Media Coverage

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 Buys 2nd Las Vegas Asset for $73M

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 …

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Renew 3030 Presents Value-Add Opportunity

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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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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