COVID-19 Statement from ABI Multifamily

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 Brokers $4.675M Apartment Sale in South Arcadia Neighborhood

ABI Press Releases, Arcadia, Arizona, multifamily investments, New Horizons Apartments, Phoenix Metro, Phoenix Metro apartment sale, Phoenix MSA, Rue Bax

New-Horizons-16x9

PRESS RELEASE
FOR IMMEDIATE RELEASE
Contact:
Corporate Headquarters
ABI Multifamily – Phoenix Office
Phone: 602.714.1400
Company Website: www.ABImultifamily.com

ABI Brokers $4.675M Apartment Sale in South Arcadia Neighborhood



Phoenix, AZ – August 3, 2017 – ABI Multifamily, the Western US's leading multifamily brokerage and advisory services firm, is pleased to announce the sale of the New Horizons Apartments a 51-unit, apartment community for $4,675,000 or $91,667 Per Unit. Originally built in 1985, New Horizons is comprised of three contiguous buildings that are constructed of block and wood with flat roofing. Over the last several years, the property underwent interior and exterior renovations.

According to Rue Bax, Senior Managing Partner at ABI, from the buyer's perspective, "This is a tremendous growth area where the Buyer sees great value in having an all two bedroom – two bathroom apartment project, that can still be further renovated in the interiors with washer/dryer upgrades."

The property is ideally located in the South Arcadia Neighborhood which is minutes from both North Tempe and Downtown Phoenix. With easy access to highways, Sky Harbor International Airport, job epicenters, higher education schools, quality healthcare and shopping, the property is uniquely positioned for continued high demand.

Sale Highlights:
• Well maintained and renovated apartment community
• Attractive Unit Mix Consisting of all Two Bedroom / Two Bath Unit Types
• Close to heavily trafficked transportation/employment corridors

The Buyer is a private investor from Oregon.

The Seller is an experienced private investor from California, with other multifamily holdings in the Phoenix MSA.

The multifamily brokerage team of Rue Bax, John Kobierowski, Alon Shnitzer, Eddie Chang and Doug Lazovick, represented the Seller in this transaction.

ABI Multifamily is a brokerage and advisory services firm that focuses exclusively on apartment investment transactions. With offices in Phoenix, Tucson 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.