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Closed: VREC Adds 240 Units in the Cincinnati MSA
Feb 13, 2024
Venture Real Estate Company is thrilled to announce the successful closing of a spectacular 240-unit community in the Greater Cincinnati MSA.
Venture is excited to share the successful closing of this beautiful 2000-vintage, B+ community in Greater Cincinnati. As a community that has never been renovated or updated, there is a spectacular opportunity to bring this property to 2024 standards. At an acquisition price of approximately $29M, VREC sees substantial upside for the 100+ investors that joined us in this opportunity.
Here are a few shots of the classic units:
Our exceptional construction team has already completed our first renovations as well, and here's a sample of the finished product:
There are also big plans for the remainder of the property, including a full rebranding, clubhouse renovation, pool renovation, and fitness center addition. We simply cannot wait to transform this community over the next 12-18 months.
Thank you to all of our investors that joined us in this project. We are grateful for your trust and support and look forward to delivering exceptional results over this project's 3-5 year hold period.
VREC has streamlined the process of renovating a classic apartment like never before.
The VREC team enjoyed a spectacular party in celebration of 10 years in business.
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Venture is proud to have added a spectacular new asset to its portfolio.
Venture is proud to launch this market-leading amenity at The Crossing at Cheviot!
Congratulations to the entire Venture Communities team!
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VREC was honored to host our top ten core investors at a Bengals suite as they took on the Kansas City Chiefs!
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VREC is thrilled to welcome Ms. Karen Johnson to the team!
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