#United States #Neighborhood Ventures #Flagstaff #Venture on Lockett

Neighborhood Ventures Expands Reach with New Acquisition

On November 4, 2025, Neighborhood Ventures, a prominent real estate investment platform based in Arizona, announced its latest investment in the multifamily housing market: the acquisition of Venture on Lockett, a boutique community consisting of 18 units situated in Flagstaff, Arizona. This strategic purchase was made for $3.75 million, translating to roughly $208,000 per unit, a figure notably below the average market price for comparable properties in the area.

The acquisition of Venture on Lockett stands out not only for its price point but also for its impeccable timing and prime location, just minutes from Flagstaff's historic downtown. The appeal of this property is heightened by its current occupancy rate of 100% at the time of purchase, indicating strong demand for rental units in this vibrant community.

Strategic Acquisition and Investment

Neighborhood Ventures secured funding for the acquisition swiftly, achieving its fundraising goal of $1.4 million in less than three days. According to Jamison Manwaring, Co-founder and CEO of Neighborhood Ventures, the purchase exemplifies the company's strategy of identifying well-placed, stable properties while providing significant value to investors by acquiring them below replacement costs.

"Venture on Lockett is an exceptional asset that aligns with our mission of transforming well-located properties into stabilized, cash-generating communities. This deal is not only cash-flowing from day one, but it also holds potential for an increase in value as the market appreciates," said Manwaring.

Moreover, Neighborhood Ventures plans to implement a value-add strategy for the acquired property, investing approximately $48,000 per unit to modernize the interiors, upgrade systems, and enhance curb appeal. These improvements are projected to allow for a 50% increase in rents as the property transitions into a revitalized living space.

Local Market Conditions and Future Outlook

The real estate landscape in Flagstaff has seen notable fluctuations, providing a unique entry point for experienced investors like Neighborhood Ventures. The company's vertically integrated model—spanning sourcing, acquisition, and management—ensures efficiency and the capability to adapt to changing market conditions, thus maximizing returns.

John Kobierowski, Co-founder and President of Real Estate, added, "Properties like Venture on Lockett are highly appealing for renters who appreciate community living coupled with professional management. Given that we acquired it below recent comps and with an already full occupancy, we feel confident in its potential for long-term cash flow and appreciation, which are crucial aspects for our investors."

Investor Engagement and Community Impact

Neighborhood Ventures remains committed to not only enhancing the quality of housing in Arizona but also fostering opportunities for local investors. The company has developed a robust online platform that enables both accredited and non-accredited investors to take part in real estate ventures, ensuring accessible and impactful investment opportunities.

As the market continues to evolve, Neighborhood Ventures will actively manage the Venture on Lockett community, focusing on resident satisfaction and maintaining high occupancy rates. This strategic management, combined with the planned renovations, aligns with the company's core objective of transforming underperforming assets into thriving, sustainable living environments.

For further details about Venture on Lockett and other investment opportunities, interested parties can visit Neighborhood Ventures' official website. Prospective investors should remain aware that while the past performance of projects may inform future expectations, actual results can differ based on changing conditions.

Neighborhood Ventures is determined to pave the way for enduring improvements in the Arizona real estate sector while providing favorable returns for its investors and positively impacting the community. By continuing to seek undervalued assets and enhancing their value, Neighborhood Ventures demonstrates its steadfast vision for sustainable growth and investment success in the multifamily housing market.