Press

Rise48 Equity Buys Phoenix-Area Portfolio for $107M

SPL Cos. has sold three communities, totaling 462 units in Mesa and Glendale, Ariz., for $107.1 million. Rise48 Equity LLC acquired the portfolio… Read More

Rise48 Equity Adds to Growing Phoenix Apartment Portfolio

A local multifamily investment firm has extended its buying spree in greater Phoenix, spending $107 million to buy a trio of apartment complexes in the Mesa and Glendale… Read More

Rise48 Equity closes $109.85M in transactions in 10 days

Rise48 Equity – one of the fastest growing multifamily investments groups in Phoenix – announced three transactions completed in the past 10 days, totaling $109,850,000. The transactions included… Read More

Phoenix investor creates own firm to manage $1B in properties

Phoenix-based Rise48 Equity — which is on track to close on $550 million in metro Phoenix apartments in 2021 — has formed its own property management company to manage all its own communities…. Read More

Rise48 Equity Sells 3rd Phoenix Community

The company continues to be one of the Valley’s most active multifamily owners. Rise48 Equity has sold Rise on McDowell Apartments, a 76-unit multifamily community in Phoenix, for $15.6 millionRead More

Rise48 Equity acquires $101M of Phoenix apartments in 7 days

n the past week, Rise48 Equity has acquired $101,075,000 worth of new apartment communities in the Phoenix, Arizona market…. Read More

Rise48 Equity Expands in Phoenix With $56M Buy

Rise48 Equity has acquired Solano Vista Apartments, a 352-unit community in Glendale, Ariz., for $56.1 million. The asset last traded in 2019, when Sundance Bay acquired it from 3rd Ave Investments for $30.7 mRead More

Rise48 Equity Sells Villa Serena Apartments in Phoenix to Tides Equities for $32M

Rise48 Equity has completed the disposition of Villa Serena, a multifamily community located near Interstate 17 in PhoenixRead More

Rise48 Equity Expands Phoenix Footprint

The company paid nearly $74 million for two multifamily properties located between 6 and 8 miles from the city’s downtown. Rise48 Equity has acquired two multifamily properties in PhoenixRead More

Phoenix company in escrow for more apartments with goal to spend $1B on properties

Zach Haptonstall, CEO of Phoenix-based Rise48 Equity, just purchased an apartment community in Glendale and is in escrow to close on three more apartment communities… Read More

Rise48 Equity acquires $73.8M of Phoenix apartments in 9 days

In the past nine days, Rise48 Equity has  acquired $73,875,000 worth of new apartment communities in Phoenix, ArizonRead More

Phoenix investor creates own firm to manage $1B in properties

Phoenix-based Rise48 Equity — which is on track to close on $550 million in metro Phoenix apartments in 2021 — has formed its own property management company to manage all its own… Read More

Rise48 Equity sells District Flats Off Dobson Apartments for $18.2M

Rise48 Equity – one of the fastest growing multifamily investment groups in Phoenix – announced the $18,200,000 / $162.5k Per Unit sale of District Flats Off Dobson Ap…. Read More

Rise48 Equity Completes $18M Metro Phoenix Sale

Rise48 Equity has sold District Flats Off Dobson Apartments, a 112-unit multifamily property in Mesa, Ariz. ZMR Capital paid $18.2 million for the asset, according to … Read More

Rise48 Equity buys REVIVAL ON INDIAN SCHOOL FOR $18.4M

Rise48 Equity announced its 11th acquisition in Phoenix since 2019, Revival on Indian School Apartments, a 96-unit multifamily apartment property located in Phoenix, AriRead More

Rise48 Equity buys Cascada Del Sol Apartments for $26.7M

Rise48 Equity announced its 12th acquisition in Phoenix since 2019. Cascada Del Sol Apartments is a $26,700,000, 166-unit multifamily apartment property located in Central…. Read More

North Central Phoenix Value-Add Commands $32M

Rise48 Equity has acquired City 15 Apartments, a 161-unit value-add property in Phoenix, from Pacific Reach Properties. ABI Multifamily’s Institutional Apartment Group brokered the $32.3 … Read More

Rise48 Equity Emerges as Phoenix Multifamily Investor with Bullish Plans

Zach Haptonstall was making more than $200,000 a year running a hospice company in Scottsdale. By the time he was 23…. Read More

North Phoenix Community Trades For $24M

The new owner, Rise48 Equity, secured a non-recourse, variable interest rate loan which matures in 2031.  Rise48 Equity has completed the $24.3 million acquisition of Pointe… Read More

Rise48 Equity on Track to buy $250M in Valley Apartments

Zach Haptonstall, co-founder, and principal of Rise48 Equity LLC, plans to spend $250 million this year on apartment units in metro Phoenix. Haptonstall said he’s bullish on apartment… Read More