Ashcroft Capital
Image: ashcroftcapital.com
Prior to founding Ashcroft Capital, LLC, Frank Roessler gained years of experience in large-scale multifamily investments in different states throughout the country. Frank Roessler’s company was launched in 2014.
Ashcroft Capital, LLC, a national multifamily investment company, concentrates on key metropolitan statistical areas that exhibit sustained rent growth, employment growth above the national average, and low vacancy rates. The assets acquired must provide returns that meet expectations of private equity and high-net-worth investors. These returns are achieved through improved operational efficiency, appropriate capital outlays, and rebranding.
The firm’s portfolio currently comprises more than 1,230 units across the state of Texas. The Woodglen Village is made up of 250 units and is located in Houston. Exterior and interior renovations and upgrades were executed resulting in returns exceeding projections. The Eleven 600 apartment complex is a 216 unit asset found in Richardson, a city in Dallas. To better compete in this market, renovation is being undertaken while maximizing rents. Rebranding was also performed.
Another asset in Dallas is a 296 unit asset known as Residence at Midtown. The property belongs to the sub-market of Farmers Branch characterized by its high barriers to entry. Renovations and upgrades including the addition of a modern fitness center have transformed this asset into a value-added investment.
Also part of the portfolio is The Alara Apartments comprising 155 units. Purchased at a significant discount, it is a Class B apartment community in need of renovation and improved operational efficiency. The property will be renovated with updated security and higher resident qualifications will be put in place.
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