Rise Capital has completed the acquisition of The Reserve in Carbondale, Illinois. Thank you investors for your support and trust.
We come from a variety of backgrounds and places near and far, even opposite sides of the world, but share in common the values that lead to one thing: Do the Right Thing.
Gopal Sadagopal and Ryan Schmidt had never met when each of them started buying real estate investments around 2010. Each built up a respectable portfolio independently before they met in 2015 and started investing in apartment buildings as a team. Rise Capital employees have also been involved in real estate prior to joining the team. In total, Rise Capital principals and employees have over 70 years of residential investment property experience.
Operating originally as LOTI Holdings, Gopal and Ryan purchased seven apartment investments totaling 310 units and $10M in purchase costs with their own private funding.
After being asked by friends and family how they could be involved, Rise Capital, LLC was formed in order to offer a passive real estate investment option in apartment purchases, called "Rise Opportunities." This means that investors get ownership in the investments without having to do any of the buying or management themselves. There have been three Rise Opportunities to date totaling 482 units, $18.1 in purchase costs, and $4.7M in investor funds contributed.
You would be hard-pressed to find a team that's harder-working, more transparent, and more experienced than the team at Rise Capital. Plus, it's doubtful you'll find a team that has more fun in the process.
Briarwood Apartments in Woodward, Oklahoma (Investment type: Syndicated "Rise Opportunity II"), had 70% occupancy in a market that had an average of 85%+ occupancy. Its operational expenses were also running substantially higher-than-normal. Immediately after our purchase, we improved rental marketing, created more flexible leasing policies and reduced operating expenses. The occupancy increased to over 80% within a few months. In 2019, investors received the cash equivalent of 24% annual returns (8% preferred return plus a capital return.) For the six month period of January through June of 2020, Investors received an 8% (annualized) return on their remaining capital.
to help us improve your experience.