Rise48 Equity has purchased Rise at the Northern, a 108-unit, garden-style apartment complex at 17840 N. Black Canyon Highway in Phoenix, from Tailwind Investment Group for $21.7 million, or $200,926 per unit.
Rise48 Equity acquires Phoenix apartment complex for $21.7 million
Buyer preempted offer process with full-price bid and nonrefundable deposit
By Clarice King with
July 15, 2026 | 6:56 P.M.
RELATED ARTICLES
This news story is available exclusively to CoStar subscribers.
Watch the video to learn how you can access industry leading CRE news and the data analytics you need to drive success.
This news story is available exclusively to CoStar subscribers.
Ready to Learn More?
Sign Up For a Personalized Demo.
Sign Up For a Demo To Learn More.
Already A Subscriber? Sign In
IN THIS ARTICLE
- Properties
- The Northern
17840 Black Canyon Hwy, Phoenix, AZ
- Companies
- Rise48 Equity
Finance and Insurance
- Tailwind Investment Group
Real Estate
- Contacts
- Logan Baca
Associate Vice President, Northmarq
- Chris Michl
Vice President of Investment Sales, Northmarq
- Jesse Hudson
Regional Managing Director, Northmarq