Ashcroft Capital JV acquires garden-style community in Florida
Transactions - OCTOBER 10, 2023

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Ashcroft Capital JV acquires garden-style community in Florida

by Denise Moose

Ashcroft Capital announced the acquisition of Halston Lakeside, a garden-style community in one of the fastest-growing regions on the Gulf Coast. Birchstone Residential, Ashcroft Capital's in-house property management company and construction affiliate, has assumed management of the community.

The acquisition was completed through a new joint venture partnership with Iviron Capital.

Halston Lakeside, which was initially built in 1996, features 358 apartment homes offering one-, two- and three-bedroom homes with an average unit size of 968 square feet. Existing amenities include a resort-style swimming pool, resident clubhouse and business center, fitness center, picnic areas, playground, dog park and sports court.

Ashcroft's renovation efforts will include a complete update and modernization of the amenity spaces, adding EV charging stations, improved curb appeal and upgrades to landscaping and signage. In-home renovations will include the additions of stainless

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