Successful Close: Venture on Maryland

Freedom Capital Partners (FCP) is pleased to announce the successful closing of Venture on Maryland, a 78-unit multifamily value-add property located in Phoenix, Arizona. This acquisition represents a significant milestone for our group, showcasing our ability to source offmarket opportunities, negotiate favorable terms, and deliver access to institutional-quality investments for our network of investors.

Deal Overview

Acquired in pre-foreclosure at a steep discount, Venture on Maryland offers a compelling combination of downside protection and strong upside potential. With our negotiated structure, FCP investors secured exclusive terms projecting a 20%+ IRR, compared to the 12% IRR cap available to direct investors.

Venture on Maryland apartment complex featuring a central swimming pool, outdoor seating, and well-maintained landscaping.

Key Highlights

  • Acquisition Price: $10.7M ($137K/unit) vs. prior sale at $17.1M ($219K/unit) in 2022
  • Market Strength: Phoenix — 5th largest U.S. city and fastest growing large city (+11%)
  • Renovation Budget: $2M focused on interiors, curb appeal, and efficiency upgrades
  • Hold Period: 3 years with a projected exit value of $19M
  • Operating Partner: Neighborhood Ventures, with 20 multifamily acquisitions and 8 successful exits averaging 33% ROE
Side-by-side comparison of a kitchen before and after renovation, featuring updated cabinets, countertops, and appliances.
Current kitchen at subject property (left), example renovated kitchen from a recent project by Neighborhood Ventures (right)

Next Steps

With the acquisition now complete, we have entered the transition phase. This includes onboarding the property management team, finalizing utilities and vendor accounts, and beginning the planned renovation program. Our focus is on enhancing operations and improving resident experience, laying the foundation for both cash flow and long-term value creation.

We are grateful to our investors who participated in this opportunity and look forward to keeping you updated on progress throughout the hold period.

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Disclaimer

This news update is provided for informational purposes only and summarizes a past investment. All projections, assumptions, and results are qualified in their entirety by the official offering documents for the investment. Investors should not rely solely on this summary when making decisions. Past performance is not indicative of future results.