Rise48 Allots $9M for FW Apartment Revamp

Rise48 Equity has purchased Copperfield Apartments, a 323-unit community in Fort Worth, from MLG Capital. Over the course of 5 years, MLG has renovated more than 100 of the property’s units, overhauled the clubhouse and swimming pool and added an outdoor firepit. And now Rise48 plans to spend $9 million more on interior and exterior upgrades.

Completed in 1984, the community comprises one- and two-bedroom floorplans, ranging between 525 and 1,067 square feet, across 10 buildings. Apartments feature renovated kitchens and bathrooms, as well as breakfast bars. Select units include walk-in closets, fireplaces, interior storage space, patios and balconies. Community amenities consist of a swimming pool, an outdoor grilling area, a gym, laundry facilities, electric vehicle charging stations and a business center.

It’s Rise48 Equity’s ninth acquisition in Dallas. The company bought its first project in 2019 and has acquired 49 since then.

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