Neighborhood Ventures Podcast

Author: Neighborhood Ventures

(Formerly Multifamily Masterclass) Neighborhood Ventures Podcast explores the value of passive investing, specifically related to options in commercial real estate. Irreverent and informative, we make mailbox money accessible for every potential investor. To learn more about investing in real estate and our company, check out our website: neighborhood.ventures
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Language: en

Genres: Business, Investing

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Ep 183 - Opportunistic Wins: Occupancy Climb, Smart Refi, and What’s Next for NV Assets
Monday, 8 September, 2025

Bart sits down with co-founder John Koborowski to rapid-fire update the portfolio—especially assets tied to Neighborhood Ventures’ Opportunistic Fund: Asset #1 (acquired Jan ‘25): Occupancy jumped from 72% → 85%+ as tenant quality improved and maintenance was brought in-house; Google reviews surged from ~2.5★ to 5★ under on-site leadership. Venture on 52nd (closed mid-March): Now 94% occupied with 12 new leases and 15 renewals trending to market. Light CapEx (sound-dampening doors on Thomas-facing units, new semi-private patios) is boosting NOI and rental appeal. Venture on 12th Place: Strategic refinance converted $2M debt → $2M equity, locking in fixed financing and positioning a well-renovated, high-occupancy asset for a stronger hold. Venture on Maryland (under contract): 78 units in Central Phoenix at a compelling basis with lender-backed reno dollars; plan is staged interior upgrades and bringing ~$1,100 one-beds toward ~$1,500 market rents. Venture on Country Club: City-driven life-safety upgrades (sprinklers, egress, signage) slated to start September with tenants in place—stabilizing operations in a “buy-don’t-sell” market. Clear takeaways: disciplined ops, targeted CapEx, and cycle-aware buying are driving occupancy, NOI, and long-term positioning across the NV portfolio.