Rise48 Equity, a leading multifamily investment group, announced the acquisition of Copperfield Apartments located at 6051 S Hulen Street in Fort Worth, Texas. The property was built in 1984 and features 323 units across 3 stories.
Rise48 Equity has plans to invest over $9 million in revitalizing Copperfield Apartments, which will soon be rebranded as Rise Spring Pointe. The property unit renovations include platinum-level interior upgrades such as white shaker doors, quartz countertops, plumbing fixtures, stainless steel appliances, vinyl flooring, and updated lighting. Exterior renovations include 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.
Rise48 Equity is a multifamily investment group with offices in Dallas, Texas, and Phoenix, Arizona. The company empowers accredited and non-accredited investors to build wealth and generate passive income streams. Rise48 Equity’s expertise in acquisition, repositioning, and capital management delivers strategic returns for its partners. Since 2019, Rise48 Equity has transacted over $2.15 billion and currently holds over $1.71 billion in assets under management—all overseen by its vertically integrated property management company, Rise48 Communities.
