Orlando-based real estate investment company Elevation Capital Group, and its affiliates, announced that its current investment fund, Elevation Fund 8, LLC (“Fund 8”) has received more than $60 million in subscriptions. Since its launch, Fund 8 has acquired three properties located in the Washington DC, Houston and Las Vegas metro areas representing more than 2,000 rentable units. Fund 8 intends to acquire additional assets over time.
Fund 8 is Elevation’s 8th investment fund. It is looking to build a portfolio of both Mobile Home Community and Self-Storage properties that are geographically diversified across a number of States.
“We are encouraged by the progress that Fund 8 is making and we are grateful for the continued trust of our growing investor community” said Ryan Smith, Principal, Elevation Capital Group. “We continue to believe that our model coupled with an experienced team will benefit our investors in the years to come.”
Elevation is a respected leader in the alternative real estate investment arena. The company focuses exclusively on two niche property types: Mobile Home Communities and Self Storage Facilities. Elevation, the manager of Fund 8, through its affiliates, has acquired properties worth more than $600 million and has owned more than 200 properties across more than 30 states.