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 $4.875M Apartment Sale in Northwest Phoenix

ABI Press Releases, apartment sale, Arizona, Doug Lazovick, Eclipe Apartments, multifamily investment sale, Northwest Phoenix, Phoenix Metro, Phoenix MSA

Eclipse Apartments | 2461 West Butler Drive, Phoenix, AZ 85051 | 75 Units | Built in 1972 | $4,875,000 | $65,000 Per Unit | $81.25 Per SF Eclipse Apartments | 2461 West Butler Drive, Phoenix, AZ 85051 | 75 Units | Built in 1972 | $4,875,000 | $65,000 Per Unit | $81.25 Per SF

PRESS RELEASE
FOR IMMEDIATE RELEASE

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

ABI Multifamily Brokers $4.875M Apartment Sale in Northwest Phoenix


Phoenix, AZ – May 23, 2018 – ABI Multifamily, the Western U.S.'s leading multifamily brokerage and advisory services firm, is pleased to announce the $4,875,000 / $65,000 Per Unit sale of the Eclipse Apartments, a 75-unit apartment community located in Phoenix, Arizona.

The two-story property is built of wood frame with stucco exterior and flat roofs. The attractive unit mix consists of (60%) two bedroom, (20%) one bedroom, and (20%) studio unit types, averaging 800 square feet. Eclipse Apartments contains four buildings and sits on a 2.62 acre site. All two bedroom units are individually metered for electricity with individual hot-water heaters. The community includes a pool, laundry facility, office, and easily maintained desert landscaping throughout.

"Eclipse Apartments provides the Buyer with an excellent opportunity to add value through interior renovations," states Doug Lazovick, Partner at ABI who represented the Seller. "The Seller had purchased the property in 2015, executed an exterior renovation plan and had built-up enough equity to take advantage of the current market."

The Seller was a private investor based in California.

The Buyer was a private investor based in California.

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

ABI Multifamily is a brokerage and advisory services firm that focuses exclusively on apartment investment transactions. 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.