Rise48 Equity Expands into Property Management with Launch of Rise48 Residential
Phoenix, Arizona-based multifamily investment group Rise48 Equity is making a significant move into the property management sector with the launch of its new third-party management company, Rise48 Residential. This expansion signifies a strategic step for the company, which already boasts a robust portfolio of over 10,000 units and has completed transactions exceeding $2.3 billion since 2019. Rise48 Residential is poised to leverage the expertise of Rise48 Equity to offer comprehensive property management services, with ambitious plans to manage 50,000 units nationwide within the next five years.
Rise48 Residential is hitting the ground running, having already taken on the management of four properties in Dallas and Fort Worth, Texas. This move follows the company’s expansion into North Carolina earlier this year, demonstrating its commitment to diversifying and expanding its footprint in key markets. Rise48 Residential is a fully equipped professional property management company, staffed by a dedicated team of experienced professionals specializing in operations, financial reporting, and marketing. The company focuses on assets built between the 1960s and the early 2000s, tailoring its management solutions to optimize property performance.
Capitalizing on Market Demand and Expertise
The decision to launch Rise48 Residential was driven by increasing demand from lenders who have been impressed by Rise48 Equity’s management of its own assets. These lenders, recognizing the company’s expertise, have requested assistance in managing foreclosed properties. Zach Haptonstall, CEO and Co-Founder of Rise48 Equity, explained, “We saw an opportunity to expand on what we do best, which is manage and execute value-add business plans on existing multifamily properties.” Rise48 Residential will enable the company to share and expand its proprietary methods for marketing, staff recruitment, hiring, training, supply chain management, and business plan execution.
Rise48 Residential is targeting property owners and lenders in the Southwest, Southeast, and Texas markets for third-party fee management. The company is aiming to manage 50,000 units nationwide for third parties within the next five years while simultaneously continuing to grow its investment platform, Rise48 Equity, through the acquisition and management of owned assets.
Comprehensive Property Management Services
Rise48 Residential offers a comprehensive range of services, including:
*
Operations:
Streamlined operations ensure efficient management of daily tasks and tenant interactions.*
Financial Planning & Analysis:
Robust financial reporting and analysis provide investors with clear insights into property performance.*
Human Resources:
Experienced HR professionals manage staff recruitment, training, and development, fostering a strong and motivated team.*
Advanced Data Analytics:
Data-driven insights help identify opportunities for improvement and optimize property performance.*
Marketing:
Targeted marketing strategies attract high-quality residents and maximize occupancy rates.Driving Value for Investors and Residents
Rise48 Residential is dedicated to delivering a high standard of property management, driving value for investors and residents. By leveraging its unique blend of operational expertise and strategic focus, the company aims to ensure maximum returns for investors while providing residents with a high-quality living experience. With its commitment to growth and its proven track record, Rise48 Residential is well-positioned to become a leading player in the property management industry.
About Rise48 Equity:
Rise48 Equity is a multifamily investment group with a proven track record of success. Since 2019, the company has completed over $2.3 billion in transactions, acquiring 54 assets and 10,000+ units. Currently, Rise48 Equity manages over $1.8 billion in assets in Phoenix, Arizona, and Dallas, Texas. The company has completed 11 full-cycle dispositions, returning capital to investors. Rise48 Equity employs over 240 full-time W2 employees who receive full healthcare benefits. The company provides multifamily investment opportunities for accredited investors seeking to protect and grow their wealth through passive cash flow. The team brings expertise to acquire, reposition, and return capital to investors upon reaching the business plan.
Rise48 Communities is the vertically integrated property management company that manages all assets owned by Rise48 Equity. The company handles all construction management, property management, and asset management in-house.
For more information about Rise48 Equity, visit their website: [rise48equity.com](https://rise48equity.com).
