Venture on 16th

Multifamily Investment Opportunity in Central Phoenix

This investment is fully subscribed and closed for new investment.  For project updates see News & Updates. 

Venture on 16th is an 86-unit, fully renovated multifamily community located in the highly desirable Biltmore/Camelback Corridor of Central Phoenix. The property is being acquired through a pre-foreclosure transaction at a discounted basis, creating immediate cash flow and attractive upside potential.

Highlights

• Property: Venture on 16th
• Location: Central Phoenix, AZ (Biltmore/Camelback Corridor)
• Units: 86
• Purchase Price: $19.5 million ($226,000 per unit)
• Prior Owner Cost Basis: $29.6 million
• Renovations: ~$3.0 million completed between 2023–2024
• Occupancy: ~94% at acquisition

The property has undergone comprehensive renovations, including interior upgrades, major system replacements, and improvements to common areas. As a result, the asset is fully modernized with minimal near-term capital requirements.

Target Returns (Projected)

• Projected IRR: 17-18%
• Equity Multiple: ~1.60x
• Target Annual Cash Flow: ~5%
• Target Hold Period: ~3 years

Projected returns are estimates only and are not guaranteed. Actual results may vary materially.

About the Operator

Founded in 2017, Neighborhood Ventures is a vertically integrated real estate investment firm focused on Phoenix-area multifamily assets. Venture on 16th is located within six miles of the operator’s headquarters, enabling active oversight and execution. The firm has:

• Completed 22 multifamily acquisitions
• Achieved 9 successful exits
• Delivered an average realized 33% return on equity across exited projects

We previously partnered with Neighborhood Ventures on the Venture on Maryland investment last year, which is currently performing well. Recent updates on that project are available in the News & Updates section.

Business Plan

The investment strategy targets a 3-year hold period, focused on:

• Disciplined, in-house property management
• Operational efficiencies and expense control
• Gradual rent normalization through renewals
• Maintaining high occupancy and tenant retention

Value creation is expected to be driven primarily by organic rent growth and operational execution, followed by a planned sale upon completion of the business plan.

Exclusive Economics for FCP Investors

Through its strategic partnership with Neighborhood Ventures, Freedom Capital Partners has secured enhanced investor economics not available to direct investors with the operator.

• Returns available exclusively through this FCP Fund
• Direct Neighborhood Ventures investments are subject to a capped return of 12%
• Improved profit split available if aggregate FCP commitments hits $1.0M by commitment deadline.

The principals of Freedom Capital Partners, Nate Hobba and Fares Akkad, will co-invest alongside investors in the fund, reinforcing alignment of interests.

Alignment of Interests

The principals of Freedom Capital Partners, Nate Hobba and Fares Akkad, will co-invest a minimum of $50,000 in the FCP Fund, either personally or through affiliated entities, trusts, or self-directed IRAs.

A key feature of this investment is that the $50,000+ co-investment by FCP, representing 5-10% of the total fund, is subordinate to investor capital. FCP does not receive any return of capital or participate in profits until investors have received their 6% preferred return and full return of principal. This structure is designed to enhance alignment of interests and provide additional downside protection for investors.

Market Fundamentals: Phoenix, AZ

Metro Phoenix continues to exhibit strong fundamentals supportive of multifamily demand:

• Population growth exceeding 60% since 2000, with continued in-migration
• Median household income of approximately $86,000
• Cost to own housing is approximately 28% higher than the cost to rent, encouraging longer renter tenure
• Supply expected to tighten as new construction deliveries decline beyond 2025

These dynamics support stable occupancy and long-term rent growth, particularly in core infill submarkets such as Central Phoenix.

Why This Opportunity Exists Now

Current market conditions, including higher interest rates, rising debt costs, and an oversupply of newly constructed multifamily assets between 2021 and 2025, have created debt-driven distress across the apartment sector. These dynamics are allowing well-capitalized buyers to acquire high-quality, stabilized assets at meaningful discounts to replacement cost and prior owner basis.

Venture on 16th represents a compelling example of this environment, with the opportunity to acquire a recently renovated asset at a 34% discount to the prior owner’s total cost basis.

Interested in Taking the Next Step?

To review all offering documents and take steps towards placing an investment, visit our Getting Started page or head directly to our Investor Portal.

Funding Deadline: in order to meet the operator’s acquisition timeline for the purchase of this property, investors should plan to wire funds by no later than Monday, February 16, 2026.

This opportunity is open only to accredited investors, in compliance with SEC Rule 506(c). See our Glossary page for the definition of “accredited investor.”

To view a more detailed investment overview document or a webinar recorded on January 14, 2026, click the buttons below.

Photos of Property

Disclaimer

The information provided on this page is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities. Any such offering will be made only through the Fund’s official offering documents. Past performance is not indicative of future results.