An MBA graduate of the Anderson School of Management at UCLA, Frank Roessler is a former asset manager for M&A Real Estate Partners in Westwood, California. Today, Frank Roessler stands out as the founder of Ashcroft Capital, a real estate investment firm with a portfolio of multifamily properties located across the state of Texas.
According to an article published by Forbes earlier this year, many of the best cities to invest in multifamily or single family housing in 2017 are located in the southern half of the United States. Among the top cities for housing investments are Dallas, Texas, at number one; Jacksonville, Florida, in the number two spot; and Orlando, Florida, ranked third. Two additional cities in Texas made the top 20 list for best housing market potential this year, with Fort Worth ranking ninth and San Antonio ranking 20th.
In addition to a growing demand for multifamily housing, 2017 is also expected to bring rent growth to some cities, primarily in the western and southern parts of the country. Oakland, California; Las Vegas, Nevada; Dallas, Texas; and West Palm Beach, Florida are all expected to see increases in rent prices for tenants within the next year.