News & Press Releases
Posted on February 6, 2019
King Brothers Position Elevation for Exciting Growth
Elevation has kicked off the new year with a bang. Company founder and visionary Chris King has returned in a full-time capacity as CEO after fiercely competing as Florida’s Democratic Nominee for Lieutenant Governor in 2018. He returns to Elevation with exciting new vision, relationships and expertise to dramatically grow the profitability and missional impact […]
Posted on January 22, 2019
Elevation Financial Group Announces Sale of Louisiana Property for $15.5 Million
Elevation Financial Group, provider of senior and multifamily affordable housing, is pleased to announce the disposition of Serenity Apartments at Baton Rouge, an Elevation Real Property Fund V asset. The 328-unit multifamily community sold for $15.5 million or $47,256/unit. Located in Baton Rouge, Louisiana, Elevation purchased the property in August 2016 for $4 million or […]
Posted on November 20, 2018
Elevation Financial Group Announces Acquisition of 207-Unit Property in Mississippi
Elevation Financial Group, LLC is pleased to announce the acquisition by Elevation Real Property Fund VI, LLC of Cypress Point Apartments for a purchase price of $6.4 million or $30,942/unit. Located in Jackson, Mississippi, the 207-unit property consists of a wide variety of spacious unit types with square footage ranging from 420 to 1,355 square […]
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Posted on August 17, 2018
Elevation Financial Group Announces Sale of Alabama Multifamily Property for $6.85 Million
Elevation Financial Group, LLC, provider of affordable multifamily and senior housing, is pleased to announce the disposition of Elevation Real Property Fund V asset, Serenity Apartments® at Mobile. The 152-unit multifamily community sold for $6.85 million or $45,065 per unit. Located near downtown Mobile, Alabama, the property was acquired in December 2015 for a purchase […]
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Posted on July 20, 2018
Elevation Financial Group Expands Into Georgia With The Purchase Of 209-Unit Multifamily Property
Elevation Financial Group, LLC is pleased to announce the acquisition by Elevation Real Property Fund VI, LLC of Holly Hills Apartments and Townhouses for a purchase price of $7.6 million or $36,363/unit. Located in Columbus, Georgia, the 209-unit property features a wide variety of unit types with square footage ranging from 375 to 1,600 square […]
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Posted on December 21, 2017
Elevation Financial Group Announces Disposition Of Columbia, South Carolina Property For $19.3 Million
Elevation Financial Group, LLC is pleased to announce the disposition of Serenity Apartments at Three Rivers, an Elevation Real Property Fund V asset. The 419-unit multifamily community, located in Columbia, South Carolina, sold for a purchase price of $19.3 million, or $46,000/unit. Elevation purchased the apartment community in September 2014 for $8 million, or $19,093/unit, […]