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 Brokers $7.5M Sale in Downtown Tempe near ASU and Light Rail

ABI Press Releases, apartment investment sale, Arizona, Eddie Chang, Epic @ University Pointe Apartments, John Kobierowski, Phoenix Metro, Phoenix MSA multifamily, Rue Bax, Ryan Smith, Tempe, Tide Equities

Epic @ University Pointe | 1224 East Lemon Street, Tempe, AZ 85281 | 65 Units | Built in 1966 / Renovated in 2013 | $7,500,000 | $115,385 Per Unit | $135.52 Per SF Epic @ University Pointe | 1224 East Lemon Street, Tempe, AZ 85281 | 65 Units | Built in 1966 / Renovated in 2013 | $7,500,000 | $115,385 Per Unit | $135.52 Per SF

PRESS RELEASE
FOR IMMEDIATE RELEASE

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

ABI Brokers $7.5M Sale in Downtown Tempe near ASU and Light Rail



Phoenix, AZ – May 30, 2018 – ABI Multifamily, the Western U.S.'s leading multifamily brokerage and advisory services firm, is pleased to announce the $7,500,000 / $115,385 Per Unit sale of the Epic @ University Pointe Apartments located in Tempe, Arizona. Built in 1966 and recently renovated, the property consists of eight two-story rental buildings on 1.74 acres. Constructed of concrete block with pitched composition shingle roofs, Epic at University Pointe's unit mix consists entirely of two-bedroom units ranging from 800 to 990 square feet. Units offer air conditioning / heating, vinyl wood flooring, and kitchens equipped with a refrigerator, stove / oven, and microwave. The community also provides its residents with a swimming pool, ping-pong table, laundry room, basketball and volleyball courts, barbeque grills, and lounge access.

"Downtown Tempe is perhaps the most sought after investment location in the country," states John Kobierowski, Senior Managing Partner at ABI, and co-lead broker for the seller in this transaction along with Rue Bax, Senior Managing Partner. "The seller purchased this property in 2012 and implemented tasteful renovations all while maintaining a high occupancy rate," states Rue Bax.

"The buyer, Tides Equities, is one of the most active investors in the Phoenix Metro," states Eddie Chang, Partner at ABI, and co-lead broker for the buyer in this transaction along with Ryan Smith, Vice President. "This purchase marks their 13th acquisition in the Valley since 2017. ASU is one of the fastest growing research universities in the nation and student housing is in strong demand. The acquisition of Epic @ University Pointe fits perfectly within their growing portfolio of properties with highly amenitized neighborhoods with plenty of room for rent growth."

The buyer, Tide Equities, is a private investment company based in California.

The seller is a private investment partnership based in California.

The multifamily brokerage team of Eddie Chang, Ryan Smith, John Kobierowski, Rue Bax, Alon Shnitzer and Doug Lazovick represented the buyer and 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, San Diego and Sacramento 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.