Create a measure that filters a status column by the latest date

Hello,

I am a newbie to powerbi and especially DAX.  I have a database that we use to keep track of the inventory of our rentable gear. I am trying to create a measure that will give the most recent status of the unit; Rented, Ready to Rent, Check Unit, Do Not Rent, Not Tracked, Unknown.

I have a look up table - EquipmentStatus.

And a data table - EquipmentList:

I would like to create a measure that gives me the latest(CreateTS) status(EquipmentStatusID) of each unique unit(TagNumber). 

Any and all help would be greatly appreciated!