Press Releases

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 […]

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

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

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

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

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

(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

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

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