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 Facilitates Another Deal in the Tucson Market with a $2.6M, 60 Unit Apartment Transaction

ABI Press Releases, Alpha Wave Investors, Arizona, multifamily investment, Skyline Park Apartments, Tucson apartment sale, Tucson Metro, Tucson MSA

Skyline Park Apartments | 5290 South Park Avenue, Tucson, AZ 85706 | 60 Units | Built in 1985 | $2,600,000 | $43,333 Per Unit | $77.38 Per SF Skyline Park Apartments | 5290 South Park Avenue, Tucson, AZ 85706 | 60 Units | Built in 1985 | $2,600,000 | $43,333 Per Unit | $77.38 Per SF

PRESS RELEASE
FOR IMMEDIATE RELEASE

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

ABI Facilitates Another Deal in the Tucson Market with a $2.6M, 60 Unit Apartment Transaction



Tucson, AZ – April 18, 2018 – ABI Multifamily, the Western U.S.'s leading multifamily brokerage and advisory services firm, is pleased to announce the $2,600,000 / $43,333 Per Unit sale of the Skyline Park Apartments located in Tucson, Arizona. Completed in 1985, Skyline Park is a two story, garden-style apartment community that features 60 total units in 3 rental buildings, constructed of block and wood frame/stucco. The property has flat roofs and rests on approximately 1.84-acres. The unit mix consists of 36 one-bedroom / one-bathroom units, and 24 two-bedroom / one-bathroom units, with a weighted average size of 560 square feet. Skyline is individually metered for electricity with individual HVAC units throughout the entire property. Outside storage, semi-private entry and private balcony/patio areas are available, with high ceilings in select units. This community also provides its residents with an overhauled swimming pool, newly installed children's play area with a shade structure, dedicated leasing office, laundry facilities, and ample parking. In addition to the many common area and exterior capital improvements throughout the property, nearly 90-percent of the property's interiors also received enhancements.

"We're always excited to help facilitate lasting and fruitful relationships between our clients," states Alon Shnitzer, Senior Managing Partner at ABI, lead broker involved with both the Seller and Buyer. "Alpha Wave Investors has become one of the top value-add players in the Tucson market for implementing effective repositioning and renovation campaigns that usually lead to increased property values, while simultaneously providing more turn-key investment opportunities to the new owner. The repeat buyer will have an opportunity to experience the benefits of most of the heavy lifting on the renovation side being complete. The Tucson MSA is experiencing a surge in value-add investments because of limited new supply and continued population and jobs growth."

The Buyer, and entity form through Ennabe Properties, Inc., is a private investment company based out of Los Angeles, CA.

The Seller, and entity formed through Alpha Wave Investors, is a private investment company based in Laguna Hills, CA.

The multifamily brokerage team of Alon Shnitzer, John Kobierowski, Rue Bax, Doug Lazovick and Eddie Chang identified the Buyer and facilitated the introduction between both Seller and Buyer in this transaction.

ABI Multifamily (http://www.abimultifamily.com/) is a brokerage and advisory services firm that focuses exclusively on apartment investment transactions. With offices in Phoenix, Tucson, San Diego and recently opened 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.