Phoenix, AZ Multifamily Real Estate Investment Opportunities
Sold Properties - Completed Business Plan
At Rise48 Equity, we are proud of our success in executing multifamily real estate investment strategies in Phoenix, consistently delivering solid returns to our investors. Our portfolio of Sold Properties in the area showcases our team’s dedication to creating value through strategic acquisitions, hands-on asset management, and effective business plan execution. Each completed transaction demonstrates our dedication to identifying and transforming multifamily assets, building long-term wealth for our partners, and making a positive impact on the local community. Discover the properties we’ve sold in Phoenix and experience the results of our proven approach.
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Rise Melrose
930 W Indian School Rd Phoenix, AZ 85013
- Formerly Known As Revival on Indian School
- Units 96
- Disposition Date 15-Jun-22
- Hold Period 14 Months
- Sale Price 22.55M
- Actual Equity Multiple 2.02x
- Actual Internal Rate of Return 84.8%
- Acquisition Date 01-May-2021
- Purchase Price $18.4M
- Invested Capital $5.96M
- Loan 3+1+1 Non-Recourse Debt Fund
- Deal Structure 506(B) Syndication
- Unit Mix 96 2B
- Projected Hold 2-5 Years
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Rise on Thomas
2735 E Thomas Rd, Phoenix, AZ 85016
- Formerly Known As Vibe on Thomas
- Units 100
- Disposition Date 17-Jun-2021
- Hold Period 14 Months
- Sale Price $21M, $210K/Unit
- Actual Equity Multiple 1.86x
- Actual Internal Rate of Return 66.3%
- Acquisition Date 01-Apr-2021
- Purchase Price $14.2M
- Invested Capital $15.28M
- Loan 3+1+1 Non-Recourse Debt Fund
- Deal Structure 506(B) Syndication
- Unit Mix 37 ST | 62 1B | 1 2B
- Projected Hold 2-5 Years
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Rise Metro
2045 W Butler Dr, Phoenix, AZ 85021
- Formerly Known As Pointe Vista
- Units 160
- Disposition Date 05-Apr-2022
- Hold Period 14 Months
- Sale Price $42M, $262.5K/unit
- Actual Equity Multiple 2.45x
- Actual Internal Rate of Return 108.6%
- Acquisition Date 01-Jan-2021
- Purchase Price $24.3M
- Invested Capital $9.18M
- Loan 10-Yr Non-Recourse Agency
- Deal Structure 506(B) Syndication
- Unit Mix 107 1B | 33 2B | 20 3B
- Projected Hold 2-5 Years
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Villa Serena
4221 W Dunlap Ave, Phoenix, AZ
- Units 137
- Disposition Date 16-Nov-2021
- Hold Period 27 Months
- Sale Price $32M, $233.6K/unit
- Actual Equity Multiple 3.0x
- Actual Internal Rate of Return 65.4%
- Acquisition Date 01-Aug-2019
- Purchase Price $17.6M
- Invested Capital $5.80M
- Loan 10-Yr Non-Recourse Agency
- Deal Structure 506(C) Syndication
- Unit Mix 63 1B | 74 2B
- Projected Hold 3-7 Years
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Rise on McDowell
3620 E McDowell Rd, Phoenix, AZ 85008
- Formerly Known As Oaktree
- Units 76
- Disposition Date 08-Nov-2021
- Hold Period 26 Months
- Sale Price $15.55M, $204.6K/unit
- Actual Equity Multiple 2.90x
- Actual Internal Rate of Return 62%
- Acquisition Date 01-Aug-2019
- Purchase Price $6.9M
- Loan 10-Yr Non-Recourse Agency
- Deal Structure 506(B) Syndication
- Unit Mix 60 1B | 16 2B
- Projected Hold 1-2 Years
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Silver Oaks Apartments
5510 N 35th Ave, Phoenix, AZ 85017
- Units 36
- Disposition Date 01-Oct-2020
- Hold Period 21 Months
- Sale Price $5.35M, $148K/unit
- Actual Equity Multiple 1.91x
- Actual Internal Rate of Return 44.6%
- Acquisition Date 01-Feb-2019
- Purchase Price $3.45M, 95K/unit
- Loan 10-Yr Non-Recourse Agency
- Deal Structure Tenant-In-Common (TIC)
- Unit Mix 26 2B | 10 3B
- Projected Hold 2-5 Years
Current Assets Owned & Under Management
The Assets Under Management section below highlights Rise48 Equity’s current multifamily real estate portfolio in Phoenix, demonstrating our ongoing dedication to creating value for our investors and improving local communities. Each of the Phoenix properties in our portfolio has been carefully chosen for its growth potential and is actively managed by our experienced team to maximize performance and deliver solid financial returns. Through strategic acquisitions, operational excellence, and a focus on resident satisfaction, these assets showcase how we consistently transform multifamily properties, making a lasting impact and building wealth for our investors across this thriving market.
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Rise Valley Heights
1050 W 8th Ave, Mesa, AZ 85210
- Formally Known As Avenue 8
- Units 194
- Acquisition Date 19-May-2026
- Built In 1986
- Loan 3+1+1 Non-Recourse Debt Fund
- Deal Structure 506(B) Syndication
- Unit Mix 194 2B
- Projected Hold 2-5 Years
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Rise Desert Cove
2015 West Cactus Road, Phoenix, AZ 85029
- Formerly Known As Spring Apartments
- Units 186
- Acquisition Date 30-Mar-2023
- Purchase Price $42M
- Built in 1984
- Loan 3+1+1 Non-Recourse Debt Fund
- Deal Structure 506(B) Syndication
- Unit Mix 94 1B | 92 2B
- Projected Hold 2-5 Years
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Rise on Cactus
12021 N 43rd Ave, Phoenix, AZ 85029
- Formerly Known As Brookfield
- Units 124
- Acquisition Date 29-Sept-2022
- Purchase Price $31M
- Built in 1984
- Loan 3+1+1 Non-Recourse Debt Fund
- Deal Structure 506(B) Syndication
- Unit Mix 71 1B | 53 2B
- Projected Hold 2-5 Years
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Rise Encore
5775 W Roosevelt St, Phoenix, AZ 85043
- Formerly Known As Encore 202/Roosevelt 59
- Units 376
- Acquisition Date 20-Jul-2022
- Purchase Price $125M
- Built in 2004 & 1986
- Loan 3+1+1 Non-Recourse Debt Fund
- Deal Structure 506(B) Syndication
- Unit Mix 16 S | 64 1B | 264 2B | 32 3B
- Projected Hold 2-5 Years
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Rise Lakeside
11459 N 28th Dr, Phoenix, AZ 85029
- Formerly Known As Waterfront
- Units 288
- Acquisition Date 15-Jun-2022
- Purchase Price $75.3M
- Invested Capital $34.725M
- Loan 3+1+1 Non-Recourse Debt Fund
- Deal Structure 506(B) Syndication
- Unit Mix 216 1B | 72 2B
- Projected Hold 2-5 Years
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Rise North Mountain
9202 N 19th Ave, Phoenix, AZ
- Formerly Known As 19 Rail
- Units 137
- Acquisition Date 12-Apr-2022
- Purchase Price $28.6M
- Invested Capital $14.22M
- Loan 3+1+1 Non-Recourse Debt Fund
- Deal Structure 506(B) Syndication
- Unit Mix 38 ST | 64 1B | 35 2B
- Projected Hold 2-5 Years
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Rise Canyon West
3535 W Camelback Rd, Phoenix, AZ
- Formerly Known As GC Square
- Units 165
- Acquisition Date 31-Mar-2022
- Purchase Price $31.02M
- Invested Capital $10.47M
- Loan 3+1+1 Non-Recourse Debt Fund
- Deal Structure 506(B) Syndication
- Unit Mix 112 ST | 52 1B | 1 3B
- Projected Hold 2-5 Years
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Rise at The Lofts
550 E Earll Dr Phoenix, Arizona 85012
- Fomerly Known As Plaza 550
- Units 92
- Acquisition Date 28-Jan-2022
- Purchase Price $25.2M
- Invested Capital $9.975M
- Loan 3+1+1 Non-Recourse Debt Fund
- Deal Structure 506(B) Syndication
- Unit Mix 92 1B
- Projected Hold 2-5 Years
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Rise at Estrella Park
1801 N 83rd Ave, Phoenix, AZ 85035
- Formerly Known As Portola West Valley
- Units 224
- Acquisition Date 12-Jan-2022
- Purchase Price $59.8M
- Invested Capital $22.65M
- Loan 3+1+1 Non-Recourse Debt Fund
- Deal Structure 506(B) Syndication
- Unit Mix 72 1B | 152 2B
- Projected Hold 2-5 Years
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Rise on Cave Creek
17646 N Cave Creek Rd, Phoenix, AZ 85032
- Formerly Known As Portola Grover's Park
- Units 141
- Acquisition Date 29-Dec-2021
- Purchase Price $36.6M
- Invested Capital $12.36M
- Loan 3+1+1 Non-Recourse Debt Fund
- Deal Structure 506(B) Syndication
- Unit Mix 35 1B | 106 2B
- Projected Hold 2-5 Years
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Rise Thunderbird
14020 N Black Canyon Hwy, Phoenix, AZ 85053
- Formerly Known As Canyon Springs
- Units 203
- Acquisition Date 22-Dec-2021
- Purchase Price $48M
- Loan 3+1+1 Non-Recourse Debt Fund
- Deal Structure 506(B) Syndication
- Unit Mix 130 1B | 73 2B
- Projected Hold 2-5 Years
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Rise Westgate
4405 N 103rd Ave, Phoenix, AZ 85037
- Formerly Known As Tides North Avondale
- Units 120
- Acquisition Date 21-Dec-2021
- Purchase Price $36.6M
- Invested Capital $12.36M
- Loan 3+1+1 Non-Recourse Debt Fund
- Deal Structure 506(B) Syndication
- Unit Mix 120 2B
- Projected Hold 2-5 Years
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Rise Midtown
3815 N 16th Street Phoenix, Arizona 85016
- Formerly Known As Avenel on 16th Avenel on 16th
- Units 200
- Acquisition Date 17-Dec-2021
- Purchase Price $51M
- Invested Capital $16.53M
- Loan 3+1+1 Non-Recourse Debt Fund
- Deal Structure 506(B) Syndication
- Unit Mix 36 ST | 112 1B | 52 2B
- Projected Hold 2-5 Years
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Rise Skyview
5601 W McDowell Rd, Phoenix, AZ 85035
- Formerly Known As Marble Creek
- Units 244
- Acquisition Date 18-Nov-2021
- Purchase Price $62.3M
- Invested Capital $19.74M
- Loan 3+1+1 Non-Recourse Debt Fund
- Deal Structure 506(B) Syndication
- Unit Mix 108 1B | 136 2B
- Projected Hold 2-5 Years
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Rise Desert West
6131 W Thomas Rd, Phoenix, AZ 85033
- Formerly Known As Brookside
- Units 204
- Acquisition Date 01-Jul-2021
- Purchase Price $41.6M
- Invested Capital $13.35M
- Loan 3+1+1 Non-Recourse Debt Fund
- Deal Structure 506(B) Syndication
- Unit Mix 18 ST | 92 1B | 94 2B
- Projected Hold 2-5 Years
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Rise Biltmore
4728 N 15th St, Phoenix, AZ 85014
- Formerly Known As City 15
- Units 161
- Acquisition Date 01-Jul-2021
- Purchase Price $32.3M
- Invested Capital $9.45M
- Loan 3+1+1 Non-Recourse Debt Fund
- Deal Structure 506(B) Syndication
- Unit Mix 17 ST | 129 1B | 15 2B
- Projected Hold 2-5 Years
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Rise at The Preserve
1502 W Glendale Ave, Phoenix AZ 850
- Formerly Known As Cascada Del Sol
- Units 166
- Acquisition Date 01-Jun-2021
- Purchase Price $26.7M
- Invested Capital $9.72M
- Loan 3+1+1 Non-Recourse Debt Fund
- Deal Structure 506(B) Syndication
- Unit Mix 54 ST | 68 1B | 44 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.
