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 $3.3M Apartment Sale in Mesa

ABI Press Releases, apartment sale, Arizona, Eddie Chang, Mesa apartment sale, multifamily investment, Phoenix Metro, Ryan Smith, Southwest Mesa, Stapley Place

Stapley Place Apartments | 654 South Stapley, Mesa, AZ 85204 | 46 Units | Built in 1985 | $3,300,000 | $71,739 Per Unit | $90.06 Per SF Stapley Place Apartments | 654 South Stapley, Mesa, AZ 85204 | 46 Units | Built in 1985 | $3,300,000 | $71,739 Per Unit | $90.06 Per SF

PRESS RELEASE
FOR IMMEDIATE RELEASE

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

ABI Brokers $3.3M Apartment Sale in Mesa


Phoenix, AZ – December 5, 2017 – ABI Multifamily, the Western US's leading multifamily brokerage and advisory services firm, is pleased to announce the $3,300,000 / $71,739 Per Unit sale of the Stapley Place Apartments, a 46-unit apartment community located in Mesa, Arizona.

Situated on Stapley Drive, Stapley Place is a two-story apartment community which rests on 2.26 acres and was built in 1985 of wood frame and stucco construction with pitched roofs. The property consists of 46 – 2 bedroom unit types with a weighted average size of 797 square feet. Each unit is individually metered for electricity and have individual HVACs. The property features a sparkling pool, laundry facilities, covered parking, and is within minutes of Mesa High School, elementary schools, and parks.

"Stapley Place's close proximity to major employment epicenters, i.e. Mesa's Fiesta District and North Tempe, allows the new owner to capitalize on the renter displaced by all the expensive new construction occurring on the interior of Tempe, yet close enough to still benefit from the new job growth of those areas," states Ryan Smith, Vice President at ABI, who along with Eddie Chang, Partner, represented the Buyer in the transaction.

The Buyer and Seller are both based in Arizona.

The Phoenix based ABI Multifamily brokerage team of Eddie Chang, Ryan Smith, John Kobierowski, Alon Shnitzer, Rue Bax, and Doug Lazovick represented the 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 and San Diego, 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.