Posted on September 5, 2019
Elevation recently named Matthew Downs as Vice President of Operations and Development. As the firm commences its seventh and largest investment fund to date – The Apollo Fund – Downs will be responsible for strengthening Elevation’s operational capacities and enabling the company to expand its platform across a number of new markets. The Apollo Fund was launched in May 2019 and to date has received subscription commitments in excess of $31 million.
Downs joins Elevation with over 15 years of experience as an executive and principal at Liberty Investment Properties, a privately held real estate investment, development and management firm. During his tenure at Liberty, he oversaw the development of more than 30 hotels and storage facilities across the United States. Downs also had operational oversight of over 3,600 hotel units across nine states in 16 distinct markets.
“I am thrilled to have Matthew join the firm. He is a total class act,” said Chris King, CEO of Elevation. “I committed to our investor community that we are serious about attracting top talent to grow the firm, and Matthew’s stellar experience will only help us get better as a company.”
Downs is the seventh executive to join Elevation. In addition to helping manage the growth of the firm, he will be charged to increase Elevation’s ability to develop income-producing commercial or multi-family assets during strategic periods in the market cycle.
Elevation Financial Group, a real estate private equity company, leads an award-winning group of companies whose focus and mission is to acquire, revitalize and operate affordable apartment communities for independent seniors and families. As a private equity company, Elevation raises capital through private placements to accredited investors and maintains a commitment to low or no loads on capital raised. Through a consortium of companies specializing in real estate investment, property management and property renovation, Elevation aspires to deliver superior financial returns to its shareholders while making a positive and distinctive impact on the communities we serve. For further information, visit: www.ElevationFinancialGroup.com.