Neighborhood Ventures Closes on 123-Unit Venture on Colter Property in Central Phoenix

Neighborhood Ventures (NV), Arizona’s largest real estate crowdfunding company, announced today it has officially closed on Venture on Colter, a 123-unit multifamily property in Central Phoenix near Grand Canyon University and I-17. In a strategic first, NV purchased the property directly from a lender for $13 million, enabling the company to seize a time-sensitive portfolio acquisition at a significant discount – approximately 30% below its 2022 value.

In an impressive demonstration of investor confidence, NV has already raised $4,515,000 from 95 investors for this offering.

“Closing on Venture on Colter marks a significant milestone for Neighborhood Ventures,” said Jamison Manwaring, Co-founder and CEO. “For the first time, we executed a direct lender purchase, allowing us to move swiftly and secure this property at a compelling price. This acquisition not only enhances our portfolio with a cash-flowing, well-renovated asset but also provides our investors with a unique opportunity to benefit from long-term growth and attractive tax-deferred advantages.”

Venture on Colter, formerly known as Thom Slate on Colter, has been extensively renovated with modern cabinetry, fixtures, updated painting, and new appliances. The property’s attractive curb appeal is enhanced by two inviting pools, spacious ramadas, and updated infrastructure, positioning it as a standout asset in a rapidly growing yet space-constrained market.

Neighborhood Ventures’ innovative approach to acquiring distressed assets in high-growth markets continues to deliver strong returns. The company anticipates that, with strategic property management and focused leasing efforts, full occupancy will be achieved within the next six months.

“We’re incredibly proud of our team’s ability to capitalize on this opportunity,” said John Kobierowski, Co-Founder & President of Real Estate. “By securing Venture on Colter directly from the lender, we’ve not only locked in a substantial discount but have also reinforced our commitment to creating accessible, profitable real estate investment opportunities for both accredited and non-accredited investors.”

NV offers several investment opportunities which are open for both accredited and non-accredited investors:

• Direct Investment in Venture on Colter: $5,000 minimum for Arizona residents; $25,000 minimum for accredited investors.

• Opportunistic Fund: $5,000 minimum for Arizona residents; $50,000 minimum for national investors.

Neighborhood Ventures continues to redefine real estate investing in Arizona through innovative transactions that deliver value to investors and communities alike.

For more information on this opportunity and other investment offerings, please visit neighborhood.ventures.

Prospective investors should bear in mind that past performance is no guarantee of future results and that there can be no assurance that projects will achieve projected results.

In addition, actual future conditions may require actions that differ from those contemplated at this time, and prospective investors are cautioned not to place undue reliance on these projections. This presentation includes certain non-GAAP financial measures. Certain statements such as “believes”, “anticipates”, “plans”, “intends”, “expects”, “target” “preferred” and words of similar import constitute forward looking statements. Such forward looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward looking statements.

About Neighborhood Ventures

Neighborhood Ventures offers investment opportunities to accredited and non-accredited individual investors of all income levels, with a minimum investment amount of just $1,000. Since its inception, the company has sponsored more equity crowdfunding offerings than any other real estate investment company nationwide. To date, the group has purchased 16 properties and sold eight of them.

Find the latest information on investment opportunities and progress updates on all projects at neighborhood.ventures.