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Ashcroft Capital has acquired four apartment communities totaling 1,080 homes in the Atlanta, GA metro.

Ashcroft Capital Acquires Four Apartment Communities Around Atlanta

Ashcroft Capital has acquired four apartment communities totaling 1,080 homes in the Atlanta, GA metropolitan area. Birchstone Residential, Ashcroft Capital’s in-house property management company, has assumed management of the communities.

  • Halston McDonough (formerly Carrington Green) in McDonough
  • Halston South Point (formerly Villas at Southpoint) in McDonough
  • Halston Shiloh Valley (formerly Shiloh Valley Overlook) in Kennesaw
  • Halston Harris Bridge (formerly Harris Bridge Overlook) in Dallas

“In spite of capital market fluctuations, we remain bullish on multifamily based on the current and projected fundamentals within our Sun Belt metros,” said Frank Roessler, founder and CEO of Ashcroft. “Additionally, this portfolio had a very strong history of institutional ownership, and the previous regime handed them off to us with minimal deferred maintenance.”

“All four of these assets are highly desirable given the quality and characteristics of the properties,” said David Deitz, president of Birchstone. “They will fit seamlessly into our portfolio, and we believe our in-home renovations and modernization of property features will elevate each community in the pecking order of their respective submarkets.”

With the new acquisitions, Ashcroft now has 10 communities in metropolitan Atlanta.Photo: Halston South Point


Inside The Story

Ashcroft Capital's Roessler

About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.

  • ◦Sale/Acquisition
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