SB Real Estate Partners has been active in the Phoenix market. This year, the firm sold two propertied for a total of $100 million, and is adding an additional three assets to its portfolio. SB Real Estate has acquired Bloom 24, a 114-unit garden-style apartment community for $34.2 million, and it has two additional properties under contract and scheduled to close in April.

SB Real Estate’s founder and managing principal Srijin Bandyopadhyay said in a statement that the company has taken an “aggressive investment approach in the Phoenix MSA” due to strong multifamily fundamentals. This includes population, job and local economic growth. Phoenix has been ranked as a top growth in the US, and in the years leading up to the pandemic had the highest rate of population growth in the nation. According to a Hoyt Advisory Services study and commissioned by the National Apartment Association and National Multifamily Housing Council in 2019, the apartment industry contributed $73.2 billion to the Arizona State economy and $53.8 billion to Phoenix’s local economy.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

More from this author



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.