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New Deal


Announced

Ashcroft Capital to acquire Halston Four Corners and Halston World Gateway.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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apartment community

Domestic

Private Equity

Real Estate Holding and Development

Single Bidder

Friendly

Private

United States

Acquisition

Majority

Pending

Synopsis

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Ashcroft Capital, an investment firm, agreed to acquire Halston Four Corners and Halston World Gateway, two apartment communities. Financial terms were not disclosed. "We continue to be strong believers in the Orlando market, and we're excited to add these two core-plus communities to our portfolio. Both Halston Four Corners and Halston World Gateway put residents in prime position to take advantage of Orlando's thriving job market and wide range of entertainment options, and we believe our capital improvements will improve the quality of life for our residents and make each community a more desirable place to live. Our property management arm likes to focus on providing an exceptional resident experience, and that's exactly what we'll do here," Frank Roessler, Ashcroft Founder and CEO.

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