Ashcroft Capital CEO Frank Roessler recently sat down with MFE Magazine to discuss the current pace of investment sales. In the interview, Frank talks about when sales might pick back up, details why multifamily offers long-term appeal to investors, and shares Ashcroft’s current acquisition strategy.
Read the full article at MFE Magazine.
MFE: Do you see any reason to believe that there will be a long-term dip in investor interest in multifamily properties?
Roessler: I think multifamily is poised to attract strong investor interest over the long term. Whether we’re going through a rent-growth plateau or even a slight decline, the fundamentals still remain very strong compared with other asset classes.
In addition, the current cost of buying a home in a time of higher interest rates will support apartment demand, and the impact of a recession on renter demand could be relatively minimal. Generally speaking, companies have strong balance sheets, which should minimize layoffs during a downturn.
MFE: What is Ashcroft’s current acquisition strategy?
Roessler: We’re focused on good product. We haven’t acquired a community this year, but that doesn’t mean we aren’t looking for the right fit. The current climate can create opportunities for disciplined buyers with the ability to scour the markets and wait for the right property to come along. We don’t attempt to play real estate cycles. However, we do believe the next 12 to 18 months could present interesting opportunities in our target markets throughout the Sun Belt.
MFE Staff. “Q&A With Frank Roessler of Ashcroft Capital” MFE Magazine, 1 June, 2023, https://www.multifamilyexecutive.com/business-finance/business-trends/q-a-with-frank-roessler-of-ashcroft-capital_o.