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 Broker's $2.69M Apartment Sale in South Tempe

ABI Press Releases, Arizona, Country Club Apartments, multifamily investment sale, Phoenix Metro, Phoenix Metro apartment sale, Rue Bax, Ryan Smith, South Tempe submarket, Tempe

Country_Club 16x9

PRESS RELEASE
FOR IMMEDIATE RELEASE
Contact:
Corporate Headquarters
ABI Multifamily
Phone: 602.714.1400
Company Website: www.ABImultifamily.com

ABI Broker's $2.69M Sale in South Tempe



Phoenix, AZ – August 7, 2017 – ABI Multifamily, the Western US's leading multifamily brokerage and advisory services firm, is pleased to announce the $2,690,000 / $99,630 Per Unit sale of the Country Club Apartments, a 27-unit apartment community located in Tempe, Arizona. The property is a two-story apartment community, built of block construction in 1963 and rests on 0.77 acres. The property features (6) 1-bedroom units and (21) 2-bedroom (townhouse) units with an average size of 889 square feet. Each unit is individually metered for electricity and property features a pool and laundry facilities.

"The Seller purchased the property several years ago and was able to maintain a good tenant base with high occupancy rates," states Ryan Smith, Vice Presidents at ABI, who along with Rue Bax, Senior Managing Partner, represented the Seller and Buyer in the transaction. According to Rue Bax, "The Buyer saw a great opportunity to purchase a property in the South Tempe submarket which is experiencing tremendous renter demand due to major construction and renter displacement in North Tempe. The Buyer intends to do a full renovation of the interior and exterior of the property to capitalize on this increased rental demand in the area."

The Seller was a private investor based in California.

The Buyer was a private investment company based in California.

The Phoenix based ABI Multifamily brokerage team of Rue Bax, Ryan Smith, John Klocek, Patrick Burch, Royce Munroe and Nathan Bruer represented the Buyer/Seller in this transaction.

ABI Multifamily (http://www.abimultifamily.com) 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.