Elevest closes fund with purchase of two North Carolina apartment complexes

Firm partners with Rise48 Equity to acquire 263 units in Chapel Hill and Greensboro

Elevest and Rise48 Equity bought the Rise Chapel Hill complex in Chapel Hill, North Carolina. (CoStar)

By Annesley Dwyer

CoStar Research

December 26, 2025 | 6:15 P.M.

Elevest Capital has closed its latest fund after teaming with Rise48 Equity to acquire a pair of apartment complexes in North Carolina.

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