Amy Deering

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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SB Real Estate Partners Remains Bullish on Phoenix

Posted on: March 17, 2022 By Christine Serlin The multifamily investment firm has acquired a 180-unit garden-style community in Glendale. Multifamily investment firm SB Real Estate Partners (SBREP) continues to bet on the Phoenix market for its strong fundamentals—comparative rental affordability, a diverse and high-quality employer base, population growth, and a muted supply dynamic in the workforce …

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SBREP Picks Up an Additional Multifamily Complex for $58M

Phoenix & Southwest + Southwest + Apartments | March 10, 2022 By: Jason Middleton SB Real Estate Partners is picking up another multifamily community near Phoenix – upping its total transaction volume to ~$200 million over the past two months.  This purchase from SBREP is Cantamar Apartments, a 180-unit, garden-style property, with a sales price of $58.1 million. The property will be rebranded …

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SB Real Estate Partners Acquires Cantamar Apartments in Glendale for $58.1 Million

Irvine, CA (March 9, 2022) — SB Real Estate Partners (“SBREP”) has acquired Cantamar Apartments, a 180-unit garden-style multifamily community in Glendale, AZ for $58.1 million.  The property will be rebranded as Portola On Bell. SBREP has been an active investor in the greater Phoenix MSA, with approximately $200 million in transaction volume over the …

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SB Real Estate Partners Acquires Bridge Creek Apartments in Vancouver, WA for $75.0 Million

Irvine, CA (February 1, 2022) — SB Real Estate Partners (“SBREP”) has acquired Bridge Creek Apartments, a 270-unit garden style multifamily community in the Portland, OR submarket of Vancouver, WA for $75.0 million. The property will be rebranded as Portola Bridge Creek. “We’ve had a successful, albeit limited, transaction history for our investors in the …

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SB Real Estate Partners Acquires Bloom 24 Apartments in Phoenix for $34.2 Million

Irvine, CA – SB Real Estate Partners (“SBREP”) has acquired Bloom 24, a 114-unit garden style multifamily community in Phoenix AZ for $34.2 million.   While recently selling two of its Phoenix properties for nearly $100 million, SBREP remains an active buyer within the Phoenix apartment market.  The firm has two properties – equating to …

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SB Real Estate Sells Phoenix Portfolio for $96M

By Olivia Bunescu– January 19, 2022 SB Real Estate Partners has sold a multifamily portfolio including Portola at Grovers Park and Portola West Valley, both in Phoenix. Rise48 Equity acquired the properties totaling 365 units for $96.4 million and is planning an $8 million refurbishing plan bringing upgrades to all unit interiors as well as property exteriors. Rise48 Equity is …

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SB Real Estate Partners Sells Phoenix Multifamily Portfolio to Rise48 for $96.4 Million

Irvine, CA (January 18, 2022) — SB Real Estate Partners (“SBREP”) has completed the sale of a two-property, 365-unit multifamily portfolio in Phoenix, AZ to Rise48 Equity for $96.4 million. The sale, structured as separate transactions closing two weeks apart, included the 141-unit Portola at Grovers Park in North Phoenix and the 224-unit Portola West …

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SB Real Estate Partners acquires multifamily community in Las Vegas, Nevada for $73.1 million

Acquisition is the second in Las Vegas MSA over the past seven weeks for Irvine-based firm Irvine – December 23, 2021 – SB Real Estate Partners (SBREP) has made its second multifamily investment in the Las Vegas MSA over the past seven weeks with the $73.1 million off-market acquisition of St. Croix Apartments, a 256-unit garden-style …

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