Elevest Capital Announces Completion of Fund 58: A 144-Unit Class B Multifamily Acquisition in Charlotte, NC

Whats Happening:

Elevest Capital, a boutique private equity firm, has successfully completed Fund 58 with the acquisition of a 144-unit Class B multifamily property in Charlotte, NC. The fund aims to enhance the property's value through unit modernizations, upgraded amenities, and operational improvements. This acquisition aligns with Elevest Capital's strategy of investing in high-growth markets with strong economic fundamentals.

Key Moves:

• Elevest Capital completes Fund 58 with 144-unit multifamily acquisition in Charlotte

• Property to undergo comprehensive value-add program

• Acquisition aligns with strategy of targeting assets in dynamic markets

By The Numbers:

• 144-unit Class B multifamily property acquired

• Located in Charlotte, NC

• Fund 58 fully funded and closed

Key Quotes:

• "Our ability to fully fund and close on Fund 58 underscores the strength of our investor network and the demand for well-positioned multifamily assets," - Adam Williams, Founder and CEO of Elevest Capital

• "This acquisition embodies our investment philosophy, targeting assets in dynamic markets with strong fundamentals," - Dana Williams, COO of Elevest Capital

Bottom Line:

Elevest Capital's successful completion of Fund 58 with the acquisition of a 144-unit multifamily property in Charlotte demonstrates the fund's commitment to delivering high-quality housing and strong returns for investors. The planned value-add program and focus on a high-growth market position this investment for potential long-term value creation.

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