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**Neighborhood Ventures Launches $25M Opportunistic Fund to Target Distressed Multifamily Properties**
Neighborhood Ventures, a Phoenix-based online real estate investment platform, has announced the launch of Opportunistic Fund II—a $25 million investment vehicle aimed at acquiring between five and eight distressed multifamily properties. The fund will focus on high-growth U.S. markets including Denver, Tampa, Salt Lake City, Charlotte, Dallas, and Phoenix.
The new fund is strategically designed to acquire mid-sized multifamily communities at prices at least 30% below their intrinsic value. This approach builds upon the success of the firm’s initial Opportunistic Fund, which was focused on the Arizona market.
“Opportunistic Fund II scales a proven strategy,” said Jamison Manwaring, co-founder and CEO of Neighborhood Ventures. “We launched our first Opportunistic Fund to capitalize on multifamily distress in Arizona, and now we’re expanding geographically to access deeper deal flow. Oversupply of newly constructed multifamily buildings in these Sunbelt and Western markets, coupled with high interest rates, has built a refinancing wall that’s driven operators to sell at distressed prices.”
The fund’s strategy involves acquiring undervalued properties, deploying capital toward operational and capital improvements, and eventually exiting those investments in a recovering market.
With Opportunistic Fund II, Neighborhood Ventures aims to leverage current market conditions to unlock value and generate strong returns.
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