Elevest Capital Closes Fund 69 With 85% of Investors Using Retirement Accounts
Scottsdale-based Elevest Capital closed Fund 69, with a record 85% of investors tapping self-directed IRAs and 401(k)s to acquire a Dallas apartment community.
Elevest Capital, a Scottsdale, Arizona-based private equity firm focused on passive multifamily real estate investments, has closed Fund 69, with the firm reporting that a record 85% of participating investors used self-directed IRAs or 401(k) accounts to fund their stakes in the deal.
The fund's proceeds were directed toward the acquisition of a 320-unit apartment community located in Dallas, Texas. The transaction reflects a broader trend of individual investors channeling tax-advantaged retirement savings into private real estate offerings rather than limiting those accounts to traditional stocks and bonds.
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Self-directed IRAs and self-directed 401(k)s allow account holders to invest in alternative assets, including private equity real estate syndications, a strategy that has gained traction as investors seek portfolio diversification and inflation-resistant income streams. Elevest Capital's data suggests that adoption of this approach is accelerating among its own investor base, with the share using retirement accounts reaching its highest level across the firm's fund history.
The Dallas multifamily market has remained a focal point for institutional and private equity buyers drawn by population growth and sustained rental demand across the broader Texas Sun Belt corridor. A 320-unit community represents a mid-scale multifamily asset well-suited to the passive investment structure Elevest Capital employs for its funds.
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