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 $1.65M Apartment Sale in Central Phoenix

ABI Press Releases, apartment sale, Arizona, Central Phoenix submarket, Downtown Phoenix, multifamily investment, Phoenix Metro, Roosevelt Place Apartments, Royce Munroe

Roosevelt Place Apartments | 2232 East Roosevelt Street, Phoenix, AZ 85006 | 23 Units | Built in 1984 | Renovated in 2017 | $1,650,000 | $71,739 Per Unit | $91.39 Per SF Roosevelt Place Apartments | 2232 East Roosevelt Street, Phoenix, AZ 85006 | 23 Units | Built in 1984 | Renovated in 2017 | $1,650,000 | $71,739 Per Unit | $91.39 Per SF


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ABI Brokers $1.65M Apartment Sale in Central Phoenix

Phoenix, AZ – November 29, 2017 – ABI Multifamily, the Western US's leading multifamily brokerage and advisory services firm, is pleased to announce the $1,650,000 / $71,739 Per Unit sale of Roosevelt Place Apartments, a 23-unit apartment community located in Phoenix, Arizona.

The property is a single-story apartment community, built of wood frame and stucco construction and comprised of six separate buildings built in 1984 and renovated in 2017. Conveniently located with easy access to the 1-10 and Loop 202 Freeways, this quiet, family-oriented community is also within minutes of Downtown Phoenix and Sky Harbor Airport. The property consists of all (23) 2-bed/1-bath units with a weighted average size of 785 square feet and rests on 1.07 acres. Each unit is individually metered for electricity and hot water and feature all new appliances, cabinets, countertops and flooring.

"The buyer acquired a stabilized asset in a high growth area with tremendous upside through interior and exterior renovations," states Royce Munroe, Vice President at ABI, who was the lead broker and represented the seller.

The Seller was a private investor based in Nevada.

The Buyer was a private investor based in Hawaii.

The Phoenix based ABI Multifamily brokerage team of Royce Munroe, John Kobierowski, Rue Bax, 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. 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.