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Rise48 Equity Acquires 210-Unit Pecan Ridge Apartments In Mesquite, Plans $5M In Upgrades
SOLD
Texas
See Similar DealsMultiFamily
Sold 01/02/2024
SOLD
Rise48 Equity Acquires 210-Unit Pecan Ridge Apartments In Mesquite, Plans $5M In Upgrades
3236 North Galloway Avenue
See Similar DealsMultiFamily
Sold 01/02/2024
Summary
TEXAS
Asset Type:MultiFamily
Transaction Type:Sale
Rise48 Equity, led by CEO Zach Haptonstall, has acquired the 210-unit Pecan Ridge apartments in Mesquite, Texas. The property, located at 3236 North Galloway Avenue, will be rebranded as Rise Town East after undergoing over $5 million in upgrades. This acquisition marks Rise48 Equity's eighth investment in the Dallas-Fort Worth area.
Summary of Transaction Details
- Property Type: Multifamily
- Transaction Amount: Not specified
- Market: Mesquite
- Units: 210
Rise48 Equity, with CEO Zach Haptonstall at the helm, continues to expand its portfolio in Dallas-Fort Worth with the acquisition of Pecan Ridge apartments. This transaction highlights the firm's commitment to investing in the region and its plans to revitalize the property.
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