Skip to main content

Stabilization

The Company acquired Venture on 52nd Street, a 71-unit multifamily property, through foreclosure for $11,000,000 ($155,000 per unit).

In 2022, the property was valued at $18,250,000. Additionally, the previous owner completed extensive interior and exterior renovations, positioning the asset for strong operational and appreciation performance. At the time of purchase, the property was over 90% occupied.

The Company plans to enhance operational efficiency through proactive property management, stabilize occupancy, raise rents to market rates, and execute a profitable exit within three years at a target sales price of $17,000,000 ($240,000 per unit).

Learn More About Venture on 52nd at Venture Residences

📍 Located in Phoenix, AZ, this fully funded property is on VentureResidences.com .

In addition to this property, we’ve successfully funded and managed several other modern living communities. Discover what all of our properties have to offer and stay updated on future leasing opportunities.

Visit Venture Residences

DOCUMENTS

Previous Ventures