ZACH HAPTONSTALL

CEO and co-founder Rise48 Equity and Rise48 Communities

BACKGROUND: Rise48 Equity is a retail syndication multifamily investment company with offices in Phoenix and Dallas. Rise48 Equity has completed more than $1.95 billion in total transactions and purchased 43 assets and more than 7,600 units since 2019. The company has more than 240 full-time employees on full healthcare benefits.

Rise48 Communities is the vertically integrated property management company that manages all assets owned by Rise48 Equity.

TREND TO WATCH: “People should be watching organic rent growth in Phoenix multifamily, leasing activity, household demand and how interest rates will affect the market heading into 2024. We need to keep an eye on potential distressed sellers who have interest rate caps and loan terms that may be expiring in 2024 and how this will impact pricing and transaction volume.”

SOURCE OF PRIDE: “Employing more than 240 full-time W-2 employees on full healthcare benefits is our biggest accomplishment, undoubtedly. It’s really cool to know we are playing a role in supporting that many families, and it makes us proud that 240 people trust our organization to help support their families when they have other options for employment. It’s something to be proud of but also a big responsibility to ensure we continue to grow and thrive because many people are depending on us.”

INFORMATION: rise48equity.com