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 Multifamily Brokers the $15M, 300 Unit La Mirada Condominiums in North Central Phoenix for Jevan Capital PLLC

ABI Press Releases, Arizona, Eddie Chang, Jevan Capital PLLC, La Mirada Condominiums, multifamily investment sale, North Central Phoenix, Phoenix Metro, Phoenix MSA multifamily

La Mirada Condominiums | 1350 East Northern Avenue, Phoenix, AZ 85020 | 300 Units | Built: 1973 | $15,000,000 | $50,000/Unit | $63.94/SF La Mirada Condominiums | 1350 East Northern Avenue, Phoenix, AZ 85020 | 300 Units | Built: 1973 | $15,000,000 | $50,000/Unit | $63.94/SF

PRESS RELEASE
FOR IMMEDIATE RELEASE

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

ABI Multifamily Brokers the $15M, 300 Unit La Mirada Condominiums in North Central Phoenix for Jevan Capital PLLC



Phoenix, AZ – January 8, 2018 – ABI Multifamily, the Western US's leading multifamily brokerage and advisory services firm, is pleased to announce the $15,000,000 / $50,000 Per Unit sale of the 300-unit, La Mirada Condominiums in Phoenix, AZ. La Mirada, originally built in 1973, features spacious 1, 2 and 3-bedroom units with a weighted average size of approximately 782 square feet.

"Through hard work and dedication, Jevan Capital was able to acquire this asset at a terrific basis with tremendous value-add upside through exterior and interior renovations," states Eddie Chang, Partner at ABI, and lead broker in the transaction.

The La Mirada Condominiums are located in North Central Phoenix off 13th Street and Northern Avenue minutes from hiking and dining hotpots along the famed-interior arterials of 7th Street, Central Avenue and 7th Avenue, as well as, SR-51. La Mirada sits on just over 8.5-acres of land, with 10 total buildings and a dedicated leasing center/clubhouse and also features a community pool, fitness center and recreational areas.

The Buyer, Jevan Capital, PLLC, is a private investment firm based in Arizona.

The Seller, La Mirada Condominium Association, is non-profit corporation based in Arizona.

The Phoenix based ABI Multifamily brokerage team of Eddie Chang, John Kobierowski, Alon Shnitzer, Rue Bax and Doug Lazovick negotiated the 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.