We purchased Rise North Mountain, 137 units in Phoenix, AZ, in April of 2022. We've restored all the roofs, added a brand-new fitness center, repaired the parking lot security gates, added a brand-new monument sign, and added new marketing banners to appeal to prospective residents. In addition to the exterior upgrades, we have completely renovated 53 interior units to our platinum level finish. We're exceeding our pro forma rents by an average of $68 per unit across these 53 renovated units and are drastically exceeding our expectations on this property. This is $68 per unit over pro forma rents net of organic rent growth assumptions even as organic rent growth has decelerated the past 12 months. To watch the full Rise North Mountain property update video, click the link below: https://hubs.li/Q01-5nr_0 To learn more about achieving passive cash-flow through Rise48 Equity's Multifamily Investments, schedule a brief call with us: https://hubs.li/Q01-5y3c0 #MultifamilyInvesting #PhoenixRealEstate #MultifamilyRealEstate
Rise48 Equity’s Post
More Relevant Posts
-
Rise48 Equity’s August Corporate Team Lunch in Scottsdale, AZ! We enjoyed a Taco Bar from Cafe Rio 🌮 #teamlunch #casualfridays #corporatetiktok #realestatetiktok
-
We purchased Rise West Arlington, 220 units, in Arlington, TX in April 2024. We have completed a brand new 3-tone exterior paint scheme, upgraded the property signage and installed a brand new permanent monument sign. We are also currently in the process of upgrading the landscaping to increase curb appeal at the property. In addition to exterior renovations, we will begin renovating the interior units, leasing office, clubhouse, and fitness center soon. To learn more about Rise48 Equity's Multifamily Investments, schedule a call with us on our website. #MultifamilyInvesting #DallasRealEstate #MultifamilyRealEstate
-
Great food, even better company! 🌮✨ Last week we hosted taco bars for our corporate teams for our monthly team lunch! #TeamLunch #CasualFriday #MultifamilyInvesting
-
-
Rise48 Equity CEO & Co-Founder, Zach Haptonstall, dives into investing in real estate to create wealth over the long term at the Passive Investing for Dentists meetup in Dallas, TX! To learn more about Rise48 Equity multifamily investments, schedule a call with us on our website. #DallasRealEstate #MultifamilyInvesting #MultifamilyRealEstate
-
We purchased Rise Fossil Creek, 288 units, in Fort Worth, TX in April 2024. We have completed a brand new 3-tone exterior paint scheme and upgraded the property signage. We are in the process of renovating the monument sign and upgrading the landscaping. In addition to exterior upgrades, we have renovated 3 of the interior units to our platinum level finish and as the year progresses, we plan on increasing the velocity for renovations. To watch more property update videos, head to the Rise48 Equity Youtube channel. To learn more about Rise48 Equity's Multifamily Investments, schedule a call with us on our website. #MultifamilyInvesting #DallasRealEstate #MultifamilyRealEstate
-
Last week, our team in Charlotte hosted their first resident events at our new properties with our annual Rise Supplies back-to-school parties! We donated school supplies and backpacks to our residents and kicked off the new school year with an assortment of sweet treats! #RiseUpGiveBack #RiseSupplies #BackToSchool
-
-
Last week, our CEO & Co-Founder, Zach Haptonstall, was a featured speaker at the Passive Investing for Dentists Meet Up in Dallas, TX. We discussed the benefits of investing in multifamily apartments and its market resilience compared to stocks and single-family homes, strategies on leveraging 1031 exchanges, and highlighted the markets where we're currently active. To learn more about Rise48 Equity multifamily investment, schedule a call us on our website. #MultifamilyRealEstate #DallasRealEstate #MultifamilyInvesting
-
-
Our 3rd annual Rise Supplies Back-To-School Events were a huge success! We hosted events and donated thousands of backpacks & school supplies to our residents across all 42 of our communities in Phoenix, AZ, Dallas, TX, and Charlotte, NC. 🎒📚✏️ Huge shoutout to our onsite teams for organizing these awesome events for their residents, our corporate team for putting together school supply kits, and our sponsors for this year's events: Cox Communications, Top Tier Security, Impact Property Solutions, & Zillow #RiseUpGiveBack #RiseSupplies #BackToSchoolDonations
-
We purchased Rise Matthews Pointe, 100 units in Charlotte, NC early last month. We will be completing brand new 3-tone exterior paint on the asset, as well as renovating the clubhouse, leasing office, pool area, and dog park to help with leasing activity. We will also be renovating 100% of the interior units at the property to our Rise48 platinum level finish. To watch more of our property update videos, head to our Rise48 Equity youtube channel. To learn more about Rise48 Equity multifamily investments, schedule a call with us on our website. #MultifamilyInvesting #CharlotteRealEstate #MultifamilyRealEstate
-
Rise48 Equity CFO & Co-Founder Bikran Sandhu names "Start With Why" by Simon Sinek as one of the books that he often recommends. Bikran highlights the impact that made him shift his focus from the "What" and "How" to the "Why" when building Rise48 Equity. What are some of your favorite books that you would recommend to other investors? Comment below 👇🏼 To learn more about Rise48 Equity's multifamily investments, schedule a call with us on our website. #MultifamilyRealEstate #StartWithWhy #MultifamilyInvestments
