What Do SD and the Arizona Markets Have in Common?

Kobierowski: “Synergistically, San Diego is the right place to be.”

SAN DIEGO—Synergies between San Diego and the Arizona markets in terms of cap rates and apartment-building size make San Diego the logical place for ABI Multifamily to expand its services, the firm’s senior managing partner John Kobierowski and director of research Tom Brophy tell GlobeSt.com. As we recently reported, the Arizona-based multifamily brokerage and advisory firm is expanding with the opening of its San Diego office. We spoke exclusively with the two executives about why the firm is making this move and other markets it is considering for expansion.

GlobeSt.com: Why did you choose San Diego as a region in which to expand?

Kobierowski: We’re a very functional company, and we want to be in markets that create synergies between our brokers forever. Similar to Phoenix and Tucson, San Diego is a market where there have been lower cap rates and smaller buildings, so it’s an easier jump to go to San Diego than other markets—which we’ll eventually go to, but synergistically, San Diego is the right place to be.