Case Studies

RISE MELROSE

  • 96 Units in Phoenix, AZ
  • Acquisition Date: May 2021
  • Disposition Date: July 2022
  • 14 Month Hold Period 
  • $18,400,000 Purchase Price
  • $25,550,000 Sale Price
  • 2.02x Equity Multiple Project Level
  • 84.8% IRR Project Level 
  • Rise48 Equity’s 11th Disposition

SCOTTSDALE 5TH AVE

  • 59 Units in Phoenix, AZ
  • Acquisition Date: August 2019
  • Disposition Date: June 2022
  • 34 Month Hold Period
  • $6,600,000 Purchase Price
  • $14,115,000 Sale Price
  • 3.42x Equity Multiple Project Level
  • 54.5% IRR Project Level
  • Rise48 Equity’s 10th Disposition since
  • 59 Units in Phoenix, AZ
  • Acquisition Date: August 2019
  • Disposition Date: June 2022
  • 34 Month Hold Period
  • $6,600,000 Purchase Price
  • $14,115,000 Sale Price
  • 3.42x Equity Multiple Project Level
  • 54.5% IRR Project Level
  • Rise48 Equity’s 10th Disposition since 2019

RISE ON THOMAS

  • 100 Units in Phoenix, AZ
  •  Acquisition Date: April 2021
  • Disposition Date: June 2022
  • 14 Month Hold Period
  • $14,200,000 Purchase Price
  • $21,000,000 Sale Price
  • 1.86x Equity Multiple Project Level
  • 66.3% IRR Project Level
  • Rise48 Equity’s 9th Disposition

RISE DOWNTOWN MESA

• 103 Units in Phoenix, AZ
• Acquisition Date: March 2021
• Disposition Date: May 2022
• 14 Month Hold Period 
 $16,500,000 Purchase Price
• $26,250,000 Sale Price
• 2.26x Equity Multiple Project Level

 115.2% IRR Project Level
• Rise48 Equity’s 8th Disposition

• 103 Units in Phoenix, AZ
• Acquisition Date: March 2021
• Disposition Date: May 2022
• 14 Month Hold Period 
 $16,500,000 Purchase Price
• $26,250,000 Sale Price
• 2.26x Equity Multiple Project Level

 115.2% IRR Project Level
• Rise48 Equity’s 8th Disposition
 since 2019

RISE ON PEORIA

• 164 Units in Phoenix, AZ
• Acquisition Date: April 2021
• Disposition Date: May 2022
• 13 Month Hold Period 
 $28,700,000 Purchase Price
• $45,400,000 Sale Price
• 2.45x Equity Multiple Project Level

 132.2% IRR Project Level
• Rise48 Equity’s 7th Disposition

RISE METRO

• 160 Units in Phoenix, AZ
• Acquisition Date: January 2021
• Disposition Date: April 2022
• 14 Month Hold Period 
 $24,300,000 Purchase Price
• $42,000,000 Sale Price
• 2.45x Equity Multiple Project Level

 108.6% IRR Project Level
• Rise48 Equity’s 6th Disposition

• 160 Units in Phoenix, AZ
• Acquisition Date: January 2021
• Disposition Date: April 2022
• 14 Month Hold Period 
 $24,300,000 Purchase Price
• $42,000,000 Sale Price
• 2.45x Equity Multiple Project Level

 108.6% IRR Project Level
• Rise48 Equity’s 6th Disposition
 since 2019

PASEO 51

• 116 Units in Glendale, AZ
• Acquisition Date: September 2020
• Disposition Date: December 2021
• 15 Month Hold Period
 $15,475,000 Purchase Price
• $30,100,000 Sale Price
• 3.85x Equity Multiple Project Level

 198.6% IRR Project Level
• Rise48 Equity’s 5th Disposition

VILLA SERENA

• 137 Units in Phoenix, AZ
• Acquisition Date: August 2019
• Disposition Date: November 2021
• 27 Month Hold Period 
 $17,575,000 Purchase Price
• $32,000,000 Sale Price
• 3.00X Equity Multiple Project Level

 65.4% IRR Project Level
• Rise48 Equity’s 4th Disposition

• 137 Units in Phoenix, AZ
• Acquisition Date: August 2019
• Disposition Date: November 2021
• 27 Month Hold Period 
 $17,575,000 Purchase Price
• $32,000,000 Sale Price
• 3.00X Equity Multiple Project Level

 65.4% IRR Project Level
• Rise48 Equity’s 4th Disposition
 since 2019

RISE ON MCDOWELL

 76 Units in Phoenix, AZ
• Acquisition Date: August 2019
• Disposition Date: November 2021
• 26 Month Hold Period
 $6,900,000 Purchase Price
• $15,550,000 Sale Price
• 2.90X Equity Multiple Project Level

 62% IRR Project Level
• Rise48 Equity’s 3rd Disposition

DISTRICT FLATS OFF DOBSON

• 112 Units in Phoenix, AZ
• Acquisition Date: March 2020
• Disposition Date: May 2021
• 13.5 Month Hold Period
 $13,000,000 Purchase Price
• $18,200,000 Sale Price
• 1.95X Equity Multiple Project Level

 83.7% IRR Project Level
• Rise48 Equity’s 2nd Disposition

• 112 Units in Phoenix, AZ
• Acquisition Date: March 2020
• Disposition Date: May 2021
• 13.5 Month Hold Period
 $13,000,000 Purchase Price
• $18,200,000 Sale Price
• 1.95X Equity Multiple Project Level

 83.7% IRR Project Level
• Rise48 Equity’s 2rd Disposition
 since 2019

SILVER OAKS

• 36 Units in Phoenix, AZ
• Acquisition Date: February 2019
• Disposition Date: October 2020
• 21 Month Hold Period
 $3,450,000 Purchase Price
• $5,350,000 Sale Price
• 1.91X Equity Multiple Project Level

• 44.6% IRR Project Level
• Rise48 Equity’s 1st Disposition