SCOTTSDALE, Ariz., May 7, 2024
/PRNewswire/ -- Rise48 Equity, a multifamily investment group
headquartered in Phoenix, Arizona,
expanded to Dallas, TX in 2022,
and is making their next move into the North Carolina market. The company plans on
acquiring at least 750+ units in North
Carolina by the end of 2024.
Zach Haptonstall, CEO &
Co-Founder of Rise48 Equity said, "We see great potential in
North Carolina with similar
fundamentals to Dallas and
Phoenix, and we're excited to
provide diversification for our investors as we focus on
investments in the North Carolina,
Dallas, and Phoenix markets going forward. North Carolina has been a very competitive
market the past several years, and we see the next 12 months as a
window of opportunity to enter the market and acquire cash flowing
assets at major discounts from distressed sellers while much of the
competition is on the sidelines."
To support their expansion, Rise48 Equity has recently opened an
office in the prestigious South Park submarket in Charlotte and has hired local staff.
The company has 240+ full-time W2 employees on full healthcare
benefits in their Phoenix and
Dallas offices. Phoenix still serves as Rise48 Equity's home
base for their corporate headquarters, and their Dallas office continues to grow.
"We have two of our trusted and key employees in the
Phoenix market who have
permanently relocated to Charlotte
to oversee operations and construction management. It's great to
have solid and tenured team members to plug in right away and hit
the ground running in North
Carolina. We will implement the same value-add business
plan, acquisition criteria, and operations processes in
North Carolina that we have in
Dallas and Phoenix. Our Dallas and Phoenix staff and operations are stronger than
ever and we're well-positioned to continue executing our business
plans across our portfolio in Phoenix, Dallas, and North
Carolina," said Haptonstall.
About Rise48 Equity:
Rise48 Equity is a multifamily investment firm with a proven
track record, having completed over $2.21
billion in transactions and currently holding over
$1.78 billion in assets under
management. The company offers investors opportunities for passive
income through strategic acquisition and repositioning of
multifamily properties. With a vertically integrated structure,
Rise48 Equity handles all aspects of property management and
construction in-house, ensuring streamlined operations and
maximized returns.
For more information, visit rise48equity.com
View original content to download
multimedia:https://www.prnewswire.com/news-releases/rise48-equity-expands-to-new-charlotte-nc-market-302138891.html
SOURCE Rise48 Equity