Elevation secures $60m to invest in mobile home community and self-storage properties

Elevation Capital Group, an Orlando-based real estate investment company, and its affiliates have added more than $60 million in subscriptions for the Elevation Fund 8.

Fund 8 is looking to build a portfolio of both mobile home community and self-storage properties that are geographically diversified across a number of states. The investment vehicle has acquired three properties in the Washington, D.C., Houston and Las Vegas metro areas, representing more than 2,000 rentable units. Fund 8 intends to acquire additional assets over time.

“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 of 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 focuses exclusively on two niche property types: mobile home communities and self-storage facilities.