All Press Releases for October 10, 2017

Neighborhood Ventures Becomes First Arizona-based Real Estate Crowdfunding Company

Neighborhood Ventures is Arizona's first multifamily crowdfunding platform, and asset management company, that allows every Arizona resident the ability to invest locally.

Neighborhood Ventures is excited to become Arizona's first multifamily crowdfunding platform, and asset management company, that allows every Arizona resident the ability to invest locally.

    PHOENIX, AZ, October 10, 2017 /24-7PressRelease/ -- Neighborhood Ventures (NV), 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.

The company was formed by apartment real estate veteran John Kobierowski and former Goldman Sachs tech analyst Jamison Manwaring.

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 Arizonan's 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 then 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.

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Thomas Brophy
Neighborhood Ventures
Phoenix, AZ
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