Rise Invest Acquires 29-Unit Apartment in Arizona, USA.

MANews-(C)2009-2022

US-based real estate investment management firm Rise Invest has acquired the apartment community known as Lofts on 3rd located at 1401 N 3rd Street in Phoenix, Arizona, the firm said.

Lofts on 3rd was recently renovated in 2019 and consists of 14 1x1 units, 14 2x2, units (twelve of which are loft style), and one penthouse unit.

The property is located just north of I-10, near the heart of downtown Phoenix and is just a 5-10 minute walk from Roosevelt Row, which has blossomed into one of the Phoenix MSA's best nightlife districts.

Lofts on 3rd has seen significant revitalization in recent years. 100% of the units have been renovated with modern finishes and in-unit washers/dryers -- in addition to significant improvements addressing amenities, deferred maintenance, and curb appeal.

The...

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