Urgent: AG Value Add Funds II & III (Ashland Greene), part of AGREOF I Fund – Foreclo
Hello everyone, I am an LP with a significant investment in Ashland Greene, specifically tied to AG Value Add Funds II & III, both part of the AGREOF I portfolio. As noted in the official sponsor communication sent on Friday, May 22, 2026, senior lenders have halted negotiations. The firm stated that lenders intend to proceed with a full foreclosure on June 2, 2026, and they expect the equity invested in Funds II and III to be completely unrecoverable.
With the foreclosure auction less than 10 days away, a core group of LPs is urgently organizing a coalition to protect our collective interests. We are actively: * Consulting with Texas-based securities and commercial real estate litigators regarding an emergency Temporary Restraining Order (TRO) to pause the June 2nd sale.
* Pooling resources to fund a formal legal review, books and records audit, and potential breach of fiduciary duty actions.
* Coordinating legal strategies tailored for both Self-Directed IRAs (SDIRAs) and regular cash positions.
If you are an investor in AG Value Add Fund II, Fund III, or the related AGREOF I fund, please direct message (DM) me immediately. Please include: 1. Your specific fund number 2. Confirmation of your Friday email receipt. Time is absolutely of the essence to pool our voting power and legal resources before the June 2nd deadline.
*Disclaimer: This is an informal investor-led coordination group. This message does not constitute legal or financial advice.*
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- The Woodlands TX / Avon, CT
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#1 Innovative Strategies Contributor
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- The Woodlands TX / Avon, CT
Investors in these syndications seem to believe (1) that they can aim for 20% + annual ROI with the same limited risk as investments that project 8% ROI and (2) that because a sponsor is able to raise a lot of capital they must be “good”. Those are 2 VERY dangerous assumptions. In the 1980s syndicators were competent but dishonest. In the 2020s syndicators are honest but incompetent. Go figure.
- Don Konipol
