Anderson Real Estate Association Competes in NAIOP SoCal Challenge

 

Anderson Real Estate Association
Image: anderson.ucla.edu

Frank Roessler is a driven real estate investor and entrepreneur who has held positions such as acquisition associate and asset manager. A graduate of UCLA’s MBA program, Frank Roessler currently manages the daily operations of Ashcroft Capital as its founder.

While a graduate student at UCLA, Mr. Roessler was actively engaged in extracurricular activities that included the Anderson Finance Club and the Anderson Real Estate Association (AREA). A student-led organization, AREA promotes awareness of real estate and prepares members for careers in the real estate industry. The organization offers extensive programming that ranges from professional networking and mentorship to field trips and site visits.

AREA also participates in the Commercial Real Estate Development Association (NAIOP) SoCal Real Estate Challenge, a competition that hosts five person teams from each of USC’s and UCLA’s business schools. Each student team creates a real estate development proposal for a specific location. The most recent challenge was attended by nearly 300 real estate professionals. In 2016, UCLA’s team developed a strategy to develop a 5.07-acre site in the City of Inglewood and was awarded the Silver Shovel for its work.

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The Role of Financial Controls

Ashcroft Capital
Image: ashcroftcapital.com

 

Real estate investor Frank Roessler possesses over a decade of experience in property management and development. Currently, Frank Roessler serves as the founder and managing principal of real estate investment firm Ashcroft Capital in Westwood, California.

Since its founding in 2014, Ashcroft Capital has invested in multifamily properties in growing urban areas that demonstrate a rising gross domestic product (GDP). The firm’s investment strategy is supported by an established infrastructure that includes reporting, acquisition, client and investor relations, asset management, and financial controls, among others.

In basic terms, financial controls refer to management techniques that focus on maximizing return on investment and mitigating risk. In addition to protecting against fraud, financial controls help to protect organizational assets. Moreover, managers and executives can be more confident in financial reporting when effective controls are in place. Controls often take the form of budgets, balance sheets, income statements, operating ratios, and other financial tools.

A Look at Metropolitan Statistical Areas

 

Frank Roessler

Frank Roessler, a real estate investor and business owner, holds a degree from Bucknell University and an MBA from the UCLA Anderson School of Management. Currently, Frank Roessler serves as the managing principal and founder of Ashcroft Capital, a real estate investment firm located in Westwood, California.

Prior to his current work, Mr. Roessler served as an asset manager of a $425 million portfolio of more than 5,000 units located throughout several metropolitan statistical areas (MSAs) in the United States. MSAs refer to population clusters within the United States that are defined by the Census Bureau and delineated by the Office of Management and Budget.

To be classified as an MSA, an urban area must have one or more population clusters of at least 50,000 residents. There are several other metropolitan classifications as well. Core based statistical areas (CBSAs) are those with a population cluster of 10,000 or more, while micropolitan statistical areas are those with an urban cluster between 10,000 and 50,000 residents.

For additional information on MSAs and their standards for delineation, visit www.census.gov/programs-surveys/metro-micro/about.html.

UCLA Anderson Levine Program Promotes Affordable Housing

 

UCLA Anderson
Image: anderson.ucla.edu

Frank Roessler oversees the acquisition and sale of multifamily investments in major metropolitan areas as the founder of Ashcroft Capital in Westwood, California. Before starting his career, Frank Roessler graduated from the University of California, Los Angeles (UCLA) Anderson School of Management. UCLA Anderson manages many real estate-related programs through the Richard S. Ziman Center for Real Estate, which administers the Howard and Irene Levine Program in Housing and Social Responsibility.

The program leverages ULCA’s academic authority and core public education standing to improve quality of life for members of the community by addressing critical, current housing issues, ranging from urban housing market challenges and housing policy to the needs and outcomes of households with limited incomes and workforces. Activities hosted by the program increase student awareness of these challenges and promote public dialogue for the betterment of society. Core components of the program consist of educational initiatives such as a graduate course in affordable housing, annual housing summit, and a housing and sustainability fellowship.

The program sponsors the UCLA Distinguished Speaker Lecture in Affordable Housing, which offers students the chance to hear from leading industry scholars, authorities, and policy makers. Lectures explore current trends and critical issues affecting the development and preservation of affordable housing in California.

Introducing Esencia Apartments in Garland, Texas

Ashcroft Capital
Image: ashcroftcapital.com

Real estate professional Frank Roessler is the founder of Ashcroft Capital. Through his company, Frank Roessler manages multifamily real estate properties, including Esencia Apartments in Garland, Texas.

A landscaped residential community, the Esencia Apartments complex is a short drive from the Dallas metropolis and is surrounded by well-performing schools and major shopping locations. The community features amenities such as a swimming pool, a soccer field, a picnic area, a business center, and laundry facilities.

The Esencia community features one-, two-, and three-bedroom apartments with unique finishes, stainless steel appliances, and designer light fixtures. The one-bedroom apartments have one bathroom and are available in two floor plans: one at 618 feet and the other at 695 feet.

The two-bedroom apartments have two bathrooms and occupy either 890 or 926 square feet. The three-bedroom apartments also have two bathrooms and occupy either 1,053 or 1,061 square feet.