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Mesquite apartments become Arizona-based investor’s eighth D-FW deal

An Arizona-based investor has added to its North Texas holdings with the purchase of a Mesquite apartment community. Rise48 Equity acquired Pecan Ridge apartments, a 210-unit rental community at Read More

Celebratory crowd honors winners of 2023 CFO of the Year Awards

The Arizona Chapter of Financial Executives International (FEI) hosted the 15th Annual CFO of the Year Awards Wednesday in front of a packed house at Chateau Luxe in Phoenix… Read More

Rise48 Equity Donates Thousands of School Supplies to Phoenix, AZ and Dallas, TX Residents

The Rise48 Group and their philanthropic organization, Rise up Give Back, hosted their second annual “Rise Supplies” events last week in Phoenix and Dallas where they donated thousands of.. Read More

Rise48 Equity’s investments impact local communities

Just four years after it was founded, Rise48 Equity not only is one of Arizona’s top workplaces – it also is one of its biggest success stories. The Phoenix-based company, which provides investment opportunities for.. Read More

Rise48 Equity acquires 6 new apartments and expands to Dallas

Rise48 Equity , a multifamily investment group headquartered in Phoenix, Arizona, has acquired six new apartment properties since January 2023. The newly acquired properties have added.. Read More

Disruption Day 2023 Announces New Sponsors and Exhibitors

The one-day event, which features Rise48 Equity and SunBelt Multifamily, LLC as Platinum Sponsors, will take place on Friday, June 16th at the… Read More

Rise48 Equity Featured on ViewPoint with Dennis Quaid

Rise48 Equity has been featured on Viewpoint with Dennis Quaid, a short form documentary series highlighting industry professionals and groundbreaking organizations… Read More

Rise48 Equity Acquires Spring Apartments in Phoenix for $42M

Rise48 Equity has acquired Spring, a 186-unit multifamily community in Phoenix. Built in 1984, Spring comprises 18 two-story buildings.. Read More

Rise48 Equity Picks Phoenix Multifamily Community

“With larger than average unit sizes and nearly 50% two-bedroom floor plans combined to offer the buyer a prime opportunity to.. Read More

Rise48 Equity details off-market multifamily transaction in DFW

Rise48 Equity has made its second acquisition since opening its Dallas office, adding 360 units to its growing portfolio. Acquired in an off-market transaction.. Read More

Rise48 Equity Acquires Spring Apartments in Phoenix For $42 Million

The company plans to spend $5 million renovating the property. Unit upgrades include quartz countertops, updated lighting fixtures and stainless steel appliances. Rise48 Equity additionally plans to.. Read More

Commercial property sales and leases

Rise48 Equity has purchased the Paces Cove Apartments, a 328-unit multifamily community on Pandora Drive in Dallas.. Read More

Phoenix-Based Rise48 Equity Riding “Workforce Multifamily” to Success

Zach Haptonstall started his real estate investment company, Rise48 Equity, in 2019. Since then, the Phoenix-based company has completed over.. Read More

Rise48 Equity Tries its 80’s Strategy Out in Dallas

Rise48’s Zach Haptonstall believes that in this market operators will have to force the appreciation of the assets by providing a …  Read More

Rise48 Equity Pays $27M for Phoenix-Area Asset

Built in 1980, the community incorporates eight two-story buildings encompassing one- and two-bedroom units ranging from 680 to 870 square feet…  Read More

New-to-Dallas company closes multifamily acquisition

Rise48 Equity, which aims to acquire 3,000 units this year, has closed on a property in North Texas – a 328-unit apartment complex located at..  Read More

With $1.4 billion in assets, this 31-year-old is setting his sights on Dallas-Fort Worth

Zach Haptonstall, chief executive and co-founder of Rise48 Equity, began to build his real estate career in Arizona and quickly established himself as… Read More

AZ Big 100: 50 commercial real estate companies to watch in 2023

Rise48 Equity – the fastest growing multifamily investment group in Phoenix, has acquired 13 new apartment properties since January of 2022… Read More

AZ Big 100: 25 male leaders to watch in CRE for 2023

But as venture deeper into 2023, one thing is certain: Arizona is filled with brilliant minds and innovative companies that are certain to… Read More

Rise48 Equity Acquires Two Phoenix Properties, Plans Revamp/Rebrand

Rise48 Equity has acquired two Phoenix apartment communities and will immediately start on a comprehensive renovation program. In addition, they will rebrand the two developments. Rise48 spent roughly the same... Read More

Rise48 Equity Buys More Than $60M of Metro Phoenix Apartments in 7 Days

Rise48 Equity has acquired $60,200,000 worth of new apartment communities in the Phoenix, Arizona market. Aspire Glendale Apartments is a $29,200,000, 120-unit multifamily apartment property located in Glendale, Arizona. Brookfield... Read More

Rise48 Equity adds $759M in multifamily acquisitions in 2022

Rise48 Equity – the fastest growing multifamily investment group in Phoenix, has acquired 13 new apartment properties since January of 2022, totaling over $759,000,000, which adds 2,750 units to their portfolio... Read More

Lucky 13: Scottsdale firm snags 13th Valley multifamily property for $125M

Zach Haptonstall is on a roll. The CEO of Rise48 Equity LLC just closed on his 13th multifamily property of the year, paying $125 million to Bean Investment Real Estate for the 376-unit... Read More

Mesa sees 6 resident complex deals totaling $334M

Five Mesa apartment complexes and a condo community have traded hands in the last three weeks in deals totaling $334 million. And on the heels on those deals, a nationwide rental listing firm said that whileRead More

Why this Valley apartment investor is starting his own construction firm

The co-founder of Scottsdale-based Rise48 Equity LLC — which has $1.06 million in multifamily assets under management in metro Phoenix — is starting his own construction firm to handle… Read More

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