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 $4.35M Apartment Sale in Arcadia-Lite Neighborhood

ABI Press Releases, apartment sale, Arcadia-Lite Neighborhood, Arizona, multifamily investments, Phoenix Metro, Phoenix Metro, Phoenix MSA, Royce Munroe

Arcadia Edge Apartments | 3120 - 3130 North 39th Street, Phoenix, AZ 85018 | 23 Units | Built in 1967 | Renovated 2017 | $4,350,000 | $189,130 Per Unit | $235.53 Per SFArcadia Edge Apartments | 3120 - 3130 North 39th Street, Phoenix, AZ 85018 | 23 Units | Built in 1967 | Renovated 2017 | $4,350,000 | $189,130 Per Unit | $235.53 Per SF


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ABI Multifamily Brokers $4.35M Apartment Sale in Arcadia-Lite Neighborhood

Phoenix, AZ – April 24, 2018 – ABI Multifamily, the Western US's leading multifamily brokerage and advisory services firm, is pleased to announce the $4,350,000 / $189,130 Per Unit sale of the Arcadia Edge Apartments, a 23-unit apartment community located in Phoenix, Arizona.

The property is a single-story apartment community, built of solid block construction and comprised of nine separate buildings built in 1967 and extensively renovated in 2017. The property features all (23) 2-bed/1-bath units with an average size of 803 square feet. Each unit is individually metered for electricity and each has an individual backyard.

"The buyer was attracted to the strong unit mix, property renovations, stabilized rents and the Arcadia-Lite location." states Royce Munroe, Vice President at ABI who represented both the Seller and the Buyer.

The Seller was a private investor based in Arizona.

The Buyer was a private investor based in California.

The Phoenix based ABI Multifamily brokerage team of Royce Munroe, Ryan Smith, John Klocek, Patrick Burch and Nathan Bruer represented the Buyer and 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.