/

|

A new fund will allow investors in Arizona and outside the state to invest in a fund targeted at Arizona distressed properties. Neighborhood Ventures has launched the Arizona Multifamily Opportunistic Fund to Capitalize on the increasing number of Distressed Properties. The new fund is open to accredited investors nationwide for a minimum of $50,000, while non-accredited investors residing in Arizona can invest as little as $5,000. The plan expects a 16–20% Internal Rate of Return (IRR). The fund has a target term of four years. The promoters say the fund is an opportunity to invest in multifamily apartment buildings at a discount.