Rise48 Equity Adds $270M+ Worth of New Apartment Acquisitions in 2024
Rise48 Equity, the growing multifamily investment group headquartered in Phoenix, Arizona has successfully acquired nine multifamily properties since January 2024. These acquisitions, valued at over $270 million, add 1,928 units to their portfolio.
These new properties include: Rise Spring Pointe (*formerly Copperfield Apartments), Rise Fossil Creek (*Mosaic Apartments), Rise West Arlington (*Fielder’s Glen Apartments), Rise Blue Ridge (*W Flats), Rise Matthews Pointe (*Matthews Pointe), Rise Highland Park (*The Lure Apartments), Rise Hillcrest (*Saddletree Apartments), Rise Gateway (*Gateway Place), and most recently Rise Bridgeview (*Drawbridge Creek).
The company plans to spend over $20,000,000 renovating the interiors and exteriors of their nine newest acquisitions and is in the process of rebranding all the assets to the signature Rise branding. The company will upgrade the properties with fresh 3-tone exterior paint, brand new monument signs with LED backlights to improve the curb appeal at all of the new communities, and more. Rise48 Equity is also in the process of renovating the interiors of the properties to the Rise48 Equity Platinum level finishes, which includes brand new quartz countertops, stainless steel appliances, new shaker doors, modern lighting and fixtures, upgraded plumbing, and more. Exterior and amenities projects such as landscaping, pool upgrades, offices renovations, playground upgrades, and fitness centers will be upgraded and revitalized at some of the new properties as well.
This year, all newly acquired multifamily properties are located in the thriving Dallas-Fort Worth and North Carolina markets and are now managed by Rise48 Equity’s vertically integrated property management company, Rise48 Communities.
In addition to expanding into North Carolina, Rise48 Group launched its new third-party fee management company, Rise48 Residential, earlier this year. The new venture is already managing over 900 units in the Dallas metroplex, showcasing its rapid growth and operational excellence.
Rise48 CEO, Zach Haptonstall, said “Thank you to all of our investors who partnered with us in 2024 to make it a strong year. We’re grateful for our 250+ team members and all of our partners for their support as we entered the North Carolina market and continued to grow our Dallas portfolio. We look forward to continued growth and success in 2025.”
ABOUT RISE48 EQUITY:
Rise48 Equity is a Multifamily Investment Group with local corporate offices in Phoenix, AZ, Dallas, TX, and Charlotte, NC. “At Rise48 Equity, we provide opportunities for accredited and non-accredited investors to protect and grow their wealth and achieve passive cash flow. Our team brings expertise to acquire, reposition and return capital to investors upon reaching our business plan. Through our research and strategically formed partnerships, we acquire commercial multifamily apartment properties, strategically add value to the properties, and create passive income for our investors through cash flow and profits from sales.”
Since 2019, Rise48 Equity has completed over $2.3 Billion+ in total transactions and currently has $1.9 Billion+ assets under management located in Arizona, Texas, and North Carolina. All of the company’s assets under management are managed by Rise48 Equity’s vertically integrated property management company, Rise48 Communities.
