Valley’s Hot Multifamily Market Attracts Investors of all Stripes — Including Other Industries


Article originally posted on Phoenix Business Journal on October 8, 2020

Zach Haptonstall was making more than $200,000 a year running a hospice company in Scottsdale.

By the time he was 23, he was making more money than his parents combined and already owned his own home. But in 2018, he was burned out, and sold his share of Sage Hospice.

He didn’t quite know what he wanted to do, and blew through a lot of his savings thinking about it.

Zach Haptonstall, co-founder of Rise48 Equity LLC in Scottsdale.

Zach Haptonstall, co-founder of Rise48 Equity LLC in Scottsdale.

Linda Fritz-Salazar, vice president and associate broker for Orion Investment Real Estate in Scottsdale, said she first met Haptonstall when he was just delving into the multifamily market.

“Right off, I knew he would do well,” she said. “He is very respectful, eager to listen and learn and looks for advice. He has surrounded himself with very qualified partners and business associates. He has started a monthly gathering for multifamily owners and investors.”

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