What is AG Capital focused on?

AG Capital provides access to healthcare anchored retail and medical retail real estate investment opportunities focused on stabilized properties for accredited investors.

What is medical retail real estate?

Medical retail (also called medtail) refers to healthcare services delivered in retail settings, typically in healthcare anchored shopping centers with outpatient medical facilities, pharmacies, and health-focused tenants.

How do monthly distributions work?

Monthly distributions, when paid, are supported by property-level cash flows from rent payments. Distributions are not guaranteed and may vary based on property performance and fund operations.

Who can invest in AG Capital?

Securities are offered under Rule 506(c) and are available only to Accredited Investors who complete verification procedures as defined by SEC regulations.

What tax reporting do investors receive?

Investors receive annual Schedule K-1 tax reporting. Disclaimer: Tax outcomes are not guaranteed and depend on investor-specific circumstances. Consult your tax advisor for guidance.

What does stabilized mean in real estate investing?

Stabilized real estate refers to properties that are fully or substantially leased with established cash flows, as opposed to development or value-add properties requiring significant capital improvements.

Why invest in healthcare anchored retail?

Healthcare anchored retail centers typically feature essential services that generate consistent traffic, longer-term leases, and potentially more stable tenant relationships compared to traditional retail.

What are the primary risks?

Real estate investments involve risks including tenant defaults, property value fluctuations, market conditions, interest rate changes, and potential loss of principal. Past performance does not guarantee future results.

Rule 506(c) allows private offerings to be advertised publicly but requires that all investors be verified as accredited investors before they can participate. Verification includes income, net worth, or professional certification requirements.

What is the minimum investment amount?

The minimum investment amount is $100k. Securities are offered under Rule 506(c) and are available only to Accredited Investors who complete verification procedures. Investment details and terms are provided in the private placement memorandum. Disclaimer: Real estate investments involve risks, including possible loss of principal.

How often are distributions paid?

The fund targets monthly distributions to investors at 7% annually, supported by property-level cash flows. Disclaimer: Distributions are not guaranteed and may vary based on fund performance. Past performance is not indicative of future results. All investment details are provided in the private placement memorandum.

What is the typical investment timeline?

The fund focuses on a long-term investment strategy. Specific hold periods and exit strategies are detailed in the private placement memorandum. Disclaimer: Liquidity is limited and investors should be prepared for long-term commitment. Past performance is not indicative of future results.

How is AG Capital different from traditional REITs?

AG Capital is a private real estate fund available only to accredited investors, focusing specifically on healthcare anchored retail properties. Unlike public REITs, it offers direct ownership participation through Schedule K-1 reporting. Securities are offered under Rule 506(c) with limited liquidity. Disclaimer: Real estate investments involve risks, including possible loss of principal.

What markets does AG Capital focus on?

AG Capital focuses on 34 stabilized healthcare anchored retail properties across growth markets, with a concentration in Texas, Oklahoma, and Florida.

What is AG Capital's relationship to Ashton Gray Development?

AG Capital is the investment fund division of Ashton Gray Development, the #1 fastest growing medtail developer in the United States. Ashton Gray Development is a vertically integrated developer that builds healthcare anchored retail properties from the ground up, managing every step from site selection and construction to long-term asset management. AG Capital provides accredited investors access to these newly developed properties through private placement offerings.

How does healthcare real estate perform during economic downturns?

Healthcare services are generally considered essential, which may provide more stability compared to traditional retail. Disclaimer: All real estate investments carry substantial risks including possible loss of principal, and past performance does not guarantee future results. Economic conditions, tenant defaults, and market factors can significantly impact performance regardless of property type.

What reporting do investors receive?

Investors receive regular financial reporting, annual Schedule K-1 tax documents, and periodic updates on fund performance and portfolio developments.

How do I qualify as an accredited investor?

Accredited investors must meet SEC requirements: individual income over $200,000 ($300,000 joint) for 2+ years, net worth over $1 million, or hold certain professional certifications like Series 7, 65, or 82 licenses.

Can I invest through my IRA or 401k?

Retirement account investments may be possible through self-directed IRAs, subject to specific requirements and restrictions. Disclaimer: Consult with your retirement account administrator and tax advisor.

What makes healthcare retail different from traditional retail?

Healthcare retail (medtail) typically features essential services, longer-term leases, consistent patient traffic, and tenants with historically lower default rates compared to traditional retail businesses.

How can I contact AG Capital to learn more?

Use the investor contact form on this page or call (405) 300-4003 during business hours. Only accredited investors should inquire as securities are offered under Rule 506(c). Disclaimer: This communication does not constitute an offer to sell securities. Offers are made only through the confidential private placement memorandum.

How do healthcare real estate funds compare to traditional REITs?

Private healthcare real estate funds like AG Capital offer direct ownership participation through Schedule K-1 reporting, focus on specific property types, and are available only to accredited investors under Rule 506(c). Traditional REITs are publicly traded, offer daily liquidity, but may have less focused strategies. Disclaimer: Both investment types carry substantial risks including possible loss of principal.

What due diligence should I expect for accredited investor verification?

Accredited investor verification typically requires documentation of income (W-2s, tax returns), net worth statements, bank statements, or professional certifications (Series 7, 65, 82). Third-party verification services may be used. This process is required by SEC Rule 506(c) regulations.

How does AG Capital select and evaluate properties?

AG Capital focuses on healthcare anchored retail properties developed by its parent company Ashton Gray Development, the #1 medtail developer in the U.S. Properties are selected based on growth markets like Texas, Oklahoma, and Florida, with evaluation criteria including site location, tenant pre-leasing commitments, demographic analysis, and healthcare services proximity. Ashton Gray Development builds these properties from the ground up rather than acquiring existing properties. Detailed investment criteria are provided in the private placement memorandum.

What happens if healthcare tenants default or vacate?

Healthcare tenants typically have longer lease terms and lower default rates than traditional retail. However, tenant defaults can occur and may impact fund performance. AG Capital invests in properties developed by its parent company Ashton Gray Development, which provides comprehensive development, leasing, and asset management services for the properties they build. Disclaimer: All real estate investments carry risks including tenant default and vacancy.

Healthcare Anchored Retail Real Estate Fund

Our Core Pillars

AG Capital Healthcare Real Estate Investment - Fully Leased Medical Properties

Pillar 1

Fully Leased, Stabilized, Healthcare Anchored, Essential Retail

AG Mustang North, OK

We focus on acquiring largely stabilized, healthcare-anchored centers designed to support durable occupancy and attractive current income over time.

Built around healthcare and daily-needs tenants with generally long-term leases

*Actual lease renewals, tenant performance, and future occupancy cannot be guaranteed. Property-level results may fluctuate based on market and operational factors.

Pillar 2

Monthly Cash Flow

The fund has historically paid monthly distributions supported by property-level cash flows.

AG Anna, TX

Pillar 3

Reduced Risk

AG Carrollton, TX

Target stabilized assets

Focus on medical tenants with historical low default rates*

Current retail vacancy rates at all-time lows*

*Per SBA data and Cushman & Wakefield

Pillar 4

Equity Growth

In addition to your targeted distributions, our investment thesis is to achieve appreciation through planned strategic acquisitions and contractual rent escalators

*Past appreciation does not guarantee future performance

AG Odessa, FL

Pillar 5

Tax Efficiency

AG Sunnyvale, TX

Investors receive annual schedule K1 reporting

Certain tax benefits from direct ownership in real estate - such as depreciation - may reduce taxable income.

*Tax outcomes are not guaranteed and are dependent on investor-specific circumstances.

Performance to Date

Since inception through 9/30/2025

17.5%

Net IRR for the past 12 months through 12/30/2025*

Targeted annualized cash-on-cash distributions**

Scale and occupancy

Stabilized assets***

Active tenants***

*The "since inception" internal rate of return (IRR) shown reflects the Fund's performance from its commencement of operations on September 28, 2022 through December 31, 2024. The IRR is net of all income, expenses, management fees, and carried interest allocated to investors and was calculated based on the timing of capital contributions, distributions, and investors' share of net assets as of December 31, 2024, consistent with the methodology used in the Fund's audited financial statements. This figure is historical and does not reflect the Fund's performance after December 31, 2024. Actual investor experience may differ. Past performance is not indicative of, and does not guarantee, future results. Investment in the Fund involves risk, including the possible loss of principal.

**TBD

***As of 9/30/2025. Historical; net of fees and expenses. Past performance does not guarantee future results.

Measured Success

Our Proven Scorecard

100% Stabilized

34 Stabilized Assets

72+ Active Tenants

200k+ SF Leased

*As of 9/30/2025; subject to change.

Return Estimator

See how your investment could grow.

AGIF is designed to provide 2 streams of value. A targeted monthly distribution and capital appreciation.

$500K investment becomes...

Investment Amount

$500,000

Monthly

$3,040

3-Year Hold

$700,000

3-Year Upside

$850,000

$3,040

Every month, like clockwork

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Based on $500K investment and 7.3% annual distribution

$700K

Hold Case

16% IRR

$850K

Upside Case

29% IRR

*Results are based on simplified assumptions, including a 7% annual cash distribution (net of the Fund's management fee) and illustrative total return multiples of 1.5x over 3 years for the base case and 2.1x over 3 years for the upside case. The total return multiples are shown gross of any performance-based compensation (carried interest) and certain other expenses. These scenarios are hypothetical and do not represent actual or projected performance of the Fund or any investor.

Tenant Mix

Portfolio Mix Breakdown

Healthcare

65%

Dental, Medical, Orthodontics, Physical Therapy, Primary Care, Veterinary, Optometry, Urgent Care

Retail

17%

Telecom, nail salons, barber shops, local merchants

QSR

14%

National franchises, restaurants

Banking

Regional banks, financial and lending centers

Healthcare

65%

Dental, Medical, Orthodontics, Physical Therapy, Primary Care, Veterinary, Optometry, Urgent Care

Retail

17%

Telecom, nail salons, barber shops, local merchants

QSR

14%

National franchises, restaurants

Banking

Regional banks, financial and lending centers

*As of 9/30/2025; subject to change

Contact Us

For Investors

Expand your healthcare real estate investment opportunities

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Purpose Built. Performance Driven. For You.

Purpose Built. Performance Driven. For You.

Purpose Built. Performance Driven. For You.

Our Core Pillars