Ashcroft Capital Expands Portfolio with Birchstone Waterleigh
Ashcroft Capital Expands Portfolio with Birchstone Waterleigh
Ashcroft Capital, a notable player in the multifamily investment sector, has recently announced its acquisition of Birchstone Waterleigh, a luxurious garden-style community that stands out for its high-quality offerings. This community comprises a total of 300 apartment homes designed to provide an unparalleled living experience.
The Luxurious Features of Birchstone Waterleigh
Birchstone Waterleigh, previously known as Ascend Waterleigh Club, is situated in a prime location within a rapidly growing area. The community boasts modern amenities including a resort-style saltwater pool, a coworking lounge, a 24-hour fitness center, and even an enclosed dog park to cater to pet owners. Additionally, residents enjoy 24-hour emergency maintenance to ensure their peace of mind.
About the Acquisition Process
The acquisition of Birchstone Waterleigh represents the second multifamily property for Ashcroft Capital in the vicinity. Known for their strategic investments, the firm has previously acquired a nearby property, Halston Waterleigh, further solidifying its presence in this promising market. The deal was facilitated through a joint venture, incorporating valuable partners such as Temerity Strategic Partners and Pearlmark, fostering a collaborative effort aimed at enhancing the property’s value.
The Vision Behind the Investment
Frank Roessler, the founder and CEO of Ashcroft Capital, expressed his enthusiasm regarding this acquisition. He noted, "Birchstone Waterleigh is not just an asset; it's a residence crafted with a focus on comfort and aesthetics. Our goal is to invest in high-quality properties, and this one aligns perfectly with our strategy to meet the increasing demand for top-tier living spaces in alluring markets like Orlando and Winter Garden. The limited future apartment deliveries in this region amplify its potential for growth, making it a perfect fit for our portfolio."
A Closer Look at the Community Offerings
The homes at Birchstone Waterleigh range from one to three bedrooms, with sizes stretching from 782 to 1,563 square feet, accommodating various lifestyle needs. Each home comes equipped with modern features such as stainless steel appliances, hardwood-style flooring, and spacious walk-in closets. The community’s outdoor spaces include barbecue grills and multi-use dining areas, enhancing the overall residential experience.
Strategic Growth and Future Prospects
Ashcroft Capital's investment in Birchstone Waterleigh is a calculated step towards creating operational efficiencies across its trading communities. Scott Lebenhart, the chief investment officer, emphasized the strategic advantages gained from proximity to other Ashcroft properties in the Orlando area. Furthermore, he highlighted the community’s advantageous placement within a top-rated school district, further appealing to families seeking quality education options.
Stephen Quazzo, CEO of Pearlmark, shared insights into the strategic nature of the acquisition, stating that the property represents a rare opportunity to invest directly from the developer within the Horizon West area. As one of the most sought-after locations, it provides not only a well-structured investment but also stability and growth potential moving forward.
Plans for Future Developments
As part of its brand development strategy, Ashcroft Capital plans to integrate the Birchstone name into other Class-A properties it acquires, enhancing brand recognition and coherence. This initiative reflects their commitment to quality and excellence in the multifamily market.
About Ashcroft Capital
Founded in 2015, Ashcroft Capital is a multifamily investment firm recognized for its robust portfolio exceeding $2.9 billion across more than 14,000 units in dynamic regions. The firm is dedicated to achieving substantial returns for its investors while focusing on the preservation of capital. Their strategy prioritizes the acquisition of valuable assets within prime submarkets of expanding U.S. cities.
About Birchstone Residential
Birchstone Residential operates as the property management arm of Ashcroft Capital, specializing in leasing, maintenance, and construction management to ensure the highest resident satisfaction. The company is committed to a culture that prioritizes people, emphasizing employee growth through training and development.
Frequently Asked Questions
What is Birchstone Waterleigh known for?
Birchstone Waterleigh is renowned for its luxurious amenities, including a resort-style saltwater pool, a coworking lounge, fitness center, and pet-friendly spaces.
Who operates Birchstone Waterleigh?
The property is managed by Birchstone Residential, which is the internal management arm of Ashcroft Capital.
What are the apartment sizes at Birchstone Waterleigh?
Apartments at Birchstone Waterleigh range from one to three bedrooms, with sizes varying between 782 to 1,563 square feet.
Why did Ashcroft Capital acquire Birchstone Waterleigh?
Ashcroft Capital aimed to enhance its portfolio with high-quality assets in a growing market, ensuring resident satisfaction and operational efficiencies.
What is the future outlook for Ashcroft Capital?
The company is proactively expanding its reach within key markets and aims to continue enhancing and diversifying its portfolio across the Sun Belt region.
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