Track Record of Execution

Since its founding, 48 Investments has acquired, operated, and advised on multifamily projects across Arizona, with a focus on value-add repositioning, modular development, and strategic joint ventures. While the firm remains boutique by design, each investment reflects a hands-on, disciplined approach to creating long-term value.

Beyond direct ownership, the team at 48 Investments has advised on numerous multifamily & student housing projects totaling over $550 million in value. Roles have included acquisition, underwriting, asset management, renovation oversight, and development planning.

  • An outdoor swimming pool surrounded by lounge chairs and yellow and white umbrellas, with some trees and a building in the background during sunset.

    Park West - Glendale, AZ

    85 Units | Acquired 2025 | $9.39M
    Off-market REO purchase acquired at ~$110K/unit, well below prior sale and loan value. Light value-add strategy with stabilized rents supported by nearby retail and new sports district.

  • A courtyard between two apartment buildings with gravel and rock landscaping, stairs leading to second floors, a large tree with bare branches, and a blue sky.

    West Frontier - Payson, AZ

    42 Units | Acquired 2023 | $6.43M
    Condo-mapped garden-style property. Value-add strategy to fully renovate all interiors and capitalize on the undersupplied Payson rental market.

  • Freedom Pointe - Mesa, AZ

    60 Units | Development | Est. Delivery 2026
    Conversion of the existing Circle RB Motel into an infill modular development project utilizing Boxabl technology. Providing affordable stable rentals veterans.

  • Interior of a modern lobby with leather sofas, large windows, brick accent wall, and tiled floor.

    The Alhambra - Mesa, AZ

    37 Units / 60 Beds | Acquired 2022 | $6.3M
    Fully renovated in 2017, The Alhambra is a historic student housing asset located across the street from Benedictine University in downtown Mesa. The property is leased to the university on a long-term NN lease.

  • 102 E Hatcher Rd - Phoenix, AZ

    4 Units | Acquired 2021 | $363k

  • 9404 N 2nd Pl - Phoenix, AZ

    4 Units | Acquired 2021 | $388k

  • 1801 N 25th Pl - Phoenix, AZ

    7 Units | Acquired 2021 | $1.05M

  • 5225 E Taylor St - Phoenix, AZ

    5 Units | Acquired 2021 | $620k

    Sold 2025 | $950k

  • Westwind Studios

    11 Units | Acquired 2017 | $520k

    Sold 2019 | $970k