Club Events at UCLA Anderson Real Estate Association

UCLA Anderson
Image: anderson.ucla.edu

Frank Roessler is the founding principal of Ashcroft Capital, a multifamily real estate investment firm headquartered in Southern California. Before launching his career in real estate, Frank Roessler received his MBA from the UCLA Anderson School of Management, where he belongs to the Anderson Real Estate Association (AREA).

A prominent student group at UCLA Anderson, AREA hosts a variety of events designed to expose students to real estate and prepare them for their careers. Every year, the club competes against rival USC’s business school in the National Association of Industrial and Office Properties Challenge, in which each school sends a five-person team to determine a maximally effective use for an existing real estate project. The club also participates in national case competitions such as the UNC Real Estate Development Challenge and the MIT CASE Competition.

In addition to intercollegiate competitions, AREA sponsors a broad range of real estate workshops for students at UCLA Anderson. Over the years, the organization has sponsored events on topics ranging from land acquisition and private equity financing to real estate financial modeling and home purchasing. Other club events include alumni networking mixers, mentorship programs, and a distinguished-speaker series.

Multifamily Investing Capitalizes on Economies of Scale

 

Ashcroft Capital
Image: ashcroftcapital.com

Frank Roessler is the founder and principal of Ashcroft Capital LLC, a real estate investment firm based in Westwood, California. Frank Roessler oversees all investment activities at the firm, focusing his efforts on commercial multifamily opportunities in metropolitan statistical areas.

More so than any other class of residential real estate, multifamily assets allow investors to benefit from economies of scale. Single-family homes function as standalone units, often separated from one another by considerable geographical distance. As such, maintaining these properties and ensuring occupancy is not always efficient. Multifamily properties concentrate many units in a single location, eliminating some of these inefficiencies and maximizing returns for investors.

Economies of scale reduce the per-unit cost of multifamily properties by consolidating expenses such as garbage bills, insurance, and rent collection. Instead of hiring several maintenance crews to handle 25 single-family homes, investors can hire a single maintenance crew to handle a 25-unit multifamily building, saving both money and time. Multifamily buildings also spread out risk; if one or two units become vacant, this represents only a small fraction of the total income from the property.Frank Roessler is the founder and principal of Ashcroft Capital LLC, a real estate investment firm based in Westwood, California. Frank Roessler oversees all investment activities at the firm, focusing his efforts on commercial multifamily opportunities in metropolitan statistical areas.

More so than any other class of residential real estate, multifamily assets allow investors to benefit from economies of scale. Single-family homes function as standalone units, often separated from one another by considerable geographical distance. As such, maintaining these properties and ensuring occupancy is not always efficient. Multifamily properties concentrate many units in a single location, eliminating some of these inefficiencies and maximizing returns for investors.

Economies of scale reduce the per-unit cost of multifamily properties by consolidating expenses such as garbage bills, insurance, and rent collection. Instead of hiring several maintenance crews to handle 25 single-family homes, investors can hire a single maintenance crew to handle a 25-unit multifamily building, saving both money and time. Multifamily buildings also spread out risk; if one or two units become vacant, this represents only a small fraction of the total income from the property.

Anderson School of Management MBA Program

 

Anderson School of Management
Image: anderson.ucla.edu

Before beginning a career as an investment manager and founder of Ashcroft Capital, LLC, in Westwood, California, Frank Roessler attended Bucknell University in Lewisburg, Pennsylvania, where he studied electrical engineering. Frank Roessler also attended the UCLA Anderson School of Management in Los Angeles, California, where he earned an MBA in management.

The Anderson School of Management MBA program at the University of California Los Angeles features a nine-course core curriculum that gives students the foundation for building a career in management. Although first-year courses are required, students are free to decide the order in which the courses are taken.

Schedules from the second year on can be designed according to the student’s needs and lifestyle. The management program offers electives that can be tailored to individual career choices ranging from accounting and brand management to entrepreneurship, global management, and marketing analytics. The courses are designed to help students develop in-depth skills in their chosen area of focus as well as excel during internship and job interviews.