Neighborhood Ventures launched its NV REIT to offer individual investors a unique real estate investment opportunity.
Participation in Neighborhood Ventures projects was restricted to Arizona residents previously.
- The NV REIT has set a target of $50M with a minimum investment of $1000 and an expected return of 10%-15% annually.
- The company targets multifamily properties in residential locations that see early stages of investment or redevelopment.
- Neighborhood Ventures said it purchased 13 properties in the Phoenix area and sold five to give investors a 12% preferred annual return.
- Co-founder and CEO Jamison Manwaring said that the launch of NV REIT offers an appealing, low threshold for anyone interested in investing in commercial real estate.
