Despite market turmoil brought about by COVID-19, a current economic landscape in flux, and a rising cost environment, Apartment Ventures is proud to announce a successful conclusion to 2022, with new and exciting projects on the horizon.

Apartment Ventures is a fully integrated real estate investment firm specializing in Naturally Occurring Affordable Housing (NOAH) multifamily properties in Arizona, Nevada, and Southern California markets. The firm has a reputation for successfully navigating complex structures and closing transactions. For close to 25 years, Apartment Ventures has developed deep partnerships with investors, brokers, and debt providers who rely on them to deliver thoughtfully evaluated deals based on consistent underwriting standards.

Through 2021 and 2022, Apartment Ventures met uncertainty with growth, closing 11 transactions in the past 2 years with $800M+ in transaction volume and a total of 560+ units, including downtown Las Vegas’ Stax Studios which closed in 2022. The firm also refinanced 15 existing portfolio properties in 2022, expanding and solidifying the assets’ debt structure value. Applying their consistent underwriting principles, Apartment Ventures is starting off strong with the acquisition of Sahuarita Mission Apartments in Southern Arizona, further complimenting their Arizona portfolio.

The firm attributes its ongoing value creation to its unwavering business model that prioritizes a thoughtful approach to new acquisitions and deep market knowledge based in long-standing relationships. Throughout 2021 and 2022, Apartment Ventures diligently maintained its underwriting standards while continuing to actively pursue acquisitions in key markets and look for synergistic opportunities.

“We strongly believe in the strength of our Arizona, Nevada, and Southern California markets and our ongoing investment in Naturally Occurring Affordable Housing,” says Kari Wilfong, Principal & COO. “We will continue to evaluate assets in these areas for opportunity.” Apartment Venture’s experience, rigorous research and analysis, and intelligent underwriting enable the smart decision-making that keeps the firm growing and allows it to deliver for partner investors, even in financially complex times.

According to John Nunn, Apartment Venture’s Founding Principal, CIO, “We will continue to actively evaluate transactions thoughtfully and with strong underwriting fundamentals in 2023 and beyond.” The firm’s achievements in 2021 and 2022 attest to the durability of their business model.

Apartment Ventures focuses on responsible, reliable returns through intelligent strategies and extensive knowledge of the multifamily investment markets in Southern California, Arizona, and Nevada. They are a partnership-driven firm always seeking like-minded investors, and with additional transactions in the pipeline set to close throughout 2023, they are well-positioned for further growth.

 

For more info contact:

Kari Wilfong at Apartment Ventures
(714) 379-9900