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Frank Roessler & Joe Fairless Of Ashcroft Capital Purchase Birchstone Waterleigh For $66.5M

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SOLD
$66,500,000

Florida

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MultiFamily
Sold 04/07/2025
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SOLD

Frank Roessler & Joe Fairless Of Ashcroft Capital Purchase Birchstone Waterleigh For $66.5M

9405 Ascend Falls Dr

See Similar Deals
MultiFamily
Sold 04/07/2025
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Summary

FLORIDA
Asset Type:MultiFamily
Transaction Type:Sale

The property asset involved in the transaction is the Birchstone Waterleigh apartment community located at 9405 Ascend Falls Drive, Winter Garden, FL. The community consists of 300 units, with a per unit price of $221,667. The transaction was completed for a sale price of $66,500,000.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $66,500,000
  • Units: 300
  • Price Per Unit: $221,667
  • Buyer: Frank Roessler & Joe Fairless - Ashcroft Capital
  • Seller: DHI Communities

Frank Roessler and Joe Fairless, representing Ashcroft Capital, acquired this multifamily property from DHI Communities. The Birchstone Waterleigh community features one- to three-bedroom units and offers resort-style amenities, prominently situated near Disney World in Orlando’s Four Corners neighborhood.

Players

4 deals$136.9M volume
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BUYER

Details

SOLD
IMAGE: Joe Fairless & Frank Roessler DATE: 04/07/2025 ADDRESS: 9405 Ascend Falls Drive MARKET: Winter Garden ASSET TYPE: Multifamily BUYER: Frank Roessler & Joe Fairless - Ashcroft Capital SELLER: DHI Communities SALE PRICE: $66,500,000 UNITS: 300 ~ PPU: $221,667 NOTE: Ashcroft Capital acquired the 300-unit Birchstone Waterleigh apartment community in Winter Garden, FL from DHI Communities for $66.5 million. The property features one- to three-bedroom units and resort-style amenities, and is located near Disney World in Orlando’s Four Corners neighborhood.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$3,546,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$236,260.45
Cash-on-Cash Return-1.27%
Monthly Debt Service$315,243.93
Annual Debt Service$3,782,927.12