Frank Roessler is the managing principal of Ashcroft Capital, a real estate investment firm. Through Ashcroft Capital, Frank Roessler has acquired Park Place, a residential community in the suburbs of East Fort Worth, Texas. Built with a park-like setting, the multifamily Park Place community features expansive landscaped grounds and walking paths. The pet-friendly apartments are located next to popular Fort Worth shopping and dining spots. Park Place comprises 206 newly renovated one-, two-, and three-bedroom apartments. Four floor plans are available for the one-bedroom apartments, which occupy between 565 and 846 square feet. Two floor plans are available for the two-bedroom apartments, which occupy either 946 or 1,076 square feet. The three-bedroom apartments have two bathrooms and span 1,298 square feet. The Park Place apartments feature amenities such as ceiling fans, walk-in closets, private patios, balconies, and central heat and air conditioning. Select apartments have brushed nickel hardware, wood-burning fireplaces, and washer and dryer connections. Community amenities include a picnic area, a swimming pool, and two laundry facilities. An accomplished real estate investment executive, Frank Roessler brings more than a decade of experience to his role as the founder of Ashcroft Capital, LLC, a multifamily investment firm in Westwood, California. To prepare for this career, Frank Roessler earned an MBA from the UCLA Anderson School of Management. Founded in 1935, the UCLA Anderson School of Management routinely appears on lists of the top MBA programs in the United States. As part of the degree requirements, all MBA program participants must complete a global option. Students must choose from at least one of three curriculum streams to fulfill this requirement: 1. Global Immersion Courses. These four-week classes concentrate on the ins and outs of doing business in a specific foreign country, with each class concluding with a one-week immersion trip to the country of focus. Students can choose from classes focusing on countries in South America, Europe, the Middle East, Africa, and Asia. 2. International Applied Management Research Project. A capstone project in the MBA student’s degree journey, the applied management research project involves teams of students working together on projects that promote positive social change in international locations. 3. Global Management Elective Courses. These courses focus on management of topics and industries of global concern, such as global health care and global macroeconomics. Entrepreneur Frank Roessler is the founder of real estate investment firm Ashcroft Capital. As managing principal, Frank Roessler oversees the firm’s real estate investments such as Apex Apartments in Dallas, Texas. Located in Whitehurst, just minutes away from the DART Rail and Highway 635, Apex Apartments is a landscaped property featuring newly renovated one- and two-bedroom homes. The apartments have different floor plans to cater to the needs of individual tenants. Residents may choose among five different floor plans for one-bedroom homes, with dimensions ranging from 443 to 821 square feet, and among four different floor plans for two-bedroom homes, which fall between 871 and 1,240 square feet. The units boast eye-catching upgrades such as wood laminate flooring, quartz countertops, stainless steel appliances, and brushed nickel accents. The apartments also feature subway tile backlash and faux wood blinds. Property amenities include two resort-style pools, a dog park, playground, business center, outdoor fire pit and barbecue grill, and laundry facilities. Frank Roessler is a an experienced real estate investor who holds an MBA from the UCLA Anderson School of Management. Currently, Frank Roessler applies his skills in real estate as the managing principal and founder of Ashcroft Capital (additional information is available at www.ashcroftcapital.com/about/frank-roessler). Ashcroft Capitol, a real estate investment firm in Westwood, California, focuses on the acquisition of multifamily housing in United States urban areas. Multifamily housing is a form of residential real estate that is often purchased by investors, who typically apply a depreciation method to the property with regard to tax liabilities and deductions. Depreciation refers to the accounting process that lowers the value of an asset over time, with this loss in value being written off against income. The modified accelerated cost recovery system (MACRS) schedule for depreciation is often used by residential real estate owners. The most common form of depreciation under MACRS is the General Depreciation System (GDS). A declining balance method, GDS involves applying the rate of depreciation to the property’s remaining value that has not yet been depreciated. Under GDS, large amounts are depreciated in the initial years of a real estate investment. These amounts then decrease each year as the non-depreciated balance decreases. Frank Roessler is the founder of Ashcroft Capital, where he oversees investments in the multifamily housing market. As he and his staff renovate, rebrand, and tighten up operations at these properties, Frank Roessler plays a key role in increased economic investment into a community, a process sometimes referred to as “gentrification.” Commonly used in the derogatory sense, studies show that this “gentrification” process can actually benefit lower-income households in many ways. Below are a few highlights from recent research. A 2011 study discovered that lower-income residents do not appear to emigrate from gentrifying neighborhoods as dramatically as they did in the 1990s. Moreover, over the course of change, they tend to experience an increase in income. According to this study, these residents also report greater satisfaction with their neighborhoods as the change occurs. In another study, Chicago researchers discussed change in terms of numbers of neighborhood coffee shops. That is, they identified a gentrified or gentrifying community as one that saw a significant increase in this type of retailer. The study found that as the number of coffee shops went up, the number of violent crimes went down. This, in turn, poses a very real benefit for residents of all socio-economic backgrounds. |
AuthorAfter a decade’s career in real estate acquisitions and asset management in several major markets across the United States. Archives
November 2023
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