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Alternative Assets  + Real Estate  |  January 8, 2026
Elevest Capital Closes Fund 64 with Charlotte Multifamily Acquisition 
Joe Palmisano
By: Joe Palmisano

Elevest Capital Closes Fund 64 with Charlotte Multifamily Acquisition 

Elevest Capital, a boutique private equity firm focused on multifamily real estate, announced the completion of Fund 64 in partnership with Rise48 Equity, marked by the acquisition of a 240-unit B+ multifamily community in Charlotte, North Carolina built in 1999.  

“Closing Fund 64 and acquiring this asset highlights the strength of our investment strategy and the value we bring to investors,” said Adam Williams, Founder & CEO of Elevest Capital. “Charlotte continues to demonstrate strong economic momentum, making this property a standout addition to our portfolio.” 

To unlock additional value, there will be swift execution of a comprehensive value-add strategy centered on unit modernizations and amenity enhancements. These targeted improvements are intended to drive occupancy and support rental growth. 

“This investment exemplifies our disciplined approach to multifamily investing, targeting assets with clear value-creation pathways in high-demand markets,” added Dana Williams, President of Elevest Capital. 

Pictured: Multifamily community in Charlotte, North Carolina 

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About Joe Palmisano

Joe Palmisano is editorial director of Connect Money, where he oversees daily coverage of alternative assets, direct investments, financial advisory and the economy. He brings three decades of experience as a financial journalist, analyst and portfolio manager. Before joining Connect Money, Palmisano wrote for The Wall Street Journal, covering foreign exchange, global fixed-income and equity markets. He later served as a senior research analyst and portfolio manager, producing market analysis and managing foreign exchange and U.S. equity portfolios for FX Concepts. His work has also appeared in SFO Magazine and CMT Association publications. Palmisano earned a bachelor’s degree in finance from The American University and holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.
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