Elevest Capital Fund 69 Draws Record Retirement Account Investors
85% of Fund 69 investors used self-directed IRAs or 401(k)s to acquire a 320-unit Dallas apartment community.
Elevest Capital, a Scottsdale-based private equity firm focused on passive multifamily real estate, has closed Fund 69 with a record share of investors using tax-advantaged retirement accounts to participate in the deal, the company announced Nov. 9, 2026.
The fund's target asset is a 320-unit apartment community in Dallas. According to the firm, 85% of Fund 69 participants directed capital through self-directed IRAs or solo 401(k)s — a figure the company described as a record for any single fund it has closed to date.
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The trend reflects a broader shift among individual investors seeking to diversify retirement portfolios beyond conventional stocks and bonds. Self-directed retirement vehicles allow account holders to place funds into alternative assets, including private real estate syndications, subject to IRS rules governing prohibited transactions and custodial oversight.
Elevest Capital's disclosure underscores growing investor appetite for multifamily real estate as a retirement-oriented asset class, particularly in Sun Belt markets like Dallas where population and rental demand have remained elevated. The structure allows passive investors to potentially benefit from rental income and appreciation without direct property management responsibilities, all within a tax-sheltered account framework.
Continue reading at Real Estate for additional details on Elevest Capital's Fund 69 and its investment strategy.
