Case Studies - Rise48 Equity

Below are Case Studies of our properties that have been sold and gone full-cycle completing our business plans.

RISE MELROSE

96 Units in Phoenix, AZ
Acquisition Date: May 2021
Disposition Date: July 2022
14 Month Hold Period
$18,400,000 Purchase Price
$25,500,000 Sale Price
2.02x Equity Multiple Project Level
84.8% IRR Project Level
Rise48 Equity’s 11th Disposition since 2019

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 2019

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 since 2019

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 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 since 2019

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 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 since 2019

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 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 since 2019

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 since 2019

• 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