Press Releases

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 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 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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SB Real Estate Partners Enters Las Vegas Multifamily Market with $67 Million Acquisition Near Summerlin

(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 …

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SB Real Estate Partners Breaks into Inland Empire with Redlands Acquisition for $46.2M

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 …

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SB Real Estate Partners Expands Its Burgeoning Portfolio

Multifamily Investment Firm Purchases 128-unit Apartment Community for $27.5 Million PHOENIX — October 4, 2021 — SB Real Estate Partners “SBREP” has acquired East 3434 Apartments, a Class B, 128-unit garden-style apartment community located in Phoenix, Ariz., for $27.5 million. The property has been renamed Portola at Papago, and SBREP intends to execute a $2 …

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SB Real Estate Partners Expands Phoenix Portfolio

SBREP purchases 126-unit community for $24.3 million, rebrands as Portola East Mesa MESA, Ariz. — September 21, 2021 — SB Real Estate Partners (“SBREP”) has acquired ReNew 3030, a Class B, 126-unit garden-style apartment community located in Mesa, Arizona, for $24.3 million. The property was renamed Portola East Mesa and will undergo a capital improvement …

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