Rise48 Equity YouTube Videos of the Month
This month Rise48 Equity CEO and Co-Founder, Zach Haptonstall, stopped by a few of our multifamily apartment investments to see how renovations and upgrades are going.
Check out the full videos on the Rise48 Equity YouTube channel.
We purchased Rise Encore, 376 units, in Phoenix, AZ in July of 2022.
We’ve completed a brand new 3-tone exterior paint scheme, added a brand new monument sign, replaced all the pool furniture, and added new marketing banners to appeal to prospective residents.
In addition to exterior upgrades, we have completely renovated 108 interior units to our platinum level finish and have been achieving an average rent increase of $473 per unit. We’re exceeding our pro forma rents by an average of $25 per unit across these 108 renovated units and are drastically exceeding our expectations on this property. This is $25 per unit over pro forma, net of organic rent growth assumptions, even as organic rent growth has decelerated the past 12 months.
To learn more about achieving passive cash-flow through Rise48 Equity’s Multifamily Investments, schedule a brief call with me: https://rise48equity.com/invest
#MultifamilyInvesting #PhoenixRealEstate #MultifamilyRealEstate
Watch the full video here.
We purchased Rise on McClintock, 112 units in Tempe, AZ, in January of 2023.
We’ve completed a brand new 3-tone exterior paint scheme, added a brand new monument sign, renovated the leasing office, and added new marketing banners to appeal to prospective residents.
In addition to exterior upgrades, we have completely renovated 39 interior units to our platinum level finish and have been achieving an average rent increase of $209 per unit. We’re exceeding our pro forma rents by an average of $25 per unit across these 39 renovated units and are drastically exceeding our expectations on this property. This is $25 per unit over pro forma net of organic rent growth assumptions even as organic rent growth has decelerated the past 12 months.
To learn more about achieving passive cash-flow through Rise48 Equity’s Multifamily Investments, schedule a brief call with us: https://rise48equity.com/invest
#MultifamilyInvesting #PhoenixRealEstate #MultifamilyRealEstate
We purchased Rise at Dobson Ranch, 120 units in Mesa, AZ, in April of 2022.
We’ve completed a brand new 3-tone exterior paint scheme, re-coated all the roofs, added a brand new monument sign, upgraded the pool deck, added brand new pool furniture, upgraded the BBQ area and added new marketing banners to appeal to prospective residents.
In addition to interior upgrades, we have completely renovated 57 interior units to our platinum level finish and have been achieving an average rent increase of $579 per unit. We’re exceeding our pro forma rents by an average of $11 per unit across these 57 renovated units and are drastically exceeding our expectations on this property. This is $11 per unit over pro forma net of organic rent growth assumptions even as organic rent growth has decelerated the past 12 months.
To learn more about achieving passive cash-flow through Rise48 Equity’s Multifamily Investments, schedule a brief call with me: https://rise48equity.com/invest
#MultifamilyInvesting #PhoenixRealEstate #MultifamilyRealEstate
Watch the full video here.
We purchased Rise at the Retreat, 197 units in Phoenix, AZ, in October of 2021.
We’ve completed a brand new 3-tone exterior paint scheme, completely renovated the leasing office, added a brand new dog park, upgraded the pool deck, added brand new pool furniture, and added new marketing banners to appeal to prospective residents.
In addition to interior upgrades, we have completely renovated 141 interior units to our platinum level finish and have been achieving an average rent increase of $389 per unit. We’re exceeding our pro forma rents by an average of $11 per unit across these 141 renovated units and are drastically exceeding our expectations on this property. This is $11 per unit over pro forma net of organic rent growth assumptions even as organic rent growth has decelerated the past 12 months.
To learn more about achieving passive cash-flow through Rise48 Equity’s Multifamily Investments, schedule a brief call with me:
https://rise48equity.com/invest
#MultifamilyInvesting #PhoenixRealEstate #MultifamilyRealEstate
Watch the full video here.
About Rise48 Equity:
Rise48 Equity is a Multifamily Investment Group with local offices in Dallas, TX and Phoenix, AZ. “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 sale.”
Since 2019, Rise48 Equity has completed over $2.06 Billion+ in total transactions, and currently has $1.62 Billion+ of Assets Under Management located in Phoenix and Dallas. All of the company’s assets under management are managed by Rise48 Equity’s vertically integrated property management company, Rise48 Communities.
