With an electrical engineering background and holding and MBA from UCLA’s Anderson School of Management, Frank Roessler has for the past decade played key roles in multifamily investment undertakings involving hundreds of millions of dollars. His breadth of experience spans the legal and financial areas, as well as management and oversight of the actual physical assets, including all aspects of construction. In 2014 Frank Roessler founded his own company, Ashcroft Capital, LLC.
Headquartered in Westwood, California, Ashcroft Capital engages in multifamily acquisitions ideal for high-net-worth individuals and institutional funds. The firm utilizes its acquisition experience, distinct underwriting strategy, extensive broker network, and asset management expertise to determine relatively low risk investments that can provide above average revenue growth potential.
Ashcroft acquired the 250 unit Woodglen Village Apartments for $15 million in August 2015. Identified as a Class B asset in a Houston area with robust family demographics, the business plan entailed renovation of every unit while sustaining high occupancy and increasing operating income. The asset is currently producing occupancy rates in excess of 95 percent and outpacing projected returns.
For 2016, Ashcroft is scheduled to close on four assets.