March 2025

SB Real Estate Pays $42M for Las Vegas Asset

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SB Real Estate Partners has purchased Brownstone Apartments, a 143-unit luxury residential community in Las Vegas’ Centennial Hills submarket, for $42 million. The property will be rebranded as Portola Centennial Hills. This is SB Real Estate’s third multifamily property in the Las Vegas market, bringing the company’s footprint to a total of 640 units.

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SB Real Estate Partners Acquires Brownstone Apartments in Las Vegas for $42 Million

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Irvine, CA (March 24, 2025) SB Real Estate Partners (“SBREP”) has acquired Brownstone Apartments, a 143-unit luxury apartment community located in the Centennial Hills submarket of Las Vegas, in an off-market transaction for $42 million. The property has been rebranded as Portola Centennial Hills, bringing SBREP’s footprint in the Las Vegas market to three properties

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