Elevest Capital Launches Fund 70, a 229 Unit High-Rise Multifamily Offering in Downtown Dallas

The Firm's 70th acquisition carries a 6.4% going-in cap rate, the highest across all Elevest Capital funds to date.

SCOTTSDALE, Ariz., Sept. 28, 2026 /PRNewswire/ -- Elevest Capital, a Scottsdale-based private equity firm focused on passive multifamily real estate investing, today announced the launch of Fund 70, a 229 unit, 35 story high-rise apartment community in an A+ location in Downtown Dallas, Texas.

Built in 2007, the property has maintained 90%+ physical occupancy for the past 10 years and is currently 93% occupied, with no rental concessions offered over the past 12 months.

"Fund 70 is exactly the kind of asset we look for: a well-located, well-occupied property with a track record of stability," said Adam Williams, Founder and CEO of Elevest Capital. "Buying at a 6.4% cap rate in an A+ downtown location is rare, and it's the highest going-in cap rate we've ever purchased across all of our funds. For our investors, that means a strong starting point for both cash flow and long-term appreciation."

Offering Highlights

The property is being acquired for $42 million, with approximately $19.1 million in total equity. Targeted terms include an 8.0% preferred return, 85/15 LP/GP split, 15.6% projected IRR, 2.01x projected equity multiple, and 4.0% targeted average cash flow.

The anticipated hold period is two to five years, with a projected 5.25% exit cap rate and a $200,000 minimum investment. Monthly cash flow distributions are anticipated to begin 60 to 90 days after closing.

About Elevest Capital

Elevest Capital is a private equity firm helping busy professionals and accredited investors build wealth through passive ownership of institutional-quality multifamily real estate. Guided by its tagline, "Real Estate Investing... Simplified," the firm focuses on disciplined capital allocation and long-term investor relationships. Elevest Capital completed nine multifamily acquisitions in 2025, and Fund 70 represents its sixth offering of 2026.

Learn more at elevestcapital.com.

Media Contact

Elevest Capital
(480) 534-7066
[email protected] 
15125 N. Scottsdale Rd., Ste. 201, Scottsdale, AZ 85254

For informational purposes only. Not an offer to sell or solicitation to buy securities. Offers are made only through official offering documents detailing investment risks, fees, and objectives. All returns are targeted, projected, or anticipated and are not guaranteed. Investing involves risk, including potential loss of principal. Past performance does not predict future results. Investors should consult their financial, tax, and legal advisors before investing.

SOURCE Elevest Capital