CHARLOTTE, NC – Elevest Capital, a boutique private equity firm focused on multifamily real estate, announced the completion of Fund 64 in partnership with Rise48 Equity, marked by the acquisition of a 240-unit B+ multifamily community in Charlotte, North Carolina. The transaction reflects Elevest Capital’s continued strategy of investing in well-located assets within high-growth submarkets that offer attractive long-term fundamentals and value-creation opportunities.
This property was built in 1999 and sits in a desirable B+ submarket of Charlotte and offers significant upside through strategic renovations. The property presents opportunities to modernize unit interiors and add in-unit washers and dryers. These enhancements are expected to drive rental growth and elevate resident satisfaction.
“Closing Fund 64 and acquiring this asset highlights the strength of our investment strategy and the value we bring to investors,” said Adam Williams, Founder & CEO of Elevest Capital. “Charlotte continues to demonstrate strong economic momentum, making this property a standout addition to our portfolio.”
To unlock additional value, there will be swift execution of a comprehensive value-add strategy centered on unit modernizations and amenity enhancements. These targeted improvements are intended to drive occupancy and support rental growth.
“This investment exemplifies our disciplined approach to multifamily investing, targeting assets with clear value-creation pathways in high-demand markets,” said Dana Williams, President of Elevest Capital. “Our team’s hands-on management and renovation expertise will be integral to realizing the full potential of this property.”

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DALLAS, TX – MG Properties, a privately held real estate investment firm, announced the acquisition of Sola Galleria Apartments, a multifamily community located in Farmers Branch, Texas. The acquisition further expands MG Properties’ presence in the Dallas–Fort Worth metro area, one of the fastest-growing multifamily markets in the country.
Sola Galleria Apartments is a well-located residential community offering modern amenities and convenient access to major employment centers, retail, dining, and transportation corridors throughout the DFW area. The property’s location at the intersection of Farmers Branch and Addison provides residents with proximity to Dallas’ urban core while maintaining a balanced “live-work-play” living environment.
MG Properties plans to implement its trusted approach at Sola Galleria Apartments, focusing on resident satisfaction, operational efficiencies, and selective property enhancements.
“This transaction underscores our continued confidence in the Dallas–Fort Worth market,” said Jeff Gleiberman, President of MG Properties. “Farmers Branch remains an attractive submarket due to its central location, economic vitality, and sustained demand for rental housing.”
The sellers, HLC Equity and The Hampshire Companies, were represented by Joey Tumminello, Drew Kile, Taylor Hill, Michael Ware, and Jack Windham of IPA. Financing for the transaction was led by IPA Capital Markets’ Cameron Chalfant, Brian Eisendrath, Harry Krieger, and Scott Arenzon.

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FORT COLLINS, CO – The Milestone Group completed two Class A Intermountain region acquisitions, purchasing Bucking Horse Apartments, a 322-unit, garden-style multifamily community within the 160-acre Bucking Horse master-plotted community in Fort Collins, Colorado, and Prelude at Paramount, a 280-unit garden-style multifamily community in Meridian, Idaho, a rapidly growing suburb of Boise. The buy prices were not told.
“Bucking Horse Apartments features highly sought-after amenities, numerous recreational options, and exceptional access to regional employment centers. The Fort Collins market is characterized by strong fundamentals for growth, high barriers to entry, and 95% market occupancy with limited supply in the pipeline,” said Milestone Vice President of Acquisitions Rich Ritter. Ritter continued, “Prelude at Paramount provides significant enhancement potential in one of the most dynamic growth corridors in the Mountain West, supported by exceptional demographic and economic momentum. Acquiring the asset at a basis well below replacement cost makes an attractive entry point that, when combined with our value-enhancement business plot, positions the property to capture long-term demand and appreciation. These acquisitions provide us portfolio exposure to two suburban markets experiencing strong demographic tailwinds fueled primarily by domestic migration and outsized job growth in tech, medical, and educational sectors.”
Bucking Horse Apartments: The Fort Collins region continues to attract capital investment with accompanying job creation, including Marvel Fusion’s $150 million laser research facility, a 3.5 million square foot Amazon robotics facility, Colorado State University’s Future Technology building, and the expansion of the existing USDA facility, as Fort Collins was named a regional hub city for the reorganized agency.
Bucking Horse Apartments was designed specifically to encourage neighborhood living, with low-density garden-style buildings built to homebuilder-quality construction standards. The community’s one-, two-, and three-bedroom units, and three-bedroom garage townhomes, are surrounded by single-family homes averaging $800K, delivering a unique and highly attractive product in a walkable and richly amenitized community.
Prelude at Paramount: Located within Boise’s thriving rental market, Meridian is one of the fastest-growing cities in the region, having experienced more than 20% population growth since 2020. The Boise/Meridian area boasts a diverse and growing economy and serves as a regional hub for technology, healthcare and education, which have driven strong job growth and low unemployment. Prelude at Paramount enjoys direct access to top schools, retail centers, employment hubs, and transportation corridors.
The 2018-vintage asset was designed for modern, efficient living in a resort-style community. One-, two-, and three-bedroom units feature smart home technology and recently renovated common area amenities.

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