COVID-19 Statement from ABI Multifamily -- March 24, 2020

As we all navigate these unprecedented and challenging times, we want you to know that we are working hard to maintain effective business operations and open channels of communication with all of our clients. Fortunately, we utilize and rely on technology as the backbone of operations for ABI. Our digital systems and virtual communications capabilities have allowed us to seamlessly and efficiently transition to a mostly remote working model. We are operating with our full capabilities and continue to provide the responsive and timely feedback we are known for.

Our team remains fully committed to providing our expertise in brokerage and advisory services, and serving as a resource for all relevant data and information. We will continue to help multifamily stakeholders make sound decisions in real-time, maintain maximum performance of their investment assets, and synthesize immediate, short, and long-term goals throughout this highly unusual time.

Quite simply - WE ARE HERE FOR YOU - in the best of times and the worst of times. Our seasoned advisors have been through it all. In our business, rents and occupancy are the pillars to stability. We are tracking both and can help you stay ahead of the changes in your submarkets.

It is time to think and act fast so reach out to one of our brokers over the phone or email. At the very least, you will enjoy a good conversation during these socially distant moments. We are all in this together. Here’s to strong health and rapid resolutions to the variety of challenges we collectively face. More power to all of you!

- The Team at ABI Multifamily

Press Release | ABI Multifamily Brokers $21.8M, 248-unit Apartment Community in Tucson, AZ

Tucson AZ, Multifamily, Apartments, Investment Sales, Alon Shnitzer, Ryan Kippes, Mission Antigua

Mission Antigua | 5525 South Mission Road, Tucson, AZ 85746 | 248 Units | $21,800,000 | $87,903 Per Unit | $106.38 Per SF
Mission Antigua | 5525 South Mission Road, Tucson, AZ 85746 | 248 Units | $21,800,000 | $87,903 Per Unit | $106.38 Per SF


PRESS RELEASE
FOR IMMEDIATE RELEASE

Contact:
Corporate Headquarters
ABI Multifamily
Phone: 602.714.1400
Company Website: www.ABImultifamily.com


ABI Multifamily Brokers $21.8M, 248-unit Apartment Community in Tucson, AZ


Tucson, Ariz. – March 26, 2019: ABI Multifamily — the Western US’ leading multifamily brokerage and advisory services firm — has announced the $21,800,000 / $87,903 Per Unit / $106.38 Per SF sale of Mission Antigua Apartments in Tucson, Ariz.


Mission Antigua is a 248-unit garden-style apartment community located near South Mission and West Irvington roads.


Built in 1989, Mission Antigua offers a desirable mix of one-, two- and three-bedroom configurations with impressive brick architecture, a plethora of amenities and convenient access to several area parks, recreation facilities and major transportation corridors.


“Mission Antigua was an outstanding value for both parties in this transaction,” said ABI Multifamily Senior Managing Partner Alon Shnitzer, lead broker for the team representing the Buyer and Seller. “Over 30 years of ownership the Seller really built a highly desirable property, which the Buyer — Element Property Company — can nicely improve upon to realize a significant long-term benefit.”


Element Property Company is a California-based multifamily operator with assets throughout the western US. “We look forward to implementing our interior renovation program throughout another quality asset in our growing Arizona portfolio,” said Will Roos, Element’s founder.


The Arizona-based Seller was the original developer of the property, which was managed by Centurion Management Company.


The Buyer and Seller were both represented by the multifamily brokerage team of Alon Shnitzer, Ryan Kippes, John Kobierowski, Rue Bax, Eddie Chang and Doug Lazovick.


ABI Multifamily (https://www.abimultifamily.com/) is a brokerage and advisory services firm that focuses exclusively on apartment investment transactions.  With offices in Phoenix, Tucson, Sacramento and San Diego, the experienced advisors at ABI Multifamily have completed billions of dollars in sales and thousands of individual multifamily transactions. ABI Multifamily incorporates a global approach with regional real estate expertise to successfully complete any multifamily transaction, regardless of size and complexity.