SCOTTSDALE, Ariz., Dec. 31, 2025 — Elevest Capital, a boutique private equity firm focused on multifamily real estate, is pleased to share the successful finalization of Fund 63 through the acquisition of a 97-unit B+ class multifamily property in the Raleigh-Durham MSA, in collaboration with Rise48 Equity. This latest purchase underscores Elevest Capital’s ongoing commitment to sourcing high-quality assets that deliver strong investment prospects and contribute to community enhancement.
Constructed in 1987, the property is strategically positioned within a thriving submarket of one of the Southeast’s fastest-growing metropolitan areas. It offers compelling value-add potential via unit renovations and targeted amenity upgrades. Currently, it benefits from healthy occupancy levels and is supported by robust fundamentals, including an expanding job base, sustained population growth, and steady rental demand.
“Our ability to successfully close Fund 63 highlights the enduring strength of our investor base and their confidence in our investment strategy,” stated Adam Williams, Founder & CEO of Elevest Capital. “The Raleigh-Durham region continues to attract both residents and businesses, making it a valuable addition to our portfolio.”
To drive long-term value and enhance the resident experience, extensive plans are in place to execute a comprehensive renovation program focused on updating unit interiors, installing in-unit washers and dryers, and improving community amenities. These strategic enhancements aim to boost occupancy, support rental growth, and maximize returns for investors.
“This acquisition reflects our dedication to identifying high-quality assets with strong value-creation potential,” said Dana Williams, President of Elevest Capital. “By implementing a strategic renovation plan and leveraging proven management expertise, we believe the property is well-positioned to deliver long-term benefits for residents while generating attractive returns for our investor partners.”
About Elevest Capital
Elevest Capital is a private equity firm specializing in multifamily real estate investments in high-growth markets. With a hands-on approach and deep market knowledge, the firm provides investors with curated opportunities to build generational wealth through institutional-grade assets.
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Contact Information:
Kendall Johnson
(480) 534-7066
SOURCE Elevest Capital