Tailwind Investment Group offloaded Rise at the Northern, a 108-unit apartment community at 17840. N. Black Canyon Highway in far north Phoenix. Rise48 Equity paid $21.7 million for the multifamily venture.

Rise48 Equity pre-empted the offer process and submitted a full-price offer with a non-refundable deposit on Day 1. Northmarq’s Phoenix Investment Sales (IS) team of Jesse Hudson, Chris Michl and Logan Baca arranged the sale for Tailwind.

The property, formerly known as The Northern, was built in 1983. Situated on 3.62 acres within the Deer Valley submarket Rise at the Northern consists of four three-story residential buildings with a mix of one- and two-bedroom floor plans averaging 868 square feet. At the time of sale, approximately 20% of units had been renovated. Rise48 Equity plans a light value-add renovation across 100% of the units. 

Community amenities include a swimming pool with lounge chairs and shade structures, heated jacuzzi, outdoor dining area and ramada, fitness center, and picnic area and BBQ grills. 

Connect Texas Multifamily in Dallas on August 13 brings together the owners, developers, brokers, investors, and lenders shaping the future of Texas multifamily for a day of market intelligence, networking, and actionable insights. Join 300+ decision-makers and be part of the conversations driving the Texas multifamily market. Register today: www.ConnectTXMF2026.com.

The post Rise48 Equity Acquires N. Phoenix Rental Community appeared first on Connect CRE.

​