Ashcroft Capital Announces Acquisition of Birchstone Waterleigh
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Orlando ~ Winter Garden, Fla. - Ashcroft Capital, a leading multifamily investment firm, has announced its latest acquisition of Birchstone Waterleigh, a luxurious garden-style community located in Winter Garden. The community was built in 2023 and offers top-of-the-line amenities and services for its residents.

Birchstone Residential, Ashcroft Capital's in-house property management and construction management company, will now be providing services for the 300 apartment homes at Birchstone Waterleigh. This marks Ashcroft's second multifamily property in Winter Garden, following their acquisition of the adjacent Halston Waterleigh in late summer 2024. It also brings their total number of properties in metro Orlando to seven.

The Class-A community is situated in the highly sought-after 22,000-acre Horizon West master-planned community, which is known as one of the fastest-growing communities in the country. The acquisition was made possible through a joint venture with Temerity Strategic Partners and Pearlmark.

According to Frank Roessler, founder and CEO of Ashcroft Capital, Birchstone Waterleigh is a prime example of their commitment to acquiring high-quality assets. "This luxury community offers top-notch interior design and resort-style amenities," he said. "We are thrilled to add this property to our portfolio and remain bullish on Orlando's real estate market."

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Roessler also highlighted the strong demand for rental properties in Winter Garden and limited future apartment developments as key factors that make this acquisition an ideal opportunity for Ashcroft Capital.

Birchstone Waterleigh boasts an impressive list of amenities including a resort-style saltwater pool, coworking lounge, 24-hour fitness center, enclosed dog park, game lounge, outdoor barbecue grills and dining areas, parcel lockers with 24-hour access, EV charging station and housekeeping services. The one-, two- and three-bedroom homes range from 782 to 1,563 square feet and feature stainless steel appliances, hardwood-style flooring, full-size washers and dryers, modern lighting, ceiling fans, gray quartz counters and walk-in closets.

Scott Lebenhart, chief investment officer of Ashcroft Capital, shared the multiple reasons why they were drawn to Birchstone Waterleigh. "Aside from its obvious quality, the community is located in a submarket that will see limited competition due to its location in Horizon West and the restrictions of the master-planned community," he explained. "Additionally, its proximity to our other properties in the Orlando area will allow us to create operational efficiencies and economies of scale. And lastly, the community is situated in a top-rated school district which is a major draw for renters."

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Stephen Quazzo, CEO and co-founder of Pearlmark, also expressed his excitement about this joint venture with Ashcroft Capital. "Birchstone Waterleigh is a prime investment opportunity within the highly desirable Horizon West master plan," he said. "With its close proximity to Walt Disney World and top-rated schools, we are confident that this property will continue to thrive under Birchstone Residential's management."

This acquisition also marks the first time an Ashcroft community has been rebranded with "Birchstone" in its name. The company plans to continue this trend with future Class-A properties they acquire.

In addition to Florida, Ashcroft Capital owns communities in Texas, Georgia and North Carolina. The company is actively seeking opportunities in other Sun Belt markets as well.

With their latest acquisition of Birchstone Waterleigh, Ashcroft Capital continues to solidify their position as a leading multifamily investment firm with a strong focus on high-quality assets and exceptional customer service.
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