Ashcroft Capital JV acquires Halston Lakeside in Florida
Ashcroft Capital announced the acquisition of Halston Lakeside, a garden-style community in Sarasota, Fla. 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 (formerly Advenir at Gateway Lakes), which was initially built in 1996, features 358 apartments and offers 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 s