Rise48 Equity Makes Two Multifamily Acquisitions, W Flats and Matthews Pointe Apartments in Charlotte

Rise48 Equity, a leading multifamily real estate investment group, recently announced the acquisition of W Flats Apartments (247 units) and Matthews Pointe Apartments (100 units) in Charlotte, North Carolina.

Both properties will be rebranded as “Rise Blue Ridge” and “Rise Matthews Pointe,” respectively, and are located in premium submarkets in the Charlotte MSA. Rise48 Equity plans to revitalize W Flats Apartments and Matthews Pointe Apartments with an investment of more than $7 million.

These acquisitions mark a significant milestone as they are the company’s 52nd and 53rd acquisitions since 2019 and its first two transactions in the Charlotte metropolitan area, expanding its reach to the East Coast.

Renovations to both properties will include:

Platinum level interior upgrades including new white cabinets with shaker doors, quartz countertops, subway kitchen backsplash, plumbing fixtures, stainless steel appliances, vinyl plank flooring and updated lighting. Exterior transformation including fresh 3-tone paint, new LED illuminated monument sign and improved marketing banners.

Rise48 Equity CEO and Co-Founder Zach Haptonstall said, “We are excited to enter the North Carolina market with these two new acquisitions. North Carolina has been a market we have targeted for some time due to its strong foundation of population growth, job growth and high median income relative to affordable rents. We have a strong local team and the foundation to scale in the market for years to come. We thank all of our investors for partnering with us on these two great opportunities. Our team in Charlotte has already begun working on business plans for these two assets.”

Rise48 Equity is a multifamily investment group with offices in Phoenix, Dallas, and Charlotte. Dedicated to supporting accredited and non-accredited investors, the firm focuses on creating wealth-building opportunities while providing exceptional life experiences for residents. Rise48 Equity’s expertise in acquisitions, repositioning, and capital management delivers strategic returns for its partners. Since 2019, Rise48 Equity has completed over $2.27 billion in transactions and currently has over $1.83 billion in assets under management, all overseen by its vertically integrated real estate management company, Rise48 Communities.