Zach Haptonstall Of Rise48 Equity Acquires 248-Unit Shiloh Oaks Apartments In Garland For Off-Market Value

The property involved in this transaction is the Shiloh Oaks Apartments, a multifamily asset located at 2379 Apollo Road in Garland, TX. The property consists of 248 units and has been acquired off-market at a price significantly discounted from peak valuations.

Summary of transation details:

• Property Type: MultiFamily
• Transaction Amount: Not disclosed
• Units: 248
• Address: 2379 Apollo Road
• Market: Garland
• Buyer: Zach Haptonstall - Rise48 Equity

Zach Haptonstall, representing Rise48 Equity, has plans to renovate a significant portion of the units, specifically 88%, and upgrade the property's amenities. The acquisition aims to enhance the asset's value through a comprehensive value-add execution strategy leveraging the firm's vertically integrated platform.