After a decade’s career in real estate acquisitions and asset management in several major markets across the United States, Frank Roessler founded Ashcroft Capital, a multifamily investment firm seeking low-risk acquisitions with superior growth potential for institutional and high-net-worth investors. Ashcroft targets value-added properties of 100 units or more in economically stable metropolitan areas with projected average annual returns of 8 to 10% percent.
Under Frank Roessler’s leadership, Ashcroft Capital’s premiere acquisition was Woodglen Village, a 250-unit property located in Houston, Texas. The business plan on this asset is to renovate each unit while growing revenue by 10% annually over the first two years and maintaining an occupancy level of 94% or greater.
Growing his real estate portfolio steadily, Ashcroft’s second strategic acquisition was the Alara Apartments, a 155-unit stabilized Class B apartment community in Houston. The business plan on this asset it to renovate, reposition and refinance a substantial portion of investor equity within the first 24 months of ownership.
In his professional career, Frank has overseen the acquisition of institutional properties worth over $300 million, and has run asset management over a portfolio of assets worth over $425 million, encompassing over 5,000 units.
An electrical engineering graduate from Bucknell University and the holder of an MBA from the Anderson School of Management at UCLA, Frank Roessler enjoys running and hiking when not in the office.