DALLAS, TX – Elevest Capital, a Scottsdale-based private equity firm focused on passive multifamily real estate investing, announced the launch of Fund 70, a 229 unit, 35 tale 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 bought across all of our funds. For our investors, that means a strong starting point for both cash flow and long-term appreciation.”
The property is being bought 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 start 60 to 90 days after closing.
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.

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MAIMI, FL – Walker & Dunlop, Inc. announced that it has arranged $238,000,000 to refinance The Landmark South, a 631-unit, Class A multifamily community in Doral, Florida. Walker & Dunlop Capital Markets Institutional Advisory arranged the financing on behalf of JSB Capital. Aaron Appel, Michael Stepniewski, Jonathan Schwartz, Keith Kurland, Adam Schwartz, Dustin Stolly, Sean Reimer, Sean Bastian, and Stanley Cayre arranged the floating-rate, interest-only bridge loan from Torchlight Investors.
The scale and quality of The Landmark South generated strong interest from the lending community, and we focused on finding a capital solution that provided both proceeds and flexibility, said Appel, senior managing director of Capital Markets and co-head of Institutional Advisory at Walker & Dunlop. Torchlight delivered a structure that gives JSB Capital time to do its business plot while preserving multiple options as the capital markets continue to evolve.
Completed in two phases in 2017 and 2021, The Landmark South comprises approximately 641,527 rentable square feet and offers one-, two- and three-bedroom residences averaging 1,017 square feet. Community amenities include two resort-style pools, two 24-hour fitness centers, outdoor courtyards, a business center, pet spa, resident lounges and structured parking.
The property is located in the heart of Doral, one of Miami-Dade County s most institutionally sought-after multifamily submarkets. High homeownership costs, limited new supply, and continued population growth support long-term rental demand. Doral also offers connectivity to Miami s primary employment corridors via the Palmetto Expressway, Dolphin Expressway and Florida s Turnpike, along with access to retail and lifestyle destinations including Downtown Doral, CityPlace Doral and Dolphin Mall.
The Landmark South fits within our strategy of investing in well-located assets in growth markets where demand continues to outpace available housing, said Jared Frydman, managing director at JSB Capital. Doral s growing employment base, barriers to homeownership and limited new supply give us conviction in the property s long-term position. We appreciate Walker & Dunlop s partnership in navigating the capital markets and arranging a financing solution that supports our strategy for the asset.

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WASHINGTON, DC – The NRP Group, a vertically integrated developer, owner, builder and manager of multifamily housing, in partnership with Marshall Heights Community Development Organization, Inc. (MHCDO), announced the completion and opening of Emblem Apartments, a 115-unit affordable housing community located in the heart of Washington, D.C. s NoMa and Union Market neighborhoods. The new community expands access to high-quality, deeply affordable housing in one of the district’s most dynamic and high-cost neighborhoods, with all homes reserved for individuals and families earning up to 30% and 50% of the Area Median Income (AMI). The milestone was celebrated with a grand opening celebration on Sept. 23 that brought together local officials, financial partners and community leaders.
We call this community ‘Emblem for a reason: because it is emblematic of how NRP and our partners are committed to bringing deeply affordable housing to high-access, high-opportunity neighborhoods, said Chris Marshall, Vice President of Development at The NRP Group. Together with MHCDO and our public and private partners, we transformed a small, oddly-shaped site into 115 high-quality homes that help families easily reach jobs, transit and everyday amenities. This community shows what s possible when mission-driven partners come together to expand access to opportunity and deliver housing that will help DC residents for years to come.
Located at 301 Florida Avenue NE in Washington, D.C., Emblem Apartments is a 13-tale flatiron apartment building on a triangular site just over one mile from the U.S. Capitol Building. Immediately adjacent to the Union Market District, the community puts residents within walking distance of a wide variety of dining, shopping and entertainment destinations, as well as several grocery stores, high-performing schools and the Metropolitan Branch Trail, serving commuters and recreation-seekers alike. Residents also have convenient access to the Washington Metropolitan Area Transit Authority s Metro Rail system and two high-frequency bus lines, providing connections to work, school and recreation throughout the District.
For more than 47 years, MHCDO has worked to make pathways to greater stability and economic mobility for individuals and families across the District, said Babatunde Oloyede, President and CEO of Marshall Heights Community Development Organization. With Emblem, we are bringing that mission to life through a community that pairs quality affordable housing with the services and resources residents need to go forward. From financial education to entrepreneurship and economic mobility programming, our goal is to help residents build greater stability today while making stronger financial futures for themselves and their families.
“Emblem is a powerful example of what can be achieved when strong financing tools, committed partners, and a shared vision come together to address the District’s housing needs,” said Colleen Green, Director of the DC Department of Housing and Community Development. “Transforming an underutilized site into deeply affordable homes makes opportunities for District residents to live in NoMa and delight in a higher quality of life. We are proud to have supported this project from its earliest stages and to celebrate the grand opening today.
Designed to build connection and support residents at every stage of life, Emblem features a variety of community-focused amenities, including a dedicated toddler playroom, oversized bike storage, and a multipurpose community room that serves as a hub for resident programming, events and gatherings.
Residents will also have access to supportive services and programming designed to promote long-term economic mobility and self-sufficiency. Offerings include targeted financial education, entrepreneurship resources and economic mobility programming, providing residents with tools and opportunities to strengthen their financial futures.
Emblem Apartments was made possible through a collaborative financing structure involving the DC Housing Finance Agency (DCHFA), DC Department of Housing and Community Development (DHCD), DC Housing Authority (DCHA), DC Green Bank and Bank of America. The project represents NRP s first affordable housing development in Washington, D.C.
The Washington, D.C. metropolitan area remains a priority for The NRP Group and this completion reflects strong confidence in the region s long-term rental housing market. The NRP Group has developed more than 68,000 apartment homes since 1994, and currently manages over 33,000 residential units across the U.S.

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