Ashcroft Capital, LLC, founder Frank Roessler began his career with a degree in electrical engineering from Bucknell University and an MBA in real estate finance from the Anderson School of Management at the University of California, Los Angeles. Frank Roessler’s company, Ashcroft Capital, specializes in multi-family real estate investment.
Multi-family real estate refers to properties such as apartment buildings that house more than one family unit. Single-family properties refer to a house or a condo intended to house just one family unit.
Multi-family real estate properties may indeed be a wise investment for changing times. The current generation of potential renters or homebuyers is having a more difficult time achieving high-paying jobs than the previous generation, and it has some of the highest levels of debt from student loans of any preceding generation. A full 57 percent of those currently under the age of 34 in the United States are renters. This generation is much more likely to rent in a multi-family unit than to buy a single-family home.
Ashcroft’s strategy is to acquire multi-family properties and add value through renovations and improving operations. Since the company was founded in 2014, it has acquired properties all over the U.S., especially in metropolitan centers with low vacancy rates and consistent rent growth. A recent success was the Woodglen Village Apartment complex, which has exceeded its projected return expectations and maintains occupancy above 95 percent.