Rising Expands Platform to Acquire & Manage Multifamily Properties
Rising Realty Partners (Rising) announced today that it has expanded its real estate investment platform to acquire and manage multifamily properties across the Western United States. The company has hired Sam Manoochehri as Senior Vice President, Multifamily Investments to lead future acquisitions.
“Diversification of our investments through opportunistic acquisitions will be a key tenet of our company’s impact strategy moving forward. We are pleased we could find an executive with Sam’s experience—having acquired and developed more than $225 million in multifamily properties over the past four years—to help lead our platform,” said Christopher Rising, Co-Founder and CEO of Rising. The company previously announced an expansion of its investment platform to include Industrial Sector acquisitions.
Prior to joining Rising, Manoochehri served as Manager of Acquisitions and Finance at Empire USA, an institutional-level, multifamily-focused investment and development firm. At Empire USA, Manoochehri was responsible for all aspects of acquisitions including deal sourcing, financial analysis/underwriting, contract negotiation, debt procurement and closing.
“I’m thrilled to work under the leadership of Chris Rising and Scott McMullin to launch a robust multifamily investment platform,” said Manoochehri. “We hope to target value-add and core opportunities in primary and secondary markets across the Western United States.”