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 […]
By Anda Rosu December 23, 2021 The company plans to invest $4 million into capital improvements. SB Real Estate Partners has purchased its second multifamily community in Las Vegas, the 256-unit St. Croix, for $73.1 million, in an off-market transaction. Cushman & Wakefield brokered the sale on behalf of the seller, Strata Equity, while Berkadia arranged
SB Real Estate Buys 2nd Las Vegas Asset for $73M Read More »
(Irvine, CA) –SB Real Estate Partners (SBREP) has acquired The Russell Apartments, a 241-unit garden-style apartment home community for $67.0 million, marking the California-based multifamily investment firm’s entry into the Las Vegas real estate market. The Russell Apartments, which will be rebranded as Portola on Russell, is located at 9620 W. Russell Road in West
By Anda Rosu October 21, 2021 SB Real Estate Partners plans to inject $2.5 million to renovate the 124-unit Redlands asset. SB Real Estate Partners has bought ReNew Redlands, a 124-unit community in the Inland Empire, for $46.2 million. FPA Multifamily was the seller, according to Yardi Matrix. Walker & Dunlop represented FPA, and Berkadia arranged
Inland Empire Community Trades for $46M Read More »
Multifamily Investment Firm Purchases 124-unit Apartment Community for $46.2 Million REDLANDS — October 19, 2021 — SB Real Estate Partners “SBREP” has acquired ReNew Redlands, a Class B, 124-unit garden-style apartment community located in Redlands, CA, for $46.2 million. The property has been renamed Portola Redlands and SBREP intends to execute a $2.5 million capital
SB Real Estate Partners Breaks into Inland Empire with Redlands Acquisition for $46.2M Read More »
Phoenix & Southwest + Phoenix + Apartments | October 18, 2021 By: Lisa Brown With more units to renovate, Renew 3030, presented a notable value-add strategy to buyer SB Real Estate Partners. The 126-unit multifamily community in Mesa, AZ, was acquired for $24.3 million. Renew 3030 is a garden-style apartment community comprising five buildings and 126 units on 4.59 acres. Built
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SB Real Estate Partners Plans To Spend $2 Million To Renovate Apartments Near Downtown By Randyl DrummerCoStar NewsOctober 7, 2021 | 1:30 P.M. Multifamily investment firm SB Real Estate Partners paid $27.5 million, or $214,844 per unit, for a garden-style apartment complex on Phoenix’s east side as out-of-state buyers are increasingly drawn to the fast-growing market.
California Multifamily Investor Pays $27.5 Million for Phoenix Apartments Read More »
The company plans to spend $200 million across three high-growth markets. By Ioana Muresan SB Real Estate Partners has paid $27.5 million for East 3434 Apartments, a 128-unit garden-style community in Phoenix. CBRE Capital Markets arranged the transaction on behalf of both the buyer and the seller, Break of Day Capital. Berkadia’s JV Equity and
SB Real Estate Expands Phoenix Footprint Read More »