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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, […]