Neighborhood Ventures Becomes First Arizona-based Real Estate Crowdfunding Company
Oct 10, 2017, 07:11: AM
Arizona’s first crowdfunding real estate company, is pleased to announce its formation and launch in the Arizona (Phoenix) marketplace. The company allows all Arizona residents the opportunity to be shareholders in apartment projects in the Phoenix area.
Mr. Kobierowski, also Senior Managing Partner at Phoenix based ABI Multifamily, brings 25+ years’ experience in multifamily real estate, has brokered 900+ multifamily transactions, owned/operated over 1,000+ multifamily units and successfully developed and sold 500+ condominium units.
Mr. Kobierowski states, “The new Crowdfunding legislation has empowered all Arizonans with the opportunity to invest locally in business start-ups, which had been for decades reserved for only qualified investors. Neighborhood Ventures will focus on commercial Real Estate investment property, specifically multifamily assets. Investing in income-producing apartment buildings with the guidance of a team of seasoned professionals is the core of our investment strategy. We intend to be the go-to company for Arizonans to make investments in the apartment market.”
Prior to launching Neighborhood Ventures, Mr. Manwaring was VP of Investor Relations at Tempe-based LifeLock, where he helped lead the company to a successful sale in February 2017. Prior to LifeLock, Mr. Manwaring was a software analyst at Goldman Sachs in New York City where he participated in over a dozen software IPOs, including LifeLock‘s public offering in 2012.
Mr. Manwaring states, “Crowdfunding platforms like Kickstarter have given entrepreneurs a large audience to showcase and fund new technologies. Platforms like GoFundMe have transformed how donations for charitable causes can be raised quickly online. Neighborhood Ventures is excited to take crowdfunding to commercial real estate to allow every Arizona resident the opportunity to own a portion of an apartment project within their neighborhood.”
Thomas M. Brophy, Director of Research for Neighborhood Ventures, states, “Never has there been a better time to invest in multifamily (apartment) real estate than now. Rental housing has entered its most significant growth period in a generation fueled, in large part, by monumental demographic changes at both ends of the age spectrum. These changes will continue to propel the industry for years to come.”
The company plans to open its first project for investment in November 2017.
Neighborhood Ventures is Arizona’s first, exclusively multifamily, real estate crowdfunding platform and asset management company.
This press release was issued through 24-7PressRelease.com. For further information, visit http://www.24-7pressrelease.com.
SOURCE Neighborhood Ventures