SB Real Estate Partners Secures $23M JV Equity Loan For Glendale Multifamily Expansion

A programmatic partnership has been formed between SB Real Estate Partners and a Texas based family office, with the help of Berkadia's JV Equity & Structured Capital team. Led by Noam Franklin, Cody Kirkpatrick, and Chinmay Bhatt, the partnership has successfully delivered over $100 million in equity for SB Real Estate Partners' multifamily expansion in the Southwest over the past year. The latest acquisition in Glendale, Arizona marks the seventh addition to their portfolio, which now has a total transaction volume of over $350 million. The portfolio includes 620 units in Phoenix, 497 units in Las Vegas, and 124 units in Redlands, California.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $23,000,000
• Address: 6801 W Ocotillo Rd, Glendale, AZ
• Market: Glendale, AZ

Berkadia's JV Equity & Structured Capital team, led by Noam Franklin, Cody Kirkpatrick, and Chinmay Bhatt, has played a crucial role in sourcing the equity for over 60 transactions in the past year. Since its launch in 2019, the team has arranged equity for more than 20,000 multifamily and build-for-rent units across 19 states. Their partnership with SB Real Estate Partners has been instrumental in facilitating the expansion of multifamily projects throughout the Southwest, contributing to SB Real Estate Partners' success in the market.