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 Oak Creek, 176 units in Bedford, TX, in May of 2023.
We’ve completed a brand new 3-tone exterior paint scheme, added brand new landscaping, and added new marketing banners to appeal to prospective residents.
In addition to the exterior upgrades, we have completely renovated 12 interior units to our platinum level finish and have been achieving an average rent increase of $346. We’re exceeding our pro forma rents by an average of $43 per unit across these 12 renovated units and are drastically exceeding our expectations on this property. This is $43 per unit over pro forma rents 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 #DallasRealEstate #MultifamilyRealEstate
We purchased Rise North Arlington, 270 units in Arlington, TX, in July of 2023.
We’ve nearing completion of adding a brand new 3-tone exterior paint scheme, marketing banners, to appeal to prospective residents.
In addition to the exterior upgrades, we are currently renovating 19 interior units to our platinum level finish.
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 #DallasRealEstate #MultifamilyRealEstate
We purchased Rise at Highland Meadows, 328 units in Dallas, TX, in February of 2023.
We’ve completed a brand new 3-tone exterior paint scheme, renovated the leasing office and clubhouse, restored the pool deck, added new landscaping, upgraded the fitness center, and added new marketing banners to appeal to prospective residents.
We’ve renovated 46 interior units to our platinum level finish and have been achieving an average rent increase of $344.
We’re exceeding our pro forma rents by an average of $48 per unit across these 46 renovated units and are drastically exceeding our expectations on this property. This is $48 per unit over pro forma rents 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 #DallasRealEstate #MultifamilyRealEstate
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.
