Popular on Rezul
- Philanthropic Coalition Challenges MrBeast
- 11th annual Florida Blueberry Festival April 26 & 27, 2025
- Homeowners Turn to Smart Kitchen Remodeling Companies in Fort Lauderdale
- Tec-Masters to Support In-Space Testing of Honda Regenerative Fuel Cell Technology on the International Space Station
- CriptoAuge's Technological Breakthroughs Paving the Way for Cryptocurrency to Enter the Mainstream
- The Villages Welcomes NexGen Laser Pain and Rehab Centers—Revolutionizing Pain Management with MLS Laser Technology
- Introducing The Lead Nurturer: A Curated Hub for Digital Strategy, Lead Generation, and Business Growth Conversations
- One Home Service Names Perfect Touch Painting as Broward County's #1 Painting Company for 2025
- Spring Special: Say Goodbye to Lice Removal to a Convenient Location in Conroe, TX
- Transform Your Home with Expert Kitchen Remodeling Near Bloomington, MN
Similar on Rezul
- New Build-to-Suit VA Medical Office Facility Coming to Highland Heights, KY
- Felician Sisters of North America Announce Partnership with City of Livonia
- Family Office Real Estate Institute Announces Exclusive Investment Forum
- Liquified Solutions a featured exhibitor at the 2025 Senior Living Executive Conference
- Silva Construction Gives Advice on Home Remodeling Trends for 2025
- BKM's Senior Managing Director of Operations, Susan Rounds, and Associate Director of Design, Koren Mercer, Honored as 2025 Women of Influence
- Appointments Now Open for New Townhome Releases at Heritage at South Brunswick
- Updated, No-Bond Home Hits the Market in The Villages, FL
- Morgan Porter Earns Broker Associate Title at Parkside Realty Group
- Stuck in Place? Why Homeowners Are Building Up Instead of Moving Out
SB Real Estate Partners Acquire Las Vegas Apartment Community for $42 Million
Rezul News/10696720
IRVINE, Calif. - Rezul -- 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 totaling 640-units. Delivered in 2022, the property is immediately walkable to various lifestyle amenities, including coffee shops, restaurants and Sprouts Farmers Market.
"The Las Vegas metro has one of the lowest supply pipelines in the country when compared to other high-octane growth markets across the Sunbelt, with the Centennial Hills submarket having virtually no future supply over the next few years," said SBREP Founder & Managing Principal, Srijin Bandyopadhyay. "Given that backdrop of favorable supply/demand balance, along with other supportive multifamily fundamentals, SBREP plans to remain an active buyer in the Las Vegas MSA."
Brownstone Apartments is located at 7531 Tule Springs Road, approximately 15 miles northwest of The Strip. The property offers luxury finishes and a mix of one-, two- and three-bedroom apartment homes across nine low-rise residential buildings, which are adjacent to the two-acre Pop Squires public park. Common area amenities include a clubhouse, a resort style pool, barbecue areas, a 24-hour fitness center and tuck-under garages.
More on Rezul News
The property benefits from numerous demand drivers including excellent local schools, immediate access to nearly 200 shopping, dining and entertainment destinations, and an affluent local demographic boasting an average household income of $122,000 within a three-mile radius.
Given the newer-build profile, SBREP plans a limited capital improvement program that will include a Smart Home tech package and minor common area upgrades.
Senior Managing Directors John Cunningham and Charles Steele, and Senior Director Jared Glover of Berkadia Las Vegas represented Buyer and Seller in the transaction.
About SB Real Estate Partners
Founded in 2017, SB Real Estate Partners is a multifamily investment firm committed to acquiring and asset managing value-add apartment projects throughout the United States. More information can be found at http://www.sbrep.com
"The Las Vegas metro has one of the lowest supply pipelines in the country when compared to other high-octane growth markets across the Sunbelt, with the Centennial Hills submarket having virtually no future supply over the next few years," said SBREP Founder & Managing Principal, Srijin Bandyopadhyay. "Given that backdrop of favorable supply/demand balance, along with other supportive multifamily fundamentals, SBREP plans to remain an active buyer in the Las Vegas MSA."
Brownstone Apartments is located at 7531 Tule Springs Road, approximately 15 miles northwest of The Strip. The property offers luxury finishes and a mix of one-, two- and three-bedroom apartment homes across nine low-rise residential buildings, which are adjacent to the two-acre Pop Squires public park. Common area amenities include a clubhouse, a resort style pool, barbecue areas, a 24-hour fitness center and tuck-under garages.
More on Rezul News
- New Build-to-Suit VA Medical Office Facility Coming to Highland Heights, KY
- Felician Sisters of North America Announce Partnership with City of Livonia
- Family Office Real Estate Institute Announces Exclusive Investment Forum
- Fairfield Inn by Marriott Scottsdale Old Town Opens
- Liquified Solutions a featured exhibitor at the 2025 Senior Living Executive Conference
The property benefits from numerous demand drivers including excellent local schools, immediate access to nearly 200 shopping, dining and entertainment destinations, and an affluent local demographic boasting an average household income of $122,000 within a three-mile radius.
Given the newer-build profile, SBREP plans a limited capital improvement program that will include a Smart Home tech package and minor common area upgrades.
Senior Managing Directors John Cunningham and Charles Steele, and Senior Director Jared Glover of Berkadia Las Vegas represented Buyer and Seller in the transaction.
About SB Real Estate Partners
Founded in 2017, SB Real Estate Partners is a multifamily investment firm committed to acquiring and asset managing value-add apartment projects throughout the United States. More information can be found at http://www.sbrep.com
Source: SB Real Estate Partners
Filed Under: Real Estate
0 Comments
Latest on Rezul News
- The World's No.1 Superstar™ Walks Where Legends Rest: A Sacred Encounter in Rome Before the Pope's Passing
- Coming Up on "Financial Freedom with Tom Hegna" Financial Expert Parker Faulkner
- Tobu Railway Announces a Price Revision on the "NIKKO PASS All Area" and "NIKKO PASS World Heritage Area," from April 20, 2025
- Kemeny, Ramp & Renaud, LLC Welcomes Prominent Trusts and Estates Attorney Gary B. Cornick to Its Firm
- Appointments Now Open for New Townhome Releases at Heritage at South Brunswick
- SutheDermal.com Launches: Revolutionizing Comfort in Self-Injection Therapies
- Local Commitment, National Expansion
- Foundation Repair Denver - Enhance Home Stability with Van Matre Construction
- S2C and Andes Technology Announce FPGA-Based Prototyping Partnership to Accelerate Advanced RISC-V SoC Development
- CCHR Florida to Host a Veteran Advocates Networking Event
- Students Celebrate Earth Month and Learn About the Lifecycle of Trees
- Updated, No-Bond Home Hits the Market in The Villages, FL
- Electives Appoints DraftKings' CPO Linda Aiello to Board Amid Record Quarter
- Blue Ocean Business School's Deputy Dean Delivers Keynote Address at India Blockchain Summit
- Morgan Porter Earns Broker Associate Title at Parkside Realty Group
- AdvisorVault's Consolidated 17a-4 D3P Service® Full Feature Set Available
- Most Common Car Accidents In America
- Co-Creating the Future of ePaper: ZKONG and E Ink at Touch Taiwan 2025
- New York Times Exposé Vindicates CCHR: ADHD Isn't Biological, Says Watchdog
- HISTORIC FIRST The First Belief System In Human History To Formally Enshrine The Innate Divinity Of The Infant As Civilization's Central Moral Axis