Neighborhood Ventures announced the UPREIT transaction for Venture on Elden, a 17-unit multifamily property in Flagstaff, Ariz. Originally acquired in 2021, the asset has been added to the NV REIT portfolio, offering investors continued participation in its future growth and cash flow benefits. It is located at 201 S. Elden St.
Flagstaff has rapidly grown in popularity, yet its limited land availability restricts expansion, making well-located multifamily properties such as Venture on Elden increasingly valuable. The UPREIT transaction has allowed investors to roll over their capital on a tax-deferred basis while benefiting from property appreciation and a steady income stream.
"Elden has been a strong performer in our portfolio, and this UPREIT transaction has allowed our investors to continue participating in its long-term success," said Jamison Manwaring, co-founder and CEO of Neighborhood Ventures. "Flagstaff's housing market remains highly constrained, which suppo
