Investors Gain Long-Term Value and Tax-Deferred Benefits in a High-Growth Market
(PRUnderground) February 7th, 2025
Neighborhood Ventures (NV REIT), a leading real estate investment company utilizing crowdfunding to enable both accredited and non-accredited investors to invest in multifamily properties, is excited to announce the UPREIT transaction for Venture on Elden, a 17-unit multifamily property in Flagstaff, AZ. Originally acquired in 2021, the well-performing asset has been added to the NV REIT portfolio, offering investors continued participation in its future growth and cash flow benefits. It is located at 201 S Elden St, Flagstaff, AZ 86001.
Flagstaff has rapidly grown in popularity, yet its limited land availability restricts expansion, making well-located multifamily properties like Venture on Elden increasingly valuable. The UPREIT transaction has allowed investors to roll over their capital on a tax-deferred basis while benefiting from property appreciation and a steady income stream.
“Elden has been a strong performer in our portfolio, and this UPREIT transaction has allowed our investors to continue participating in its long-term success,” said Jamison Manwaring, Co-founder and CEO of Neighborhood Ventures. “Flagstaff’s housing market remains highly constrained, which supports rent growth and property appreciation. This move strengthens NV REIT’s portfolio while providing investors with tax advantages and flexible liquidity.”
Benefits to NV REIT Investors:
- Continued Cash Flow & Growth: Venture on Elden remains highly occupied, contributing to NV REIT’s consistent 95% portfolio-wide occupancy rate.
- 5% Monthly Dividend Yield: NV REIT currently distributes a 5% annual dividend, paid out monthly.
- 80% Property Appreciation Share: Investors benefit from long-term property value growth, reflected in NV REIT’s Net Asset Value.
- Tax-Deferred Profits: Similar to a 1031 exchange, investors defer capital gains taxes, allowing for compounding growth.
- Enhanced Portfolio Strength: With this addition, NV REIT’s average interest rate rises slightly to 4.45%, but loan-to-value improves from 54% to 50%, reinforcing financial stability.
Originally built in 1965, Venture on Elden features 16 two-bedroom / one-bathroom units as well as one studio apartment. The property is situated in a prime location near Historic Route 66 and I-40. Neighborhood Ventures completed significant renovations, including interior upgrades with new cabinetry, fixtures, appliances, and exterior enhancements such as fresh trim paint and updated landscaping.
“This property was a great investment from day one,” said John Kobierowski, Co-founder & President of Real Estate at Neighborhood Ventures. “We acquired it at the right time, improved it significantly, and now, through this UPREIT transaction, we’re allowing investors to continue benefiting from its success while strengthening the REIT’s overall portfolio.”
Neighborhood Ventures continues to prioritize high-quality, cash-flowing multifamily assets in strong Arizona markets. This transaction underscores NV REIT’s commitment to providing investors with stable returns, tax-efficient growth, and strategic real estate opportunities.
For more information on investment opportunities, 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 15 properties and sold 8 of them, paying investors a 12% preferred annual return on their investments.
Find the latest information on investment opportunities and progress updates on all projects at neighborhood.ventures.
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Original Press Release.
