Thomas Brophy

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Tucson MSA Multifamily 2Q 2017 Quarterly Report

By: Thomas M. Brophy, Director of Research, ABI Mulitfamily TUCSON, Arizona — The MSA’s total sales volume (10+ unit properties) increased 167%, year-over-year, to $168.95M across 44 transactions representing 2,263 total units sold.  California-based investors continue to be the dominant buyer of multifamily properties in the area accounting for 34% of total units transacted or […]

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Phoenix MSA 2Q Review: Forget 2030, We’re Under-Constructed Now

By Thomas M. Brophy, Director of Research, ABI Multifamily PHOENIX, Arizona — Despite delivering 22,952 new apartment units from 2011 to 2016, demand vastly exceeded supply by approximately 7,100 units; if based on 2016/17 population estimates which saw Maricopa rank #1 in the country in population growth, the deficit rises to approximately 12,000 now and

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