Neighborhood Ventures offers crowdfunding investment opportunity in Midtown

**Above:** **A view of Midtown Phoenix looking south towards Downtown Phoenix.**
**Photo by Mike Mertes / AZBigMedia**

AZ Big Media | AZRE

Arizona residents looking to get in on the booming real estate market in Phoenix can invest as little as $1,000 in a new Neighborhood Ventures project, Venture at Villa Hermosa. The latest offering is a charming 14-unit property, located in Midtown Phoenix, that will be purchased, remodeled, and run as an Airbnb retreat. The target hold period for this investment is 2 years, with a preferred investor return of 12%.

The project was announced in January, and so far, 73 individuals have invested a total of $456,000 of the total targeted investment amount of $750,000. Jamison Manwaring, Neighborhood Ventures co-founder and CEO, says this is the second property the company is crowdfunding, renovating, and running as an Airbnb.

“Our first crowdfunded Airbnb project, Venture on 66^th in Old Town Scottsdale, has been completely renovated, and the eight-unit building has been booked consistently with short-term rentals. We are looking to duplicate this success with Venture at Villa Hermosa.”

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February 18, 2020

Airbnb, Crowdfunding

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Neighborhood Ventures offers crowdfunding investment opportunity in Midtown

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