The 2007-built tower, currently boasting 93% occupancy, commanded a $42 million price tag. With no rental concessions granted over the past year, the asset maintains the operational stability sought by the firm’s founder and CEO, Adam Williams. The deal structure requires $19.1 million in equity, targeting an 8.0% preferred return and a 15.6% projected internal rate of return for investors.
Elevest Capital anticipates a hold period between two and five years, projecting a 2.01x equity multiple. Monthly distributions for the $200,000 minimum investment opportunity are slated to begin within 90 days of closing. This acquisition serves as the firm’s sixth offering of 2026, continuing a strategy of scaling passive ownership in institutional-quality multifamily assets.
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