Why this Valley apartment investor is starting his own construction firm

Zach Haptonstall, co-founder and principal of Rise48 Equity.

By Angela Gonzales | Phoenix Business Journal

Zach Haptonstall has been busy, to say the least. The co-founder of Scottsdale-based Rise48 Equity LLC — which has $1.63 billion in multifamily assets under management in metro Phoenix — is starting his own construction firm to handle renovation projects of the apartments he’s buying.

This move follows last fall’s creation of his own property management firm to manage all the apartment communities owned by Rise48 Equity.

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