News & Press Releases
Posted on November 16, 2021
Elevation Purchases Second Senior Property in Texas
Elevation Financial Group, a senior and multifamily affordable housing provider, announces the acquisition by Elevation Real Property Fund VII of Waldenbrooke Estates Senior Retirement Living and Waldenbrooke Court Senior Apartments. Situated in Bryan, Texas, just miles from Texas A&M University, the combined 180-unit senior property was purchased for $12.2 million. The property represents Elevation’s second […]
Posted on November 2, 2021
Elevation Announces Purchase of South Carolina Senior Property
Elevation Financial Group, a senior and multifamily affordable housing provider, announces the acquisition by Elevation Real Property Fund VII of Carolina Gardens Senior Living at West Columbia. Situated just miles from the bustling state capital of Columbia, the senior property was purchased for $4.75 million. The property represents Elevation’s return to South Carolina after the […]
Posted on May 12, 2021
Elevation Announces Purchase of Texas Senior Property
Elevation Financial Group, a senior and multifamily affordable housing provider, announces the acquisition by Elevation Real Property Fund VII of Lakeland Hills Senior Living. Ideally situated in the lake and garden district of east Dallas, Texas, the senior property was purchased for $8.45 million. The property represents Elevation’s first acquisition in the state of Texas. […]
Posted on April 30, 2021
Elevation Announces Sale of Alabama Multifamily Property
Elevation Financial Group, a senior and multifamily affordable housing provider, announces the successful disposition of Elevation Real Property Fund VI asset, Serenity Apartments at Huntsville. The 231-unit multifamily community sold for $13.25 million. Located in Huntsville, Alabama, the property was purchased in 2017 for $5.38 million. Elevation recognized the immense potential in the mix of […]
Posted on March 8, 2021
Elevation Announces Sale of Georgia Multifamily Property
Elevation Financial Group, a senior and multifamily affordable housing provider, announces the successful disposition of Elevation Real Property Fund VI asset, Serenity Apartments at Columbus. The 211-unit multifamily community sold for $13 million. Located in Columbus, Georgia, the property was purchased in July 2018 for $7.6 million and was 72% occupied. Elevation recognized the immense […]
Posted on December 4, 2020
Elevation Purchases Cape Cod Senior Property
Elevation Financial Group, a senior and multifamily affordable housing provider, announces the acquisition by Elevation Real Property Fund VII of Wingate Residences at Brewster Place. Ideally situated on the Cape Cod Bay in Brewster, Massachusetts, the senior property was purchased for $4 million. Initial construction of the 121,000 square foot property began in 1973, with […]