Neighborhood Ventures Acquires Distressed 123-Unit Property in Central Phoenix [Yahoo! Finance]
Grand Canyon Education, Inc. (LOPE)
Last grand canyon education, inc. earnings: 2/19 04:05 pm
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Source: Yahoo! Finance
PHOENIX Dec. 10, 2024 /PRNewswire/ -- Neighborhood Ventures (NV), Arizona's largest real estate crowdfunding company, is thrilled to announce its latest acquisition, Venture on Colter (formerly known as Thom Slate on Colter), a 123-unit multifamily property located in Central Phoenix near Grand Canyon University and I-17. This acquisition underscores NV's commitment to identifying value-add opportunities in high-growth areas while offering attractive investment options to its community of investors. The property, purchased directly from the lender for $13 million per unit), represents a 25%+ discount. Originally renovated with over $2 million in capital improvements, the property offers excellent curb appeal with two pools, ramadas, and updated infrastructure, including chiller systems, plumbing, electrical, and roofing. It didn't take investors long to engage. Neighborhood Ventures raised over $1M for the Venture on Colter offering in less than 8 hours. "This is a unique oppor
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LOPE
Earnings
- 11/6/24 - Beat
LOPE
Sec Filings
- 12/20/24 - Form 4
- 12/18/24 - Form 144/A
- 12/16/24 - Form 144
- LOPE's page on the SEC website