Investors to receive monthly pay out of 5% annual distributions beginning in April PHOENIX, Feb. 7, 2023 /PRNewswire/ -- Neighborhood Ventures announced today that Neighborhood Ventures Real Estate Income Trust ("NV REIT" or "the REIT") has entered into a definitive agreement to acquire its first property, Venture on Williams. The acquisition will be through an equity buyout valued at $5 million or $250,000 per unit, which implies a 5.5% forward twelve-month cap rate. Venture on Williams, a 20-unit apartment building located in Mesa, Arizona, was initially purchased by Neighborhood Ventures in 2020 with capital the company raised through investor crowdfunding.