Scottsdale investor Rise48 snags 194-unit Mesa apartment asset at ‘massive discount’ to be renamed Rise Valley Heights

  • 3/30/2026

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Phoenix Business Journal

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Highlights
Rise48 Equity paid $33.8 million for a 194-unit Mesa apartment community
The company now owns 31 assets totaling more than 6,000 units in metro Phoenix
Rise48 Equity expects the oversupplied multifamily market to stabilize by end of 2026

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