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 $1.85M Apartment Sale Near Downtown Tucson/UA

ABI Press Releases, Arizona, Downtown Tucson, Lance Parsons, multifamily investment sale, Tucson Metro, Tucson MSA apartment sale, University of Arizona, Villa Delano Apartments

Villa Delano Apartments | 123 West Delano Street, Tucson, AZ 85705 | 32 Units | Built In 1980 | $1,850,000 | $57,813 Per Unit | $65.84 Per SF Villa Delano Apartments | 123 West Delano Street, Tucson, AZ 85705 | 32 Units | Built In 1980 | $1,850,000 | $57,813 Per Unit | $65.84 Per SF

PRESS RELEASE
FOR IMMEDIATE RELEASE

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

ABI Brokers $1.85M Apartment Sale Near Downtown Tucson/UA



Phoenix, AZ – November 7, 2017 – ABI Multifamily, the Western US's leading multifamily brokerage and advisory services firm, is pleased to announce the $1,850,000 / $57,813 Per Unit sale of the 32-Unit Villa Delano Apartments in Tucson, AZ.

The property is a garden style apartment community originally built in 1980 of frame/stucco construction and sits on 1.4-acres of land near the intersection of Fort Lowell and Stone Ave. Villa Delano has four, 2-story buildings featuring all 2-bedroom, 2-bath units with a weighted average size of 878 square feet. The property also features a community swimming pool, BBQ grill area, and laundry facility.

"The Buyer was in search of a stable asset with upside potential," states Lance Parsons, Senior Vice President at ABI, who represented the Seller. "The entire Downtown/University area submarket has witnessed sustained private and public investment over the last several years. The Buyer hopes to capitalize on this growing trend."

The Buyer in this transaction is a private individual based in Arizona.

The Seller in this transaction is a private individual based in Colorado.

ABI Multifamily's Tucson office, and the multifamily brokerage team of Lance Parsons, Jonathan Ibrahim and Ryan Kippes, represented the 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.