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Ashcroft Capital’s Buy of Norcross Multifamily Brings Its Atlanta Area Tally to 11
Multifamily investment firm Ashcroft Capital has acquired Halston Paces Crossing, a garden-style community at 4300 Jimmy Carter Boulevard in the Atlanta submarket of Norcross, GA. Birchstone Residential, Ashcroft Capital’s in-house property management company and construction affiliate, has assumed management.
The 260-unit Halston Paces Crossing (formerly Paces Crossing) becomes Ashcroft Capital’s 11th apartment community in metro Atlanta and marks the company’s third acquisition in Norcross.
“Since we first entered the Atlanta market in 2021, we have grown our presence there quickly but strategically by staying true to our investment underwriting standards and acquisition criteria,” said Frank Roessler, founder and CEO of Ashcroft Capital. “Atlanta is one of our core markets, and with almost 4,000 units owned our property and construction management teams now have strong economies of scale.”
Ashcroft Capital has acquired 54 communities comprising over 16,000 units and has over $2.6 billion in assets under management throughout several high-growth metros of the Sun Belt
- ◦Sale/Acquisition
