Venture on Williams

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12% PREFERRED RETURN

$1,000 MINIMUM INVESTMENT

3 Yrs HOLD PERIOD

$1,100,000 MAX RAISE

$1,083,000 FUNDED

155 INVESTORS

98%

Overview

Venture on Williams was sold and acquired by NV REIT.

The Project consists of a residential apartment development that will include 20 apartment units located at 407 North Williams, Mesa, Arizona 85203. The property was originally built in 1970 with 20 units, 19 units are 2-bedroom and 2 bathrooms, and 1 unit is a 3-bedroom and 2 bathrooms.

The property is located right off University Dr. and North Gilbert Rd.

We renovated the interior of each unit with new cabinetry, new fixtures, new hardware, updated painting and appliances, and in-unit washers and dryers. On the exterior, we enhanced the building’s curb appeal by adding new trim painting. We also updated the landscaping.

Key Highlights

We plan to keep the property 75% occupied throughout the renovation in order to create consistent cash-flow
No major structural renovations required. We plan to update cabinets, hardware, and add new in-unit washer and dryers.
Short distance to the light rail station in the Mesa area.

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Project FAQs

Hello, I wanted to know if non AZ residents can invest in this offering? Also, can the IRR fluctuate or is it a guaranteed return of 12%?

Currently, all of our individual projects are only offered to Arizona Residents. We do offer the Fund to individuals who qualify outside of Arizona. The preferred return is capped at 12% but the benefit of being a preferred investor includes that you are being paid out before the common equity investors are paid.

If I only want to try investing with 1K and want to pull out early are there penalties?

As of now, investments are illiquid for the duration of the project.

As you mentioned in the video, Mesa has a lot of families. Will you be adding a "homework" or "wfm" station to the apartment? Possibly in the hallway with a counter, outlet, lights etc.? I think that might be a good option due to covid. Thanks!

Thank you for your suggestion! We always love input from our investors and this is a perfect example of why! We will be sure to add appropriate power and HDMI to accommodate covid related power needs as well as everyday needs. Mesa is known for being family-friendly and that means taking care of those little ones’ needs too. Thank you so much for taking the time to reach out.

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