By Anda Rosu October 21, 2021 SB Real Estate Partners plans to inject $2.5 million to renovate the 124-unit Redlands asset. SB Real Estate Partners has bought ReNew Redlands, a 124-unit community in the Inland Empire, for $46.2 million. FPA Multifamily was the seller, according to Yardi Matrix. Walker & Dunlop represented FPA, and Berkadia arranged […]
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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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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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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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The company plans to spend $200 million across three high-growth markets. By Ioana Muresan SB Real Estate Partners has paid $27.5 million for East 3434 Apartments, a 128-unit garden-style community in Phoenix. CBRE Capital Markets arranged the transaction on behalf of both the buyer and the seller, Break of Day Capital. Berkadia’s JV Equity and
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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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