Neighborhood Ventures (NV), an online real estate investment company that enables both accredited and non-accredited investors to invest in multifamily properties, announced the launch of Venture on Maryland, a 78‑unit multifamily community in Central Phoenix, into its Arizona Multifamily Opportunistic Fund.
Highlights of Venture on Maryland include 78 Units. The one‑bedroom layouts are in a highly walkable neighborhood. Pre‑foreclosure purchase at a 38% discount to 2022 valuation. Fourth distressed‑asset addition to the Arizona Multifamily Opportunistic Fund. Highlights of Venture on Maryland offer continued access to high‑yield multifamily assets with a $5,000 minimum investment for Arizona residents.
Neighborhood Ventures Jamison Manwaring added, “By stepping in pre‑foreclosure, we secured a substantial discount and positioned ourselves to drive meaningful value creation.” The company will spend over $2 million on improvements to the property.
Neighborhood Ventures is an online real estate investment platform that offers both accredited and non-accredited investors across the nation the opportunity to invest in multifamily properties. We revitalize underperforming properties into stabilized, cash-flowing assets that create lasting positive impacts in their communities while delivering strong returns for our investors.
