Phoenix, AZ. (October 7, 2021) — On September 30, Neighborhood Ventures was honored as one of the 30 most innovative companies in Arizona at the AZ Big Media Innovation Awards. The company was selected as an innovator for being the first company in Arizona to take advantage of crowdfunding legislation passed in 2015 that allows non-accredited investors to participate in crowdfunded real estate opportunities with as little as $1,000.
“The fact that we were the first to offer crowdfunded real estate investments in Arizona is the obvious example of our innovation, but this innovation mindset drives everything we do,” says Neighborhood Ventures co-founder John Kobierowski, “We want to go beyond what has been done traditionally in real estate investing, and we are always looking for the next best opportunity.”
In addition to honoring the 30 most innovative companies in Arizona for 2021, the judges also selected six spotlight award winners for exceptional achievement, which were presented by event sponsor Jonathan Keyser, founder of Keyser. Neighborhood Ventures was the spotlight winner for Community Impact.
“To be honored with an Innovation Award was such an honor,” says Neighborhood Ventures co-founder Jamison Manwaring, “And then to be recognized with one of six spotlight awards, alongside companies like Waymo and Footprint, was the icing on the cake!”
According to AZ Big Media, the Innovation Award program was designed to seek, unveil, and honor organizations and individuals stretching the limits of how business is done. Winners were selected following evaluation of a written nomination, an in-person interview, and a Zoom interview.
Since being founded in 2017, Neighborhood Ventures has successfully funded nine commercial real estate properties through crowdfunding. Three have been sold, with investors receiving their 12% annual return. In total, over 500 investors have invested over $12 million in Neighborhood Ventures projects. Currently, there is one open investment opportunity – Venture on Country Club, a hotel conversion project that will bring much-needed multifamily housing to Mesa, Arizona. More at neighborhood.ventures