Ashcroft Capital Acquires Birchstone Waterleigh in Winter Garden, Florida

Whats Happening:

Ashcroft Capital has acquired Birchstone Waterleigh, a 300-unit luxury apartment community in Winter Garden, Florida. This Class-A property, built in 2023, is located in the fast-growing Horizon West master-planned community. The acquisition marks Ashcroft's second property in Winter Garden and seventh in metro Orlando, expanding its presence in central Florida.

Key Moves:

• Ashcroft Capital acquires 300-unit Birchstone Waterleigh in Winter Garden, Florida

• Property is located in the 22,000-acre Horizon West master-planned community

• Acquisition completed through joint venture with Temerity Strategic Partners and Pearlmark

By The Numbers:

• Birchstone Waterleigh features 300 apartment homes

• Ashcroft now owns 7 properties in metro Orlando

• Ashcroft has $2.9 billion in multifamily assets, totaling over 14,000 units

Key Quotes:

• "Birchstone Waterleigh is a Class-A luxury community with high-end interior design and resort-like amenities," said Frank Roessler, founder and CEO of Ashcroft.

• "This acquisition is another step in our ongoing pursuit of high-quality assets, and we could not be more excited to add this property to our portfolio."

• "We continue to remain bullish on Orlando in general and Winter Garden in particular."

Bottom Line:

Ashcroft Capital's acquisition of Birchstone Waterleigh strengthens its position in the Orlando market, particularly in the high-growth Winter Garden area. The fund's focus on Class-A properties in prime submarkets aligns with its strategy of optimizing asset value and enhancing resident living standards. This move reflects Ashcroft's confidence in the Orlando market's strong renter demand and limited future apartment supply.

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