Portfolio

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SOLD PROPERTIES Full-Cycle

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Rise Downtown Mesa

123 N Robson Mesa, AZ 85201
  • Formerly Known As Sunnybrook
  • Units 103
  • Disposition Date 19-May-2022
  • Hold Period 14 Months
  • Sale Price $26.25M, $254.9K/Unit
  • Actual Equity Multiple 2.26x
  • Actual Internal Rate of Return 115.2%
  • Acquisition Date 01-Mar-2021
  • Purchase Price $16.5M
  • Invested Capital $6.06M
  • Loan 3+1+1 Non-Recourse Debt Fund
  • Deal Structure 506(B) Syndication
  • Unit Mix 10 ST | 72 1B | 21 2B
  • Projected Hold 2-5 Years
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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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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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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
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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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District Flats Off Dobson

1045 S San Jose St, Mesa, AZ 
  • Units 112
  • Disposition Date 10-May-2021
  • Hold Period 13.5 Months
  • Sale Price $18.2M, $162.5K/unit
  • Actual Equity Multiple 1.95x
  • Actual Internal Rate of Return 83.7%
  • Acquisition Date 01-Mar-2020
  • Purchase Price $13M, $116K/unit
  • Invested Capital $5.15M
  • Loan 10-Yr Non-Recourse Agency
  • Deal Structure 506(B) Syndication
  • Unit Mix 33 ST | 78 1B | 1 2B
  • Projected Hold 2-5 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

ASSETS UNDER MANAGEMENT

Rise at The District

 1031 S Stewart, Mesa, AZ 85202
  • Formerly Known As Indian Springs
  • Units 460
  • Acquisition Date 27-May-2022
  • Purchase Price $142M
  • Invested Capital $59.03M
  • Loan 3+1+1 Non-Recourse Debt Fund
  • Deal Structure 506(B) Syndication
  • Unit Mix 240 1B | 184 2B | 36 3B
  • Projected Hold 2-5 Years

Rise Broadway

945 W Broadway Rd, Mesa, AZ 85210
  • Formerly Known As The Nolan
  • Units 288
  • Acquisition Date 24-May-2022
  • Purchase Price $92M
  • Invested Capital $36.55M
  • Loan 3+1+1 Non-Recourse Debt Fund
  • Deal Structure 506(B) Syndication
  • Unit Mix 144 1B | 144 2B
  • Projected Hold 2-5 Years

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

Rise at Dobson Ranch

1325 W Guadalupe Rd, Mesa, AZ 85202
  • Formerly Known As Standard Dobson Ranch
  • Units 120
  • Acquisition Date 15-Apr-2022
  • Purchase Price $38.125M
  • Invested Capital $12.65M
  • Loan 3+1+1 Non-Recourse Debt Fund
  • Deal Structure 506(B) Syndication
  • Unit Mix 18 1B | 102 2B
  • Projected Hold 2-5 Years

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

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

Rise on Country Club

 1903 N Country Club Dr, Mesa, AZ 85201
  • Formerly Known As Standard Country Club
  • Units 272
  • Acquisition Date 15-Mar-2022
  • Purchase Price $60.625M
  • Invested Capital $22.87M
  • Loan 3+1+1 Non-Recourse Debt Fund
  • Deal Structure 506(B) Syndication
  • Unit Mix 104 ST | 166 1B | 2 2B
  • Projected Hold 2-5 Years

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

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

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

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

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

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 120 2B
  • Projected Hold 2-5 Years

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

Rise Midtown

 3815 N 16th Street Phoenix, Arizona 85016
  • Formerly Known As 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

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

Rise at The Retreat

 1025 E Orange St., Tempe, AZ 85281
  • Formerly Known As La Cresenta
  • Units 197
  • Acquisition Date 14-Oct-2021
  • Purchase Price $45M
  • Invested Capital $16.11M
  • Loan 3+1+1 Non-Recourse Debt Fund
  • Deal Structure 506(B) Syndication
  • Unit Mix 17ST
  • Projected Hold 2-5 Years

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

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
  • Projected Hold 2-5 Years

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

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

Rise at The Preserve

1502 W Glendale Ave, Phoenix AZ 85021
  • 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

Rise Melrose

 930 W Indian School Rd Phoenix, AZ 85013
  • Formerly Known As Revival on Indian School
  • Units 96
  • 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

Rise on Thomas

 2735 E Thomas Rd, Phoenix, AZ 85016
  • Formerly Known As Vibe on Thomas
  • Units 100
  • 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

Scottsdale 5th Ave

6405 E Indian School Rd, Scottsdale, AZ 85251
  • Units 59
  • Acquisition Date 01-Aug-2019
  • Purchase Price $6.6M
  • Loan 10-Yr-Non-Recourse Agency
  • Deal Structure Tenant-In-Common (TIC)
  • Unit Mix 27 ST | 31 1B | 1 2B
  • Projected Hold 3-5 Years
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