Venture on Maryland – Phoenix, AZ
This investment is fully subscribed and closed for new investment.
We secured exclusive access and preferred terms on a 78-unit multifamily value-add project in Phoenix, Arizon, acquired in pre-foreclosure at a steep discount. Through these negotiated terms, our group of investors was projected to achieve a 20%+ IRR (annualized return).
Deal Highlights
- Targeted Investor Return: 20%+ IRR (exclusive to FCP investors)
- Off-Market, Pre-Foreclosure Multifamily Acquisition
- Deep Discount: $10.7M ($137K/unit) vs. last sale at $17.1M ($219K/unit) in 2022
- High-Growth Market: Phoenix is the 5th largest city in the U.S. and the fastest-growing large city (11%+ population growth)
- $2M Renovation Budget — interiors, curb appeal, and efficiency upgrades
- Exit Strategy: 3-year hold, projected sale at $19M
- Experienced Operator (Neighborhood Ventures):
- 20 multifamily acquisitions in and around Phoenix
- Phoenix-focused, with deep local expertise
- 8 successful exits — 33% average realized ROE
- Phoenix-focused, vertically integrated with in-house property management and construction
Why This Opportunity Stood Out
We co-invested alongside our group, pooling $500K+ to unlock special terms only available through Freedom Capital Partners. After extensive due diligence, we determined this opportunity offered superior projected returns compared to most value-add deals in the market (typically 12–15% IRR). Direct investors with Neighborhood Ventures were capped at a 12% IRR, making our negotiated structure uniquely advantageous.
This deal combined:
- A significant pre-foreclosure discount
- A light value-add strategy (vs. higher-risk ground-up development)
- A proven local operator with a strong track record
- A short 3-year investment horizon
This opportunity was limited to accredited investors, in compliance with SEC regulations. (See our Glossary page for the definition of “accredited investor.”)
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Disclaimer
The summary above is provided for informational purposes only and describes a past investment. All projections, returns, and assumptions are as originally outlined and are qualified in their entirety by the formal offering documents for this investment. Investors should not rely solely on this summary and should refer to the complete legal documents for full details. Past performance is not indicative of future results.