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 Multifamily Brokers $2.2M Apartment Sale in Popular Uptown Phoenix Submarket

ABI Press Releases, apartment sale, Arizona, John Klocek, multifamily investments, Patrick Burch, Phoenix Metro, Phoenix Metro, Phoenix MSA, Rue Bax, Uptown Phoenix submarket

Encanto Park Apartments | 730-820 East Turney Avenue, Phoenix, AZ 85014 | 29 Units | Built in 1944 / 1946 / 1948 | $2,200,000 | $75,862 Per Unit | $121.59 Per SF Encanto Park Apartments | 730-820 East Turney Avenue, Phoenix, AZ 85014 | 29 Units | Built in 1944 / 1946 / 1948 | $2,200,000 | $75,862 Per Unit | $121.59 Per SF


PRESS RELEASE
FOR IMMEDIATE RELEASE

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

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



Phoenix, AZ – May 1, 2018 – ABI Multifamily, the Western US's leading multifamily brokerage and advisory services firm, is pleased to announce the $2,200,000 / $75,862 Per Unit sale of Encanto Park Apartments, a 29-unit apartment community located in Phoenix, Arizona.

The property is a single-story apartment community, built of solid block construction and comprised of 10 separate buildings built in 1944 / 1946 / 1948. The property features (25) 1-bed/1-bath units, (3) 2-bed / 1-bath units, and (1) 3-bed / 2-bath unit, with an average size of 624 square feet. Each unit is individually metered for electricity and most units have undergone extensive interior renovations.

"The Seller had originally looked at this project as a redevelopment or land play and had planned to try to acquire additional contiguous parcels," states Rue Bax, Senior Managing Partner at ABI who represented the Seller. "But the market and rents continued to improve in this location, so the Seller decided to move on from this asset after pushing income substantially from when they acquired the asset."

The Seller was a private investor based in California.

The Buyer was a private investor based in California.

The Phoenix based ABI Multifamily brokerage team of Rue Bax, John Klocek, Patrick Burch, John Kobierowski, Alon Shnitzer, Eddie Chang, Doug Lazovick, Royce Munroe, Ryan Smith, and Nathan Bruer represented the 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.