February 2008