Neighborhood Ventures has acquired Venture on 16th, an 86-unit multifamily development in Phoenix's Biltmore District, from Fringe Capital Partners for $19.5 million in a short sale.
Phoenix multifamily complex sells for $19.5 million in short sale
Neighborhood Ventures acquires property at approximately 30% below prior owner's basis
By Clarice King with
March 31, 2026 | 3:22 P.M.
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IN THIS ARTICLE
- Properties
- Venture on 16th
6315 16th St, Phoenix, AZ
- Contacts
- Mike Woodrick
Director, Newmark
- Ryan Ash
Senior Managing Director, Newmark