Neighborhood Ventures, a real estate crowd-funding company, recently finished renovations at Venture at Villa Hermosa, a 14-unit apartment structure at 5740 N. 10th St. that included new landscaping, roofs, cabinets, countertops, flooring, doors, hardware and appliances, as well as exterior and interior paint. Villa Hermosa was leasing units, as of press time. Over the summer 165 Arizona residents invested $1 million in Venture at Villa Hermosa.

Since it was started in 2017, Neighborhood Ventures has paid for a total of four properties’ projects, with a total investment of $2.65 million from nearly 300 investors. Investment opportunities are open to anyone, with the only requirement being investors must be Arizona residents. Before crowd-funding laws were passed a few years ago, commercial real estate investors had to be accredited investors, meaning they had to be very wealthy.

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