Diane Apartments

Despite the challenges posed by COVID-19, selling the Diane Apartments remained a crucial part of the owners’ investment strategy in 2020. After facing a failed sale with their previous broker, the owners’ primary goal was to ensure a certain and timely closing.

In May, the Simon | Anderson Team was hired to handle the sale, navigating new obstacles such as marketing and conducting tours during quarantine. Fortunately, our team had spent this time connecting with active investors and understanding their investment requirements, allowing us to identify the right buyers for this deal.

Lead broker Jerrid Anderson proactively reached out to top buyers involved in exchanges and with available equity to invest. Within a week, we generated strong interest from 12 buyer groups, creating immediate competition without the need for a broad marketing campaign.

With four offers received, the property was under contract within 24 hours. After just one week, all contingencies were waived, and we successfully closed the sale 30 days later.

In just 67 days, despite the global pandemic, our team met with the owners, facilitated the sale, and ensured that they received the cash they needed to move forward with their future investment plans.