SCOTTSDALE, Ariz., Oct. 2, 2025 /PRNewswire/ — Elevest Capital, a privately held real estate investment firm specializing in multifamily assets, is excited to announce the closing of Fund 61, completed in partnership with Rise48 Equity through the acquisition of a 154-unit Class B+ apartment community in Mesa, Arizona. The transaction strengthens their presence across the Sunbelt and underscores its commitment to growth in dynamic, high-demand markets.
Ideally positioned in a strong B+ submarket, the property benefits from Mesa’s robust population growth, diverse employment base, and steady rental demand. This acquisition provides a prime opportunity to enhance long-term value while delivering consistent cash flow from day one.
“We’re thrilled to expand into Mesa with a property that checks every box, location, quality, and growth potential,” said Adam Williams, Founder and CEO of Elevest Capital. “Partnering with Rise48 Equity brings an added level of operational expertise that aligns perfectly with our vision for creating both investor value and exceptional resident experiences.”
As owner and operator, Rise48 Equity will spearhead a targeted renovation program designed to upgrade interiors, modernize amenities, and streamline operations. These improvements are intended to elevate the resident lifestyle and optimize the property’s performance over the long term.
“This collaboration represents our focus on forging strong partnerships that benefit all investors,” said Dana Williams, COO of Elevest Capital. “Rise48 Equity’s proven ability to execute thoughtful renovations and enhance community spaces will be instrumental in unlocking the property’s full potential.”
About Elevest Capital
Elevest Capital is a Scottsdale-based private equity firm specializing in multifamily investments across growth-oriented U.S. markets. With a disciplined investment approach and a commitment to hands-on asset management, Elevest delivers curated opportunities for investors seeking stable, long-term returns through real estate.
Learn more at www.elevestcapital.com or CLICK HERE TO BOOK A CALL.
Contact Information
[email protected]
(480) 534-7066
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SOURCE Elevest Capital
