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 Multifamily Brokers $3.9M Sale in Central Tucson

ABI Press Releases, Arizona, Casa del Norte Apartments, Central Tucson/University submarket, multifamily investment sale, Ryan Kippes, Tucson Metro, Tucson MSA

Casa del Norte Apartments | 3802 North Flowing Wells Road, Tucson, AZ 85705 | 84 Units | Built in 1984 | $3,900,000 | $46,429 Per Unit | $88.39 Per SF Casa del Norte Apartments | 3802 North Flowing Wells Road, Tucson, AZ 85705 | 84 Units | Built in 1984 | $3,900,000 | $46,429 Per Unit | $88.39 Per SF

PRESS RELEASE
FOR IMMEDIATE RELEASE

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

ABI Multifamily Brokers $3.9M Sale in Central Tucson



Phoenix, AZ – September 4, 2018 – ABI Multifamily, the Western US’s leading multifamily brokerage and advisory services firm, is pleased to announce the $3,900,000 / $46,428 Per Unit sale of the Casa del Norte Apartments located in Tucson, Arizona. Casa del Norte is a two story, garden-style apartment community, built in 1984 and rests on approximately 2.77 acres. The frame and stucco constructed property boasts an attractive unit mix of (16) Studios, (28) one-bedroom and (40) two-bedroom units with a weighted average size of 525 square feet.

“Tucson, as a whole, is receiving tremendous investor interest from across the country and world for that matter due to both sustained jobs and population growth,” states Ryan Kippes, Vice President, and lead broker for both the buyer and seller in this transaction. “On the jobs front, we’ve had several high profile job announcements over the last six months, from Amazon to Raytheon to the more recent, Axiscades of India bringing hundreds of high wage jobs. This type of economic activity, coupled with very little new construction, will continue to be a huge draw for investors. The buyers, private investors out of Oregon, California and Arizona, have been seeking to expand their Tucson multifamily footprint since entering the Tucson market in 2017.”

There were three individual buyers from Oregon, California and Arizona.

The seller is a private California-based investor.

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.