From Wall Street H Main Street Neighborhood Ventures Offers Crowdsourced Commercial Real Estate Investing By Merry Gordon
“I
Photo courtesy of Neighborhood Ventures
Jamison Manwaring is the co-founder and CEO of Neighborhood Ventures.
just wasn’t a hedge fund guy,” laughs Jamison Manwaring, the co-founder and CEO of Neighborhood Ventures, a real estate crowdfunding company in Arizona. For a while, though, he was a hedge fund guy—and a successful one, too. After graduating from the University of Utah in finance, Manwaring became an equity analyst for Goldman Sachs in New York City. It was interesting work and the kind of prestige position many in his field dream of. But Manwaring’s heart wasn’t in it. “We managed money for very wealthy folks, and after a while I got the feeling that I wanted to come back to my roots,” he says. In 2015, Manwaring moved to Phoenix to become the Vice President of Investor Relations at LifeLock. A few years later, when LifeLock was bought out, he realized he had options—and a little investment capital. In 2017, Manwaring, along with comanaging partner Jason Kobierowski, founded Neighborhood Ventures.
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Recognizing that commercial real estate is often beyond the reach of all but the elite, Manwaring wanted to break that barrier. His company uses the innovative approach of crowdsourcing to acquire, renovate and eventually resell commercial real estate for profit, allowing everyday people not only to take control of their financial futures, but to invest in their own neighborhoods. Manwaring serves as CEO while Kobierowski is the President of Real Estate, and the team is rounded out with Rocky Petersen, Vice President of Investor Communications and Design, and Chris Lacasse, Vice President of Acquisitions. Manwaring is racking up accolades for his acumen, too. Phoenix Business Journal recognized Jamison as one of its 40 Under 40 Class of 2020, the same year AZRE Magazine touted him as one of 20 young business leaders shaping commercial real estate in Arizona. Manwaring closed on Mesa’s Venture on Williams earlier this year. His
Photo by Ichigo121212 from Pixabay
Neighborhood Ventures took Jamison Manwaring from Wall Street to Main Street.
team is hoping to capitalize on the success of that 20-unit complex by following it up with another, Venture on Country Club. Announced in June of 2021, the project raised 1.3 million in its first days with over 130 for the 120-unit Mesa hotel-to-apartment conversion. Investments start at $1000 with a target hold period of three years, an early 6% cash flow Continued on pg. 21
