Ashcroft Capital acquired Birchstone Cedar Ridge, a garden-style community in Dallas built in 2024. The acquisition was completed through a joint venture that includes Pearlmark Real Estate and Temerity Strategic Partners. The seller was TDI.

The property (formerly Jefferson Cedar Ridge) features 360 apartment homes and becomes Ashcroft’s 20th multifamily property in the Dallas-Fort Worth metroplex. 

Frank Roessler, founder and CEO of Ashcroft, added, “We are targeting luxury communities in our metros at a strong discount to replacement cost.”   

Located at 6165 Ridge Center Drive, Birchstone Cedar Ridge features one-, two- and three-bedroom homes ranging from 660 to 1,541 square feet. Community amenities include a pool with cabanas, outdoor kitchen and grill areas, enclosed dog park, 24-hour fitness center, business center, EV-charging station, 24-hour emergency maintenance service and community clubhouse.

In addition to Texas, Ashcroft owns communities throughout Florida, Georgia and North Carolina. The company is actively pursuing additional markets in the Sun Belt.