Ep. 169 - Distressed Assets, Smart Renovating & Strategic Neighbors
Release Date: 12/20/2024
Neighborhood Ventures Podcast
In this special episode, Neighborhood Ventures Co-Founder Jamison Manwaring joins the AZREIA team to break down what’s really happening in the Phoenix multifamily market and why today’s environment is creating rare opportunities for smart investors. Jamison shares: Why many Phoenix properties are trading 20–40% below their 2022 prices How Arizona’s intrastate crowdfunding law empowers everyday residents to invest locally The behind-the-scenes dynamics of “stress vs. distress” in today’s multifamily market Real deal stories, including lender-driven sales and...
info_outlineNeighborhood Ventures Podcast
In this episode of the Neighborhood Ventures Podcast, Bart Diehl sits down with Neighborhood Ventures Co-Founder Jamison Manwaring and COO Heidi Butler to unpack insights from the Arizona State of the Market Conference and other national industry events. They discuss: Why Phoenix remains one of the fastest-growing metros in the U.S. 🌵 How the city continues to absorb record-breaking multifamily supply When the current oversupply and rent concessions may finally ease The critical role of strong property management and in-house operations Why 2027 may mark a turning point for rent...
info_outlineNeighborhood Ventures Podcast
From lawsuits to locker rooms — this week’s Neighborhood Ventures Podcast dives into Arizona’s antitrust case against Zillow, the Cardinals’ massive new $200M headquarters in North Scottsdale, and ASU’s $135M athletic upgrade reshaping Tempe’s real estate landscape. We unpack what these moves mean for renters, investors, and the future of Arizona’s growth. 💡 Tune in for real estate insight, local news, and a touch of sports talk. #NeighborhoodVentures #ArizonaRealEstate #Zillow #Cardinals #ASU #Multifamily #InvestInArizona #PhoenixGrowth #TempeDevelopment #Podcast
info_outlineNeighborhood Ventures Podcast
In this episode of the Neighborhood Ventures Podcast, Bart Diehl sits down with the Investor Relations team — Kyle Macdonald and Nick Jackson — to cover three big stories shaping the Valley. We kick off with ASU’s run as the nation’s most innovative university and what that means for talent retention and housing demand in Tempe. Next, we dive into the $850M redevelopment of Metrocenter Mall and its potential to transform the I-17 corridor. Finally, we look at Phoenix’s light rail expansion and why transit-oriented development is key to affordable housing and future multifamily...
info_outlineNeighborhood Ventures Podcast
In this episode, the Investor Relations team—Nick Jackson, Kyle Macdonald, and Bart Diehl—dive into three big topics shaping Arizona’s future. From the nostalgia (and pain) of stepping on Legos to the major news of Lego’s Consumer & Shopper Engagement team moving to Tempe, we explore why global brands keep choosing the Valley. We then break down which Phoenix suburbs are leading the nation in both growth and affordability, and what that means for first-time buyers versus renters. Finally, we tackle the massive ripple effects of TSMC’s $40B chip plant, including the ambitious...
info_outlineNeighborhood Ventures Podcast
In this episode, we explore two powerful forces shaping the Valley’s future. First, Mesa’s long-vacant Site 17 is finally moving forward with Culdesac’s visionary plans for a walkable, mixed-use community—nearly 1,000 new homes plus retail and lifestyle amenities designed to redefine downtown Mesa. Then we shift to Tempe, where ASU athletics generated nearly $100M in GDP impact last season alone, with football driving more than half. We unpack what that means for local businesses, Tempe’s growth, and the broader Phoenix economy—plus a look at GCU’s rise and how university sports...
info_outlineNeighborhood Ventures Podcast
In this episode, we cover three major stories shaping Arizona real estate. First, Vestar unveils a massive mixed-use development in Mesa—complete with 2,500 apartments, a 600-room resort hotel, and millions of square feet of office and retail space. We discuss what this means for the East Valley’s growth trajectory. Next, we break down Phoenix Metro’s dominance in national economic growth rankings, with Phoenix, Mesa, Gilbert, Chandler, Goodyear, Surprise, and Peoria all landing in the top 10 across categories like housing, jobs, and income growth. Finally, we explore why apartment...
info_outlineNeighborhood Ventures Podcast
A rapid-fire portfolio update. Flagstaff’s Route 66 keeps humming—cash flowing, zero evictions, major systems renewed—and graduates into our long-hold REIT. In Phoenix, 12th Place and 36th Street have stabilized with fixed-rate refis after meaningful debt paydowns, while 52nd’s patio and unit upgrades are leasing above expectations. We close with Venture on Maryland: fully funded, ~$2M in targeted renovations, and a clear path to close the rent-to-market gap—plus quick hits on Country Club’s fire-system approvals and steady performance at the I-17 townhomes. ...
info_outlineNeighborhood Ventures Podcast
This week we tackle two big stories shaping Arizona real estate. First, the affordability gap in Phoenix — buyers now need $22,500 more just to qualify for a median home, with down payments outpacing annual salaries. What does that mean for renters, multifamily demand, and the future of homeownership in the Valley? Then we turn to Scottsdale Quarter’s $645M sale and the planned $100M redevelopment aimed at transforming it into a luxury live-work-play hub. We unpack how these shifts reflect Arizona’s growth, where investor money is flowing, and what it means for everyday residents.
info_outlineNeighborhood Ventures Podcast
In this episode, we dive into our newest acquisition — Venture on Maryland. Jason and Heather share why this vintage property stood out, the renovation strategy we’re implementing, and how the neighborhood’s strong fundamentals support our investment. We break down the financials, including our $10.7M purchase price compared to the previous owner’s $17M, and discuss how thoughtful upgrades will reposition the property for long-term success. We also zoom out to explore bigger trends in Arizona real estate: why the state continues to attract first-time homebuyers, the shifting dynamics...
info_outlineIn this episode of Multifamily Masterclass, host Bart Diehl is joined by panelists John Kobierowski and Amanda Schwicht to dive into the unique acquisition of Venture on Colter. Being one of only 33 multifamily assets of 100+ units sold in Metro Phoenix in 2024, this deal stands out as a rare opportunity.
We explore:
- The art of acquiring distressed assets at significant discounts.
- Why Venture on Colter shines, thanks to $2M in smart renovations and minimal future updates from the previous owner.
- The perks of being neighbors with GCU, from enhanced security to community upliftment.
- A message to investors: Why this property is poised for success and how it stacks up in today’s market.
Tune in to learn how strategic investments like these pave the way for long-term success in multifamily real estate!