Media Coverage

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 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 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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