Elevest Capital, a boutique private equity firm specializing in multifamily real estate, announces the successful completion of Fund 58 with the acquisition of a 144-unit Class B multifamily property in Charlotte, NC. This milestone reflects Elevest Capital's ongoing commitment to delivering high-quality housing and strong returns for investors.
Located in a sought-after submarket, the property benefits from Charlotte's strong economic fundamentals, including job growth, population expansion, and rising rental demand. With modern amenities and a stable tenant base, it aligns perfectly with Elevest Capital's strategy of acquiring value-driven assets in high-growth markets.
“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,” said Adam Williams, Founder and CEO of Elevest Capital. “Charlotte continues to thrive, making this an excellent addition to our portfolio.”
To enhance long-term value, Elevest Capital plans a comprehensive value-add program, including unit modernizations, upgraded amenities, and operational improvements. These strategic upgrades will increase occupancy, drive rental growth, and maximize tenant satisfaction.
“This acquisition embodies our investment philosophy, targeting assets in dynamic markets with strong fundamentals,” said Dana Williams, COO of Elevest Capital. “By enhancing unit interiors, upgrading common spaces, and leveraging technology-driven management, we aim to create a high-quality living experience while optimizing returns.”
About Elevest Capital
Elevest Capital is a private equity firm focused on multifamily real estate investments in high-growth markets. With a hands-on approach and deep market expertise, the firm provides investors with curated opportunities to build generational wealth through institutional-grade assets.
Learn more at www.elevestcapital.com or CLICK HERE TO BOOK A CALL
Contact Information:Andie Whitecontact@alphaprfirm.com(602) 478-7982
https://c212.net/c/img/favicon.png?sn=LA35864&sd=2025-03-07
View original content:https://www.prnewswire.com/news-releases/elevest-capital-announces-completion-of-fund-58-a-144-unit-class-b-multifamily-acquisition-in-charlotte-nc-302395283.html
SOURCE Elevest Capital
https://rt.newswire.ca/rt.gif?NewsItemId=LA35864&Transmission_Id=202503071032PR_NEWS_USPR_____LA35864&DateId=20250307