NewPoint Real Estate Capital has provided $105 million of financing for JB Partners’ purchase of SeventyOne15 McDowell, a 274-unit apartment property in Scottsdale, Ariz. The Newport Beach, Calif., investor acquired the newly constructed property for $150 million, or $547,445/unit, from its developer, Alliance Residential Co. of Scottsdale. Marcus & Millichap’s Institutional Property Advisors unit brokered […]

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