Rise Fund IV

I went into a Phoenix deal with Rise48 in 2022 and I want to be fair about it. The team was professional and the communication during fundraising was solid. No complaints there. My issue is how the deal was structured. They bought when prices were high using short-term floating-rate debt, and when interest rates climbed it put the property under real pressure. Distributions got paused, and eventually there was a request for more capital. I understand the market moved against everyone, but I don’t think the risk was explained as clearly as it should have been going in. The other thing that sits wrong with me is that the sponsor fees get paid regardless of how the investment actually performs. That’s standard in this business, but it stings when you’re the one absorbing the losses. I’m not saying they’re bad people or that they did anything dishonest. I just wish I’d asked harder questions about the debt and what happens in a downturn before investing. If you’re considering them, do that homework first.

The team at Rise 48 is impressive, they took the time to meet to outline their company, their offerings, and the steps towards becoming an investor with their firm. Additionally, the team pays attention to the details and are very transparent. Once invested, they provide a solid recap of the property and how it is performing. As new opportunities arise, they provide solid communications and overviews; more importantly, they answer any questions you may have. I find the Rise team professional, responsive, and respectful. When you invest with Rise, you are investing with a large company that maintains relationships as if they were small....they are A Great Partner.

Rise48 Equity has been an outstanding multifamily syndication partner for me as an investor in Arizona, Texas, and North Carolina. Their underwriting and deal analysis are extremely thorough, and that rigor shows up in how they select and operate assets in these growth markets. Investor presentations are top-tier. Clear, data-driven, and professional making it easy to understand the business plan, risk profile, and projected returns for each offering. What stands out most is the depth and quality of their team; everyone I’ve interacted with consistently goes above and beyond, and their vertically integrated structure across acquisitions, operations, and asset management is a real advantage. Their distributions and overall performance have been constant and consistent for me, aligning well with their focus on value-add multifamily and disciplined execution. Communication is the best I’ve experienced in the industry, with regular updates, transparent financial reporting, and easy access to information about each property’s performance. As someone who actively evaluates sponsors and underwriting, I find their business model and market selection compelling for long-term wealth building. Based on my experience to date, I fully expect to continue partnering with Rise48 Equity and deploying additional capital into future deals.

I have been investing in passive income opportunities, primarily multifamily real estate syndications, for more than 10 years. Rather than buying and managing properties directly, I have preferred opportunities where experienced sponsors handle acquisitions, operations, asset management, and investor reporting. About three years ago, I began following Rise48 and became increasingly interested in their projects. In January 2026, I spoke with a long-time friend who had invested in approximately five Rise48 projects. He shared both the pros and cons of his experience, which helped me evaluate the opportunity more thoughtfully. Based on that conversation and my own review, I saw Rise48 as a strong opportunity and invested in two projects beginning in early 2026. One of the most positive parts of my experience so far has been the communication. My communication with Nick Stormwall has been excellent. He has been available, responsive to emails, and willing to work with me through the details of each project. He has also helped me better understand the projections and assumptions behind the investments. I also appreciate the investor portal, the monthly distributions, and the regular updates. At this point, I plan to continue reviewing future Rise48 projects and may invest in additional opportunities that fit my criteria. As I evaluate more projects, I am especially interested in identifying patterns that may indicate which opportunities are stronger than others. What I Am Looking For in Future Projects As I continue evaluating Rise48 opportunities, I am trying to identify patterns that may help me understand which projects are stronger than others. My goal is not only to look at projected returns, but also to understand the assumptions, risks, market fundamentals, and execution plan behind each investment. • Market and location strength, including population growth, employment trends, rental demand, and overall economic stability. • Purchase price compared with similar properties in the area, so I can better understand whether the deal appears fairly priced. • Debt structure, interest rate exposure, and refinancing risk, especially in changing market conditions. • Renovation plan, budget, and timeline, including whether the improvements seem realistic and likely to increase rents or property value. • Current occupancy, leasing trends, and the property’s ability to maintain stable income during the business plan. • Distribution history and whether projected cash flow appears conservative, realistic, or aggressive. • Sponsor communication, transparency, and responsiveness throughout the investment process. • Exit strategy, expected hold period, and how sensitive the projected returns are to market conditions at the time of sale. • Exit strategy, expected hold period, and how sensitive the projected returns are to market conditions at the time of sale. Overall, my experience with Rise48 has been positive so far, especially in terms of communication, investor access, and operational updates. While I remain focused on understanding the risks and comparing one project against another, I view Rise48 as a sponsor worth continuing to evaluate for future multifamily syndication opportunities.