News & Press Releases
Posted on September 8, 2020
Elevation Sells Montgomery Multifamily Townhome Property
Elevation Financial Group, a provider of senior and multifamily affordable housing, announces the disposition of Elevation Real Property Fund V asset, Serenity Townhomes at Montgomery. The 192-unit multifamily community sold for $6.9 million and represents the disposition of the final asset in Fund V. Purchased in 2015 for $3.45 million, Serenity Townhomes saw a substantial […]
Posted on August 21, 2020
Elevation Announces Sale of Montgomery Senior Property for $4.8 Million
Elevation Financial Group, a provider of senior and multifamily affordable housing, is pleased to announce the sale of Elevation Real Property Fund VI asset, Serenity Apartments at Bell Oaks. The 98-unit 55+ independent senior property sold for $4.8 million. Elevation purchased the Montgomery, Alabama, property in December 2017 for $2.1 million. When purchased by Elevation, […]
Posted on June 3, 2020
Elevation Announces Acquisition of Senior Memphis Community
Elevation Financial Group announces the acquisition by Elevation Real Property Fund VII of Kennington Pointe, a 155-unit senior property located in Memphis, Tennessee. The $2.2 million purchase represents the seventh acquisition by the fund in the past ten months and is the latest example of Elevation’s mission to create and support quality affordable housing in […]
Posted on March 27, 2020
Elevation Announces Sale of Alabama Multifamily Property for $5.28 Million
Elevation Financial Group, a provider of multifamily and senior affordable housing, is pleased to announce the sale of Elevation Real Property Fund V asset, Serenity Apartments at the Park. The 176-unit multifamily property located in Montgomery, Alabama, sold for $5.28 million. With this sale, Fund V experienced a healthy profit reflective of Elevation’s initial acquisition […]
Posted on March 4, 2020
Elevation Raises $43.4 Million in its Seventh Fundraise
Elevation Financial Group, a provider of multifamily and senior affordable housing, recently closed its seventh fundraise with $43.4 million raised. Elevation Real Property Fund VII, LLC (The Apollo Fund) launched at a summit event in May 2019 with significant investor interest and saw unprecedented support from past and current Elevation investors, as well as new […]
Posted on December 23, 2019
Elevation Announces Largest Property Acquisition in Company History
Expands into Indiana with the purchase of 496-unit senior property Elevation Financial Group is pleased to announce the acquisition by Elevation Real Property Fund VII of Crestwood Village East for a purchase price of $20 million or $40,300 per unit. The transaction represents Elevation’s first purchase in the state of Indiana. It is also the […]