A Texas family office had made a $23 million equity investment in SB Real Estate Partners’ $56.4 million purchase of the 232-unit Obsidian on Ocotillo apartment complex in Glendale, Ariz. As reported, SB Real Estate, of Irvine, Calif., had purchased the property, at 6801 West Ocotillo Road, from Tower 16 in a deal brokered by Northmarq. […]

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