Press Releases

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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SB Real Estate Partners Acquires Casa Anita Apartments in Phoenix’s West Valley for $35.3 Million

PHOENIX – 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 recent …

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