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Alternative Assets  + Real Estate  | 
Elevest Capital Closes Fund 64 with Charlotte Multifamily Acquisition 

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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Elevest Capital

About Joe Palmisano

Joe Palmisano is Editorial Director for Connect Money, where he brings nearly three decades experience of market insights as a financial journalist, analyst and senior portfolio manager for leading financial publications, advisory firms, and hedge funds. In his role as Editorial Director, Joe is responsible for the selection of content and creation of daily business news covering the financial markets, including Alternative Assets, Direct Investment and Financial Advisory services. Before joining Connect Money, Joe was a financial journalist for the Wall Street Journal, regularly publishing feature stories and trend pieces on the foreign exchange, global fixed income and equity markets. Joe parlayed his experience as a financial journalist into roles as a Senior Research Analyst and Portfolio Manager, writing daily and weekly market analysis and managing a FX and US equity portfolio. Joe was also a contributing writer for industry magazines and publications, including SFO Magazine and the CMT Association. Joe earned a B.S.B.A. in Finance from The American University. He holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.

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