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The partnership’s investment will ensure the preservation of affordability of all 104 units across the two South Carolina properties
Charleston, SC, (May 1, 2025) — Tesatura Capital, LLC, Ellavoz Impact Capital, LLC, the Ellavoz Neighborhood Homes Fund, and The Community Preservation Corporation (CPC), announced the acquisition of two affordable housing properties, Canopy at the Element and Canopy on Ashley in North Charleston, South Carolina with the goal of preserving workforce and affordable housing in a rapidly appreciating region of the state. The properties, which are located just one mile apart, have a combined 104 two- and three-bedroom townhomes that serve the housing needs of the local community. The transaction ensures that these properties will remain attainable for existing and future residents.
In addition to preserving the properties as affordable housing, the partnership plans to make meaningful capital improvements to the properties to increase energy efficiency, add physical amenities, and promote community building among the residents.
Allie Zamfir, Managing Principal, Tesatura Capital stated, “This investment showcases our ability to execute on our vision to preserve and enhance much-needed workforce and affordable housing in South Carolina. We look forward to implementing programming and providing resources to strengthen these communities and ensure the residents are proud to call these places home.” Jeffrey Crum, Chief Operating Officer, Ellavoz added that “these acquisitions build on our firm’s commitment to making meaningful impact investments that support the preservation and creation of workforce and affordable housing units”.
“At a time when cities of all sizes are struggling with a crisis of supply and affordability, CPC is focused on investing in the long-term stability and preservation of housing that serves the needs of our communities,” said Tell Metzger, Senior Vice President, Equity Investments, CPC. “We are proud to be supporting the work and growth of two mission-aligned partners and helping to preserve the affordability of 104 units of housing that will serve the North Charleston community for years to come.”
Canopy at the Element, located at 8101 Honeysuckle Lake Drive, is a 90,000-square-foot, 72-unit apartment complex spanning 90,000 square feet. The community consists of two- and three- bedroom townhomes with modern interior finishes and is situated within close proximity to major thoroughfares. Residents benefit from a range of amenities, such as laundry facilities and storage spaces, in addition to access to quality schools, shopping, and dining.
Canopy on Ashley, located at 3360 Ashley Phosphate Road, is a 35,200-square-foot, 32-unit apartment complex. Each two-bedroom apartment is designed with updated finishes, spacious layouts and abundant light. In addition to the living spaces, the property is conveniently located near shopping, dining and entertainment options.
Tesatura and Ellavoz formed a joint venture in 2024 with the goal of creating and preserving affordable housing throughout the Carolinas while the population of the region continues to grow. This was the joint venture’s first acquisition. The partners plan to continue their acquisitions in the Charleston MSA and in other key markets of South Carolina in 2025 and beyond.
CPC provided a $5 million equity investment to aid in the acquisition and preservation of the two properties. CPC’s Equity Investment platform seeks to address the growing national housing crisis through investments in the preservation and creation of high-quality housing at affordable and workforce rents. The company works carefully to deploy its capital to help grow the capacity of the affordable housing industry by supporting emerging sponsors, with a focus on long-term ownership of multifamily buildings to ensure that the properties remain financially strong and physically sound.
To further support its mission, the Partnership was awarded a grant through Charleston County’s Affordable Housing Land Acquisition Grant program. These funds are a critical part of the capital stack used to support the noted capital improvements associated with the investment’s business plan.
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About Tesatura Capital LLC
Founded in 2023, Tesatura Capital is an emerging investment management firm focused on creating and preserving high-quality workforce and affordable housing in the Carolinas. Tesatura executes on this mission by directly investing in and operating multifamily properties via partnerships with mission-aligned investors and non-profits. We believe that by focusing on community needs, both at the property and neighborhood level, we can help families and individuals live vibrant lives.
Firm Managing Principal Allie Zamfir brings deep institutional investment and asset management experience both in impact investing and managing a large portfolio of multifamily assets throughout the region.
To learn more about Tesatura Capital, visit tesaturacap.com.
About Ellavoz Impact Capital and Ellavoz Neighborhood Homes Fund (ENHF)
Ellavoz is a social impact investor, advisor, asset manager, and real estate developer focused on creating and preserving workforce and affordable housing assets and other community-oriented real estate properties. Ellavoz’s strategy concentrates investments in price-attainable housing and economic development projects by working with socially aligned operators, local nonprofits, and governmental agencies to deliver positive community outcomes and double bottom line returns. Based in Belmar, New Jersey, Ellavoz currently has total managed and controlled assets with a value approaching $300 million. Ellavoz’s principals have decades of experience leading large community development financial institutions and nonprofit organizations. Collectively, the management team has led transactions with a total capitalization value of nearly $3 billion.
ENHF is the Ellavoz managed impact fund focused on creating and preserving affordable and workforce housing in the Carolinas. ENHF provides co-general partner investment capital to emerging managers and nonprofits who need additional sponsor equity and balance sheet support to fully capitalize impactful housing transactions.
To Learn more about the Ellavoz family of funds, visit Ellavoz.com.
About The Community Preservation Corporation (CPC)
CPC is a nonprofit, multifamily finance company that was founded in 1974 to provide financial and technical resources to stabilize and revitalize communities. Today, CPC uses its unique expertise in housing finance and public policy to expand access to affordable and workforce housing, advance diversity and equity within the development industry, and expand investment in the green economy and lessen the impact of climate change. Since its founding, CPC has invested over $15 billion to finance the creation and preservation of more than 230,000 units of housing. The company provides a suite of construction and permanent lending products and is an Equity Investor with approximately 4,500 affordable units under ownership. CPC is a carbon-neutral company and maintains AA- S&P rating. Visit CPC at communityp.com, and on Facebook, Twitter and LinkedIn.
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