Ashton Gray Launches $60 Million Inaugural Fund

Okla. City, OK (Oct. 24, 2022) – Oklahoma-based real estate development firm Ashton Gray is privileged to announce the successful launch of the Ashton Gray Income Fund (AGIF), a $60 million healthcare-centric real estate fund.

The fund features 22 income focused properties across Oklahoma, Texas, and Tennessee, all of which were developed in-house utilizing Ashton Gray’s industry-disrupting physician partnership model, empowering physicians to have significant ownership in the real estate they occupy.

Investors of the AGIF noted longevity and cash-flow of in place leases, tenant quality and diversification, long-term asset appreciation, recession resistant industry focus, fixed-rate financing, and regulatory agnostic investment performance as reasons for committing capital to the Fund.

“The commencement of the first Ashton Gray Income Fund represents a profound evolution in our company and in expanding the impact of our real estate portfolio,” said Denver Green, Ashton Gray CEO. “In terms of real estate development and investment services, Ashton Gray’s philosophy is to provide a partnership-based relationship with physician tenants that will ultimately strengthen the portfolio for our partners and investors. Our goal is to let the tenants and physicians serve their patients and we handle the rest.”

The highly capable team at Ashton Gray – led by Denver Green, Jason Nowell, Ben Davis, Bobby Snyder, Cassidy Hedrick and Jenna Adkins – worked in concert with advisors and colleagues Brian Blundell of BancFirst, Rick Warren of Steptoe & Johnson PLLC, Brian Carlton and Clint Coe of JLL, Donnie Matteson of Eide Bailly, Grant Soderberg of Thorberg Collectorate and Jacob Fanning of Hartzog Conger Cason to plan, develop and actualize the Fund.

Based on the overwhelming response, Ashton Gray anticipates making additional tranches of the Ashton Gray Income Fund available to select accredited investors in 2023. For more information on Ashton Gray and future investment opportunities, visit www.ashtongray.com.

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About Ashton Gray

Founded in 2018 by Denver Green and Jason Nowell, Ashton Gray is an integrated provider of real estate development and investment services, dedicated to delivering turn-key real estate development projects and building long term wealth for its network of partners. Ashton Gray specializes in standalone and connected commercial or industrial properties ranging from medical and office spaces to fast-casual restaurants. Named a 2021 and 2022 Journal Record “Top Places to Work”, Ashton Gray’s team of real estate developers, asset managers, development directors and construction experts have more than $1 billion of experience.

For more information about Ashton Gray, visit www.ashtongray.com