Month: June 2022

SB Real Estate Partners Buys $91M Phoenix Property

June 8, 2022 By Madalina Pojoga The company will rebrand and renovate the 387-unit community. SB Real Estate Partners has acquired Azura Apartments, a 387-unit community in Phoenix, for $91 million. According to Yardi Matrix data, the property last changed hands in 2018 when Jevan Capital sold the asset for $38.2 million. Institutional Property Advisors represented SBREP in the transaction. The …

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SB Real Estate Partners Acquires Azura Apartments in North Phoenix for $91 Million

Irvine, CA –SB Real Estate Partners (“SBREP”) has acquired Azura Apartments, a 387-unit garden style multifamily community in Phoenix, AZ for $91 million.  The property will be rebranded as Portola North Phoenix. SBREP has been an active buyer and seller in the greater Phoenix MSA, with over $250 million in transaction volume so far during …

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