Our multifamily investment deal, Rise Gateway, successfully closed on November 22, 2024. The sponsor of this project is the same team we thoroughly evaluated and successfully collaborated with earlier this summer.

The reasons for choosing this project are straightforward. Beyond our familiarity with and trust in the project sponsor team, the primary factor is its location in the Dallas-Fort Worth (DFW) metro area of Texas, a region we have long monitored and hold in high regard. Between 2022 and 2023, DFW ranked first in the nation for population growth and second in job growth in 2023, making it a fast-growing and stable market.

Additionally, the property is a 1983-built Class B multifamily apartment complex with 142 units, of which 74% are two or three bedrooms. The project team acquired the property at a 28% discount and plans to renovate 82 units with premium upgrades to boost rental income and enhance property value.

Another key factor is the project sponsor’s established presence in the DFW area, where they currently own 12 properties totaling 2,999 units. With a local office in the region, the team has developed a comprehensive system for construction, property management, and financial oversight, enabling them to effectively control costs, maintain high occupancy rates, and maximize overall returns.

After conducting independent due diligence and secret on-site shopping, we concluded that this project aligns well with our investment criteria, leading us to proceed with the investment. The first distribution of this project is expected to sent out in February 2025.

We extend our heartfelt gratitude to all the investors who joined us in this project. Your vision, trust, and confidence in ACMG inspire us to keep striving for excellence. Together, we will continue accelerating wealth growth and work toward achieving financial freedom.