Media Coverage

California Multifamily Investor Pays $27.5 Million for Phoenix Apartments

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. …

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Casa Anita is SB Real Estate’s Second West Valley Acquisition

By Paul Bubny Casa Anita Apartments – a 224-unit multifamily community located in the West Valley submarket of Phoenix – was recently acquired by SB Real Estate Partners (SBREP) for $35.3 million. This acquisition presents yet another significant value-add opportunity within this pocket of Phoenix, said Srijin Bandyopadhyay, managing principal at Irvine, CA-based SBREP. The …

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SB Real Estate Partners Announces Acquisition of 224-Unit Casa Anita Apartment Community in Phoenix’s West Valley for $35.3 Million

IRVINE, CA – SB Real Estate Partners (SBREP) has announced the purchase of Casa Anita Apartments – a 224-unit multifamily community located in the West Valley submarket of Phoenix – for $35.3 million. The property had previously been under private ownership with a California-based family since 2005. SBREP will rebrand the property as Portola West …

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California Investor Pays $35 Million for Apartments in Phoenix’s West Valley

West Valley Multifamily Sales Pick Up After Investors Hit Pause Due to Pandemic By Randyl Drummer An apartment investment company bought the 224-unit Casa Anita apartments in the West Valley of Phoenix for $35.3 million, as renter and investor interest grows in the area. A private investor, based in Scottsdale, Arizona, sold the property at 1801 …

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SB Real Estate Partners buys Casa Anita Apartments for $35M

SB Real Estate Partners (SBREP) has announced the purchase of Casa Anita Apartments – a 224-unit multifamily community located in the West Valley submarket of Phoenix – for $35.3 million. The property had previously been under private ownership with a California-based family since 2005. SBREP will rebrand the property as Portola West Valley. Following SBREP’s …

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IPA sells Sonoma Sol for $32.25M

Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE: MMI), announced today the sale of Sonoma Sol, which will be renamed “Cordova Apartments,” a 320-unit multifamily property in Phoenix’s West Valley. The asset sold for $32.25 million, or $100,781 per unit. “The property benefits from its location near the Southwest Valley Industrial Corridor …

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