FORT WORTH, TX - Rise48 Equity, a leading multifamily investment group, announced the acquisition of Copperfield Apartments in Fort Worth, Texas. This 323-unit complex marks the company's 49th acquisition since 2019 and its 9th in the Dallas market, further strengthening its Texas portfolio.
Rise48 Equity has plans to invest over $9 million in revitalizing Copperfield Apartments, which will soon be rebranded as Rise Spring Pointe. The property renovations include:
Platinum-level interior upgrades: White shaker doors, Quartz countertops, plumbing fixtures, stainless steel appliances, vinyl flooring, and updated lighting.
Transformative exterior: Fresh 3-tone paint, pool area improvements, a redesigned leasing office, landscaping enhancements, and a new LED-backlit monument sign.
Rise48 Equity CEO and Co-Founder, Zach Haptonstall, said "We're excited to have acquired Copperfield Apartments off-market at a very low basis. It presents a great value-add opportunity for us in a strong submarket in Fort Worth with a lot of growth. We want to thank our investors for partnering with us on this deal, and our team is hungry to get to work and execute the plan for our investors.”
Source: Rise48 Equity