Ashcroft Capital Acquires Birchstone Cedar Ridge in Dallas

Ashcroft Capital has completed its acquisition of Birchstone Cedar Ridge, a luxury garden-style community located in the Dallas-Fort Worth Metroplex. The announcement was made on December 15, 2025, marking a significant addition to Ashcroft’s growing portfolio in this prime market.

Birchstone Cedar Ridge, previously known as Jefferson Cedar Ridge, comprises 360 apartment homes and is the firm’s 20th multifamily property in the Dallas-Fort Worth area. This acquisition was achieved through a joint venture that includes Pearlmark Real Estate and Temerity Strategic Partners. It also represents the second collaboration between Ashcroft and Pearlmark in 2025.

Strategic Expansion in a Competitive Market

Located at 6165 Ridge Center Drive, Birchstone Cedar Ridge was built in 2024 and features a range of amenities designed to attract residents. The community offers one-, two-, and three-bedroom homes with sizes ranging from 660 to 1,541 square feet. Noteworthy amenities include a resort-style pool, an outdoor kitchen with grilling areas, a 24-hour fitness center, and a community clubhouse.

Frank Roessler, founder and CEO of Ashcroft Capital, expressed enthusiasm about the acquisition. “We are excited to expand our Birchstone brand with the acquisition of Cedar Ridge apartments,” he stated. “This property fits well within our investment strategy, targeting luxury communities at a strong discount to replacement cost.” Roessler emphasized that properties like Cedar Ridge enhance customer service, which is essential for driving rent growth and retention.

The homes at Birchstone Cedar Ridge are equipped with modern features such as undermount kitchen sinks, granite countertops, and smart thermostats. The community also provides residents with flexible payment options, furnished apartments, and various services including pet and housekeeping assistance.

Impact on Local Community and Investment Strategy

Scott Lebenhart, chief investment officer of Ashcroft, highlighted the community’s prime location, which boasts access to shopping, award-winning schools, museums, and parks. “Birchstone Cedar Ridge is an outstanding addition to our portfolio,” he noted. “Its onsite features should serve to attract and retain residents.”

With a strong presence in the Dallas-Fort Worth area, Ashcroft anticipates that Birchstone Cedar Ridge will benefit from the firm’s operational efficiencies, resulting in improved service delivery to residents.

Stephen Quazzo, CEO and co-founder of Pearlmark, praised the collaborative effort in acquiring such a high-quality asset. “This is truly a best-in-class asset that offers a unique resident experience in this submarket,” he said, reinforcing the belief that the property will perform exceptionally well under Ashcroft’s management.

Ashcroft Capital, established in 2015, currently manages multifamily assets valued at approximately $2.9 billion, totaling over 14,500 units across several fast-growing metropolitan areas in the Sun Belt, including Texas, Florida, Georgia, and North Carolina. The firm is actively looking to expand its footprint in additional markets.

Birchstone Residential, the property management arm of Ashcroft, is dedicated to maximizing financial returns while ensuring high levels of resident satisfaction. This commitment aligns with Ashcroft’s overall strategy to enhance the living standards of residents in the communities it manages.

As Ashcroft Capital continues to pursue growth in the multifamily sector, the acquisition of Birchstone Cedar Ridge positions the firm to leverage its expertise and resources in a competitive housing market, further solidifying its status as a key player in the real estate landscape of the United States.