WINTER GARDEN, FLA. — Pearlmark and Ashcroft Capital have closed on a joint-venture acquisition of Birchstone Waterleigh, a 300-unit property in the Horizon West master-planned community near Winter Garden. The asset was built in 2023. It will be managed by Birchstone Residential, Ashcroft’s in-house property management and construction management company. The sales price was undisclosed. The seller was DHI Residential.
Birchstone Waterleigh, formerly known as Ascend Waterleigh Club, offers one-, two- and three-bedroom units. Amenities include a resort-style, saltwater pool with a poolside pavilion that has a wet bar and grills; a 24-hour gym with a Peloton room; an entertainment club room with arcade; and a cyber café with private offices and a conference room with a coffee and beverage station. The property also features an activity lawn with table tennis, a dog park and pet spa and electric-vehicle charging stations.