Glendale, AZ Multifamily Real Estate Investment Opportunities
Sold Properties - Completed Business Plan
At Rise48 Equity, we take pride in our success in implementing multifamily real estate investment strategies in Glendale, consistently achieving strong returns for our investors. Our portfolio of Sold Properties in this area highlights our team's commitment to generating value through strategic acquisitions, proactive asset management, and efficient business plan execution. Each disposition reflects our dedication to identifying and revitalizing multifamily assets, building long-term wealth for our partners, and making a positive impact on the local community. Explore the properties we’ve sold in Glendale and see the results of our proven approach.
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Rise on Peoria
5020 W Peoria Ave, Glendale AZ
- Formerly Known As Haven on Peoria
- Units 164
- Disposition Date 17-May-2022
- Hold Period 13 Months
- Sale Price $45.4M, 276.8K/Unit
- Actual Equity Multiple 2.45x
- Actual Internal Rate of Return 132.2%
- Acquisition Date 01-Apr-2021
- Purchase Price $28.7M
- Invested Capital $9.05M
- Loan 3+1+1 Non-Recourse Debt Fund
- Deal Structure 506(B) Syndication
- Unit Mix 96 1B | 68 2B
- Projected Hold 2-5 Years
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Paseo 51
5215 W Peoria Ave, Glendale, AZ 85302
- Units 116
- Disposition Date 10-Dec-2021
- Hold Period 15 Months
- Sale Price $30.1M, $259.5K/unit
- Actual Equity Multiple 3.85x
- Actual Internal Rate of Return 198.6%
- Acquisition Date 01-Sep-2020
- Purchase Price $15.5M
- Invested Capital $4.89M
- Loan 10-Yr Non-Recourse Agency
- Deal Structure 506(B) Syndication
- Unit Mix 80 1B | 36 2B
- Projected Hold 2-5 Years
Current Assets Owned & Under Management
The below section showcases Rise48 Equity's current multifamily real estate portfolio in Glendale, reflecting our ongoing responsibility of delivering value for our investors and enhancing local communities. Each property has been selected for its potential for growth and is actively managed by our experienced team to maximize performance and ensure strong financial returns. Through targeted acquisitions, operational efficiency, and a focus on resident experience, these assets illustrate how we consistently revitalize multifamily properties, creating lasting value and building wealth for our investors in this market.
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Rise at The Meadows
4529 W Ocotillo Rd, Glendale, AZ 85301
- Formerly Known As Aspire Glendale
- Units 120
- Acquisition Date 23-Sept-2022
- Purchase Price $29.2M
- Built in 1983
- Loan 3+1+1 Non-Recourse Debt Fund
- Deal Structure 506(B) Syndication
- Unit Mix 72 1B | 48 2B
- Projected Hold 2-5 Years
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Rise at The Palms
5902 W Royal Palm Rd, Glendale, AZ 85302
- Formerly Known As Royal Palms
- Units 138
- Acquisition Date 05-May-2022
- Purchase Price $35M
- Invested Capital $12.63M
- Loan 3+1+1 Non-Recourse Debt Fund
- Deal Structure 506(B) Syndication
- Unit Mix 58 1B | 80 2B
- Projected Hold 2-5 Years
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Rise Trailside
5920 W Laurie Ln, Glendale, AZ 85302
- Fomerly Known As Standard 59
- Units 60
- Acquisition Date 08-Mar-2022
- Purchase Price $14.75M
- Invested Capital $5.575M
- Loan 3+1+1 Non-Recourse Debt Fund
- Deal Structure 506(B) Syndication
- Unit Mix 30 1B | 30 2B
- Projected Hold 2-5 Years
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Rise North Ridge
8080 N 51st Ave, Glendale, AZ 85302
- Fomerly Known As Standard West
- Units 130
- Acquisition Date 08-Mar-2022
- Purchase Price $31.7M
- Invested Capital $11.2M
- Loan 3+1+1 Non-Recourse Debt Fund
- Deal Structure 506(B) Syndication
- Unit Mix 74 1B | 56 2B
- Projected Hold 2-5 Years
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Rise Parkside
7102 N 43rd Ave, Glendale, AZ 85301
- Formerly Known As Solano Vista
- Units 352
- Acquisition Date 07-Oct-2021
- Purchase Price $56.1M
- Invested Capital $18.48M
- Loan 3+1+1 Non-Recourse Debt Fund
- Deal Structure 506(B) Syndication
- Unit Mix 135 ST | 131 1B | 86 2B
- Projected Hold 2-5 Years
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Rise Camelback
5038 N 55th Ave, Glendale, AZ 85301
- Formerly Known As Urban 55
- Units 209
- Acquisition Date 31-Aug-2021
- Purchase Price $33.9M
- Invested Capital $11.33M
- Loan 3+1+1 Non-Recourse Debt Fund
- Deal Structure 506(B) Syndication
- Unit Mix 48 ST | 160 1B | 1 2B 48 ST | 160 1B | 1 2B
- Projected Hold 2-5 Years
Our portfolio includes the disposition sales of 11 multifamily real estate assets. In total, we’ve completed seven 1031 exchanges, allowing our investors to defer capital gains tax from their profits.
Every single deal we have ever acquired has drastically exceeded projections.
At Rise48 Equity we strive for success by being fully vertically integrated. Our property management company, Rise48 Communities, controls all of the day-to-day operations, renovations, and teams at our multifamily apartment properties.
To learn more about our multifamily real estate investments in Arizona, North Carolina, and Texas, or how to invest in multifamily properties with Rise48 Equity, click the button below and schedule a call with us.
Helping investors like you earn passive income and generational wealth through multifamily real estate investments.
