Ashcroft Capital, a fully integrated multifamily investment firm, has expanded its presence in Florida with the acquisition of Halston Waterleigh, a luxury garden-style community situated in metropolitan Orlando. This marks the company’s 11th property within the state and its fifth within the Orlando metro area, showcasing their commitment to the region’s flourishing real estate market.
Halston Waterleigh, formerly known as Braxton Waterleigh, offers residents 354 meticulously designed apartment homes, ranging from one to three bedrooms, and spanning between 769 to 1,484 square feet. The community, built in 2021, boasts a range of luxurious amenities, including a heated saltwater pool with cabanas, a spacious fitness center, a resident clubhouse, an outdoor kitchen and grill area, an on-site pet wash and pet park, a sand volleyball court, a playground, EV charging stations, and digital package lockers. Each apartment features modern conveniences like stainless steel appliances, wood-style flooring, granite countertops, and pendant lighting.
This strategic acquisition is driven by Ashcroft Capital’s commitment to securing high-quality assets in rapidly growing markets. Frank Roessler, founder and CEO of Ashcroft, highlighted the attractive nature of Halston Waterleigh, stating, “The window to acquire attractive assets such as Halston Waterleigh at a significant discount to replacement cost is closing, so we are fortunate to add a property with such high construction quality to our portfolio at a great basis.”
Halston Waterleigh’s strategic location within the 22,000-acre Horizon West master-planned community further solidifies its desirability. Scott Lebenhart, chief investment officer of Ashcroft Capital, emphasizes the community’s prime location, stating, “Being in the Horizon West master-planned community within Winter Garden, residents of Halston Waterleigh have access to top-rated schools, nearby retail and enticing amenities. In a challenging environment for acquisitions, this property is the quintessential buying opportunity that Ashcroft is seeking.”
Situated moments west of Florida State Route 429 and less than four miles northwest of Walt Disney World, Halston Waterleigh offers residents convenient access to Orlando’s popular entertainment and employment destinations. Its location 13 miles south of Winter Garden’s historic downtown area, situated on the southern edge of Lake Apopka, the state’s fourth-largest lake, further enhances the community’s appeal.
JoAnn Blaylock, president of Birchstone Residential, Ashcroft Capital’s in-house property management and construction management company, expressed enthusiasm about the acquisition, stating, “Halston Waterleigh possesses a resort-style vibe and offers all the comforts of the modern living experience.” Birchstone is committed to providing an unmatched service level that will enhance the residents’ experience.
This acquisition strengthens Ashcroft Capital’s position as a leading multifamily investment firm, expanding its national portfolio to over 14,000 homes across Texas, Georgia, North Carolina, and Florida. The company is actively pursuing additional markets in the Sun Belt, demonstrating its commitment to growth and innovation within the real estate industry.
