Ashcroft Capital announces commitment of growth capital from Temerity Strategic Partners
Ashcroft Capital has entered into a strategic venture with Temerity Strategic Partners (TSP) that provides Ashcroft with $50 million of growth capital. The capital is expected to support an estimated $1.5 billion of acquisitions over the next two to three years, as Ashcroft expands its Sun Belt portfolio.
“We are excited to have this capital and backing from Temerity Strategic Partners as we position ourselves to benefit from the dislocation and repricing taking place in the market. We look forward to continuing to build our portfolio and delivering on our promise of improving the quality of life of the residents at each of our communities,” said Frank Roessler, founder and CEO of Ashcroft. “The founders of Temerity Strategic have been instrumental in the growth and success of many of the largest real estate operators in North America and across all asset classes. We expect that with Temerity Strategic as our partner we will continue to scale the Ashcroft platform.”