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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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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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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IRVINE, CA – 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
West Valley Multifamily Sales Pick Up After Investors Hit Pause Due to Pandemic By Randyl Drummer An apartment investment company bought the 224-unit Casa Anita apartments in the West Valley of Phoenix for $35.3 million, as renter and investor interest grows in the area. A private investor, based in Scottsdale, Arizona, sold the property at 1801
California Investor Pays $35 Million for Apartments in Phoenix’s West Valley Read More »
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
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
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Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE: MMI), announced today the sale of Sonoma Sol, which will be renamed “Cordova Apartments,” a 320-unit multifamily property in Phoenix’s West Valley. The asset sold for $32.25 million, or $100,781 per unit. “The property benefits from its location near the Southwest Valley Industrial Corridor
IPA sells Sonoma Sol for $32.25M Read More »