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Arizona firms buy 248-unit apartment complex in North Texas

Rise48 Equity, Elevest Capital acquire Shiloh Oaks apartments for $33.5 million
Rise48 Equity and Elevest Capital acquired the Shiloh Oaks apartment complex located at 2379 Apollo Road in Garland, Texas, for $33.5 million. (CoStar)
Rise48 Equity and Elevest Capital acquired the Shiloh Oaks apartment complex located at 2379 Apollo Road in Garland, Texas, for $33.5 million. (CoStar)
By Jay Johnson
CoStar Research
August 25, 2025 | 4:11 P.M.

A joint venture of two firms based in Scottsdale, Arizona, has purchased a 248-unit apartment complex in North Texas through a distress sale.

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News | Arizona firms buy 248-unit apartment complex in North Texas