Renovations will begin as soon as the Property is acquired and should be completed within four months. While the approval process is underway, the Company plans to first renovate the existing units in anticipation of the conversion, and then rent them as short-term stay AirBNB style units, to generate immediate cash flow. Neighborhood Ventures has formed Venture on Country Cub, LLC (the 'Company') to purchase the Property. Zoning approval is required for this conversion and is expected to take about 12 months to obtain. It is currently being operated as a hotel, but the Company’s plan is to convert it into a traditional multi-unit rental building. The Property was originally built in 1985 and consists of 120 units - 35 studio units, 73 one-bedroom and one-bathroom units, and 12 two-bedroom and two-bathroom units.

Venture on Country Club plans to purchase a 120-unit hotel located at 1410 S Country Club, Mesa, Arizona 85210 and convert it into a multi-family residential apartment building.

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