FORT WORTH, TX – Rise48 Equity, a leading multifamily investment group, announced the acquisition of Copperfield Apartments in Fort Worth, Texas. This 323-unit complex marks the company’s 49th acquisition since 2019 and its 9th in the Dallas market, further strengthening its Texas portfolio.
Rise48 Equity has plans to invest over $9 million in revitalizing Copperfield Apartments, which will soon be rebranded as Rise Spring Pointe. The property renovations include:
Platinum-level interior upgrades: White shaker doors, Quartz countertops, plumbing fixtures, stainless steel appliances, vinyl flooring, and updated lighting.
Transformative exterior: Fresh 3-tone paint, pool area improvements, a redesigned leasing office, landscaping enhancements, and a new LED-backlit monument sign.
Rise48 Equity CEO and Co-Founder, Zach Haptonstall, said “We’re excited to have bought Copperfield Apartments off-market at a very low basis. It presents a fantastic value-add opportunity for us in a strong submarket in Fort Worth with a lot of growth. We want to thank our investors for partnering with us on this deal, and our team is hungry to get to work and do the plot for our investors.

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DENVER, CO – An affiliate of Oberndorf Real Estate Management (OBREM) and The Bascom Group, announced they have closed on the acquisition of the 360-unit Hearthstone at City Center, located at 932 South Helena Way in vibrant Aurora, Colorado, for $74 million.
Hearthstone marks Bascom’s fourth acquisition of 2024 and comes shortly after the recent acquisitions of The Overlook, a 344-unit garden style multifamily property located in Albuquerque, New Mexico and Texan26, a 204-bed student housing community in Austin, Texas. Once the largest multifamily owners in the state of Colorado, Hearthstone is Bascom’s 37th acquisition in the state and 10th acquisition in the city of Aurora.
Constructed in 1984 as a low-density community comprised of forty-one buildings across 18.25 acres, Hearthstone features ample onsite outdoor space and a diverse mix of one-, two- and three-bedroom floor plans. The community is conveniently located southeast of Aurora City Center, a midway point between Downtown Denver and Denver International Airport, just minutes from the I-225 highway, the Aurora Metro Center Station RTD Line, and a 20-minute drive to Downtown Denver.
Residents at Hearthstone can access hundreds of thousands of employment opportunities within a 20-minute commute from the property. Nearby employment hubs include Fitzsimons Medical Campus, Buckley Space Force Base, Denver International Airport, Denver CBD, Denver Tech Center and Cherry Creek. Hearthstone’s location offers superb access to key quality of life attractions and recreation given a diverse selection of shopping, dining and retail in the vicinity, and outdoor activities in Aurora’s many parks, in-town trails and reservoirs, including the scenic 4,000-acre Cherry Creek State Park, and outdoor art and golf courses, all within the backdrop of the Rocky Mountains.
The community has been well-maintained over numerous renovation programs throughout the years and offers select units with contemporary appliances, in-home washers and dryers, hardwood-style flooring, walk-in closets, fireplaces and private patios and balconies. The highly amenitized property has a resort-style pool, outdoor grilling and picnic areas, fitness center and sauna, pet park, playground, basketball court and on-site laundry.
Renters delight in a 50% discount relative to the costs of home ownership in the immediate area. The partnership believes it is acquiring this property at an attractive basis and yield resulting from the highly volatile economic environment over the last twenty-four months. Peter Oberndorf, Managing Director at Oberndorf Real Estate Management, said, “While there is some softness in rents due to elevated supply deliveries, the partnership is positive on the long-term trajectory of the Aurora submarket and greater Denver MSA as new supply becomes harder to build given the higher interest rate environment and recent development restrictions, which will stagnate supply for the foreseeable future.”
The partnership’s business plot includes an extensive value-add renovation program that includes upgraded appliances, countertops and lighting; additional in-unit washers and dryers; added kitchen backsplashes; new cabinets and fixtures; and wood plank flooring. Common area improvements are plotted for the fitness center, leasing center and pool, as well as a completely redesigned multipurpose activity area, façade enhancements and revamped landscaping.
Jim Singleton, Bascom’s Senior Vice President & Principal of Acquisitions, shared, “We are thrilled to make yet another multifamily investment in the city of Aurora and state of Colorado. Despite a challenging transaction market, we are finding select opportunities that we anticipate will be strong investments for our company and our highly valued partners such as OBREM.”
Bascom’s Senior Vice President of Portfolio Operations, Paul Zakhary, added, “Bascom plans to further elevate the Property by strategically repositioning and improving operations that will make Hearthstone a top choice among multifamily product in the immediate area.”
The partnership continues to focus on investments in the multifamily sector across the United States, with a focus on value-add opportunities that arise as pricing resets occur amid significant global macroeconomic pressures.

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PORTLAND, OR – CONAM Strategic Investments Fund IV LP, a discretionary fund sponsored by The CONAM Group (CONAM), announced the buy of Skylar Grand, a 170-unit Class A multi-family community with 5,698 SF of retail in Portland, Oregon. This property adds to CONAM s portfolio within Portland and is the first deal in Fund IV.
Completed in 2022, Skylar Grand offers a variety of floorplans including studios, one-, two- and three-bedroom units with high-end finishes and features such as premium stainless-steel appliances, air conditioning, full wall tile backsplashes, quartz countertops and designer cabinetry. The property features a highly desirable community amenity package including a top-floor outdoor terrace with panoramic views, BBQ and fire table, social lounge with a full kitchen, large flatscreen TV and shuffleboard table. The community boasts ample bike storage, dog wash, residential lobby, coffee lounge, and a club quality fitness center. Skylar Grand achieved LEED Gold certification, the result of the quality construction and low impact materials used as well as the energy efficiency of the property.
CONAM has been focused on finding high quality assets at an attractive cost basis. We are pleased with the acquisition of Skylar Grand as the first deal in our Fund IV, it compliments our portfolio well as we own two assets within 1-mile of Skylar Grand, says Robin Elihu, CONAM s Western US Acquisitions Director. Skylar Grand is a stunning property with panoramic views of Portland and walkability to award winning restaurants, bars, cafes, and breweries. It offers residents a phenomenal live, work, play environment in an unmatched location.
Located within one of Inner Eastside s newest and most vibrant neighborhoods, Burnside Bridgehead, Skylar Grand is directly on the Portland Streetcar A and B loops while also earning a perfect 100 Bikers Paradise Bike Score, residents have simple access to the best of the Inner Eastside. The asset is minutes away from the Moda Center, home to the Portland Trailblazers and just three blocks away from the Willamette River and Eastbank Esplanade pedestrian and bicycle trail that offers quick entry to its 2.7-mile loop connecting to Willamette Greenway on both sides of the river.
Portland ranked as a top tech market in the nation, with over 20% of all new jobs made being in the tech industry. More than $800 million of technology related venture capital has been raised in Portland over the last 5 years. Per the Oregon Employment Department, software jobs are growing at a double-digit rate, placing Oregon third after Washington and Massachusetts for the highest concentration of software developers in the country. Tech companies are drawn to Portland s affordability, culture, and sustainable ethos, along with relatively affordable office lease rates when compared to San Francisco, Seattle, and Boston.
Looking forward, CONAM continues to evaluate opportunities that align with our investment strategy in Fund IV. We are active buyers within the market and are excited to continue to grow the portfolio nationally.

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