#United States #Mesa #Elevest Capital #Mesa Arizona #Rise48 Equity

Elevest Capital Partners with Rise48 Equity

Elevest Capital, a prominent real estate investment firm, has officially closed Fund 61 alongside Rise48 Equity. This collaboration led to the acquisition of a 154-unit Class B+ apartment complex in Mesa, Arizona, reinforcing their growth strategy in the thriving Sunbelt markets. The deal is not just about expanding their portfolio but also highlights their commitment to investing in dynamic and high-demand areas.

Strategic Significance of the Acquisition

The chosen property is situated in a highly sought-after B+ submarket characterized by robust population growth and a diverse employment landscape in Mesa. This location has consistently demonstrated strong rental demand, providing Elevest Capital an exceptional opportunity to realize long-term value while ensuring reliable cash flow from the outset. CEO Adam Williams expressed his enthusiasm about the move into Mesa. He stated, “This property checks every box – location, quality, and growth potential.”

The partnership with Rise48 Equity adds a significant operational advantage, as Dana Williams, COO of Elevest Capital, noted. The collaboration will leverage Rise48’s operational expertise to implement a tailored renovation plan aimed at modernizing the property’s interiors and amenities, optimizing overall operations. These improvements are designed to enhance residents’ living experiences and increase the property's market potential over time.

Future Plans for the Property

As the managing entity, Rise48 Equity will spearhead efforts to upgrade both the interiors and common areas, streamlining operational methods to improve functionality and lifestyle quality for residents. Dana Williams emphasized the importance of building strong alliances, stating, “This partnership aims to benefit all investors while focusing on thoughtful renovations that enhance community spaces, unlocking the property’s full potential.”

Elevest Capital's Mission

Founded in Scottsdale, Elevest Capital specializes in multifamily investments in growing U.S. markets. With their disciplined investment approach, they are dedicated to providing curated and stable long-term returns for investors. They pride themselves on hands-on asset management and a commitment to redefining investor experiences in the multifamily space.

For those who want to learn more about Elevest Capital and their investment strategies, more information is available on their official website, Elevest Capital.

Conclusion

The acquisition of the Mesa property represents a strategic milestone for Elevest Capital and Rise48 Equity, showcasing their agility and a keen eye for valuable investment opportunities in the ever-evolving real estate market. This partnership is poised to elevate the living standards of residents while simultaneously benefitting their investors through robust management and a forward-thinking renovation strategy.