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Prolific Local Buyer Snaps Up 12th Greater Phoenix Apartment Complex of 2022

California-based Pro Residential Sells Waterfront Apartments to Rise48 Equity
The 288-unit Waterfront apartments were developed in 1980.  (Tim Nelson/CoStar)
The 288-unit Waterfront apartments were developed in 1980. (Tim Nelson/CoStar)
CoStar News
July 13, 2022 | 11:07 P.M.

Rise48 Equity bought the 288-unit Waterfront apartment complex in North Phoenix for $75.3 million, adding to the local multifamily investment firm’s buying spree that has reached a dozen properties totaling over 2,300 units this year.

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