Sponsors with similar asset classes
Rise48 Equity: Verified Investor Reviews on Invest Clearly
1.00
Website
https://www.rise48equity.comOverview
At Rise48 Equity, we provide multifamily investment opportunities for both accredited and non-accredited investors to protect and grow their wealth. Our team brings expertise and a pristine track record to acquire, reposition and return capital to investors upon reaching our business plan. We personally invest significant capital into each property alongside our investors. Through our market research and partnerships, we acquire commercial multifamily apartment properties and strategically add value to the properties. As a result, this creates passive income for our investors through monthly cash flow and profits from sale. Rise48 Equity has corporate offices in Arizona, Texas, North Carolina, and Florida. We focus on acquiring deals in cities that rank among the top cities nationally for rent growth, population growth, and employment growth. With strong fundamentals, vertically integrated management, and our experienced, locally-based teams, we are well positioned to perform and execute our business plans.
Address
8324 E Hartford Dr
Scottsdale,
Arizona
85255
Year Founded
2019
Operates In
Arizona
Texas
North Carolina
Asset Classes
Multifamily
Accepted Investors
Accredited
Non-Accredited
People also viewed
Details
Verified Investor
1.00
"Super inexperienced sponsor that has no business syndicating!"
Terrible inexperienced sponsor that had some luck flipping properties post Covid BOOM and expected rates to remain near ZERO so acquired lots and lots of multi family apartment buildings in the greater Phoenix area at the top of the market 2022'ish and cheapened out by securing "very short term floating senior debt" and now that market values have come back down to reality and interest rates have shot up EVERY SINGLE ONE of their deals is dramatically underwater far below their senior debt thus wiping out ALL of their investors capital. Distributions stopped a very short time after closing and I see no way for them to recover before bank forecloses since debt service is far greater than current income!!! Terrible awful underwriting from Zach Haptonstall their CEO due to his inexperience is down market cycles! Total wipeout of capital is expected, however they keep on taking in additional capital to keep property afloat before REO so that they can collect their management fees!