Neighborhood Ventures, a real estate operator and an online real estate investment company that enables accredited investors to invest in multifamily properties, announced the launch of Opportunistic Fund II, a $25 million vehicle that will acquire 5-8 distressed multifamily properties across high-growth U.S. markets, including Phoenix, Tampa, Salt Lake City, Charlotte, Dallas, and Denver.
The new fund targets mid-sized multifamily communities (typically 50–200 units) purchased at 30% or more below intrinsic value, with a disciplined plan to renovate, stabilize, and sell as overall market fundamentals recover.
“Opportunistic Fund II scales a proven strategy,” said Jamison Manwaring, Co-founder & 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. Over supply of newly constructed multifamily buildings in these Sun Belt and Western markets, coupled with high interest rates have built a refinancing wall that’s driven operators to sell at distressed prices. Neighborhood Ventures has a strong operational team, the capital, and the track record to move fast to acquire well located assets in these growing markets at significant discounts.”
Many owners who used floating-rate bridge loans to acquire assets in 2021–2022 are struggling to refinance into fixed-rate financing as higher interest rates and cap rate expansion have reduced property values. In cases where borrowers cannot meet refinancing requirements or inject additional equity, this has resulted in increased loan extensions, distressed sales, and a rising number of pre-foreclosure situations. NV is positioned to act quickly, sourcing assets below replacement cost, deploying capital for operational and capital improvements, and exiting into a recovering market. The fund’s strategy emphasizes rapid deployment, hands-on property management, targeted renovations, and a defined exit plan to capture appreciation.
“Execution is everything,” said John Kobierowski, Co-founder & President, Real Estate. “Our team controls acquisitions, in-house property management, and capital projects. This is the vertical integration that turns discounted purchases into stabilized, cash-flowing assets. That operational edge is what creates sustainable upside for our investors.”
