THINK OUTSIDE THE STOCKS alongside RISE48 EQUITY are pleased to bring you our latest offering RISE BLUE RIDGE.
Equity Multiple
Avg. Annual Cash Flow
Internal Rate of Return (IRR)
Average Annual Return (AAR)
Purchase Price $35,000,000
Equity Raise $18,243,751
Occupancy 95.1%
Hold Period 2-5 Years
Rise Blue Ridge is a B+ class asset located in a B+ submarket of Charlotte, North Carolina. The property is located in the premium East Forest submarket. 7 miles from Wells Fargo East Coast HQ (27,000+ employees) 5 miles from Novant Matthews Hospital (1,400+ employees). 7 miles from Bank of America National Headquarters (16,000+ employees) 8 miles from Duke Energy Headquarters (37,000+ employees)
Rise Blue Ridge presents an excellent opportunity to increase the value by renovating 99% of the units (245 units). 31% of the units will be renovated to Rise48's platinum level which includes vinyl plank flooring, stainless-steel appliances, new white cabinet boxes with shaker doors and modern hardware, quartz countertops, subway tile kitchen backsplash, and modern electrical and plumbing fixtures. 68% of units will be renovated to Rise48's high-level scope which includes stainless steel appliances, new vinyl plank flooring, baseboard, and two-tone paint.
Rise48 performed a full due-diligence and walked every single unit with our contractors and our vertically-integrated management company to ensure that all aspects of the property were inspected. Rise48 have adequately budgeted for any necessary repairs to the roofs, plumbing and capital items
Syndication team is THE backbone of any syndicated investment. In addition to the exceptional ability to source, close, manage and exit an investment, their ability to withstand the challenges matters! With a strong track record, Rise48's position in the current market cycle speaks for itself:
One of the biggest driver in multifamily acquisition, is it's business plan to renovate, increase the rents and hence the value of the property "the value-add", pushing the sale price at exit substantially up.
The biggest pressure of current market cycle and difficulty in any real estate transaction is High Interest Rate. Rise48's experience is not just in acquiring an stabilizing assets, but they have also learned tremendously from the fluctuating interest rate environment and have a strategy in place.
National Corporate Headquarters with 16,000+ employees.
East Coast HQ in Charlotte, NC with 27,000+ employees
Largest Coca-Cola bottler in the United States with 16,000+ employees
National Corporate Headquarters with 10,000+ employees.
Fortune 150 company headquartered in Charlotte, NC with over 29,000+ employees nationally
Headquartered in Charlotte, NC with 850+ employees. 16,000+ employees
Exceptional Track Record: Rise 48 has successfully completed over 50 acquisitions, totaling more than $2 billion in assets. Their strong presence in key markets such as Phoenix, Dallas, and North Carolina showcases their expertise and strategic positioning in these competitive regions.
Charlotte ranked #5 in the US for population growth from 2021-2022. Charlotte is the 15th most populous city in the United States (US Census Bureau)
Charlotte is expected to have positive rent growth of 1.3% in 2024 (Costar).
Charlotte offers a competitive tax structure and robust incentives for a business-friendly environment
Avg Monthly Mortgage Payment: $2,998
Average rent: $1,533
As of February 2024, Charlotte’s unemployment rate was 3.6%, which is lower than the national unemployment rate of 4.2% (not seasonally adjusted) (US BLS)
in Charlotte added over 20,500+ new jobs previous year, which represents a 1.5% increase in total jobs in the city (US Bureau of Labor Statistics).
