Rise48 Equity Buys 320-Unit Rise Trinity in Carrollton

Rise48 Equity has acquired Rise Trinity, a 320-unit apartment community at 2500 Guerrero Drive in Carrollton. Pecos Housing Finance Corp. was the seller. The price was not disclosed; the Dallas Central Appraisal District lists the 2026 appraised value at $57.6 million.

Built in 1981 and formerly known as The Holden, the two-story property was renamed following the November 5, 2026 closing. The deal is Rise48 Equity's 70th acquisition and its 16th in DFW.

A $6 million capital improvement program is planned. Occupancy runs under 84%, with a target of roughly 93%, in line with the firm's other DFW properties.

Existing amenities include two pools, a fitness center, a clubhouse, a dog park, a playground, sport courts, picnic areas with grills, and covered parking. Planned additions include pickleball courts and in-unit washers and dryers. Average household income within a one-mile radius is about $120,000.