Ashcroft Capital Acquires 412-Unit Apartment Property in Lawrenceville
Multifamily investment firm Ashcroft Capital has acquired Halston Riverside, a 412-unit, garden-style apartment community in the Atlanta suburb of Lawrenceville. The sales price and seller was not disclosed.
Located at 1000 Duluth Highway, near I-85 and Highway 316, Halston Riverside is nearby both Atlanta and Athens, GA. Located 30 miles northeast of downtown Atlanta, the community features 412 apartment homes and offers residents close proximity to schools, restaurants and entertainment venues as well as abundant outdoor recreational activities. Birchstone Residential, Ashcroft Capital’s in-house property management company, has assumed management of the community.
Amenities include package lockers, controlled gate entry, four resort-style pools with waterfalls, a playground, barbecue grills with picnic areas, a fitness center and a new cyber lounge. Ashcroft plans to implement a series of in-unit renovations at the community, which will include quartz countertops, undermount sinks, stainless steel appliances, tile backsplashes in kitchens, vinyl plank flooring and new cabinet fronts.
David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector.
Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA.
David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.