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Neighborhood Ventures Acquires Venture at Mountain View through a Unique UPREIT Transaction

PRIVATEAug 01, 2024

Acquiring Company

Neighborhood Ventures

Acquired Company

Venture at Mountain View

FlagstaffPhoenixReal EstateReal Estate InvestmentInvestment ManagementReal EstateHospitality

Description

Neighborhood Ventures, a leading real estate investment company, has announced the acquisition of Venture at Mountain View through a unique tax-deferred UPREIT transaction. This innovative move offers substantial benefits, including flexible liquidity options, to existing investors and demonstrates Neighborhood Ventures' commitment to delivering value and innovative solutions.

Quick answer

Neighborhood Ventures is acquiring Venture at Mountain View, announced August 1, 2024. Neighborhood Ventures is based in Flagstaff, Arizona, United States.

How much did Neighborhood Ventures pay for Venture at Mountain View?
The deal value was not disclosed.
What does Neighborhood Ventures do?
Neighborhood Ventures is a real estate investment firm specializing in multifamily renovation projects.
Where are Neighborhood Ventures and Venture at Mountain View based?
Neighborhood Ventures is based in Flagstaff, Arizona, United States. Venture at Mountain View is based in Phoenix, Arizona, United States.

Source: Fundz verified event record.

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Company Information

Company

Neighborhood Ventures

Location

5227 N 7TH STREET

Flagstaff, Arizona, United States

About

Neighborhood Ventures is a real estate investment firm specializing in multifamily renovation projects. The company focuses on improving properties through significant capital investments and aims to enhance value and appeal. They actively engage both accredited and nonaccredited investors for funding, with a commitment to performing renovation work in-house. Currently, they are expanding their operations in several markets beyond Greater Phoenix and Flagstaff.

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Frequently asked

Who acquired Venture at Mountain View?

Venture at Mountain View was acquired by Neighborhood Ventures, based in Flagstaff. The deal was reported on August 1, 2024. Neighborhood Ventures is a real estate investment firm specializing in multifamily renovation projects. Neighborhood Ventures is privately held and operates in Real Estate.

When did Neighborhood Ventures acquire Venture at Mountain View?

Neighborhood Ventures's acquisition of Venture at Mountain View was reported on August 1, 2024. Neighborhood Ventures, a leading real estate investment company, has announced the acquisition of Venture at Mountain View through a unique tax-deferred UPREIT transaction. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Venture at Mountain View do?

Venture at Mountain View is a 26-unit apartment complex originally built in 1983, consisting of ten 1-bedroom/1-bathroom units and sixteen 2-bedroom/1-bathroom units. It is privately held, operating in Real Estate, and is based in Phoenix.

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