SB Real Estate Partners Acquires Multifamily Asset In Redlands For $46.2M

The multifamily property located at 1250 N. University St. in Redlands has been sold for a total price of $46,200,000. This property consists of 124 units, resulting in a per-unit price of $372,580. The transaction took place on October 19, 2021.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $46,200,000
• Units: 124
• Price Per Unit: $372,580
• Market: Redlands

The buyer of this property is SB Real Estate Partners, represented by Srijin Bandyopadhyay. The brokers involved in the deal were Blake Rogers and Hunter Combs from Walker & Dunlop.