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Multifamily Investor Makes Second High-Dollar Purchase Outside Phoenix This Month

JB Partners Pays $240 Million, Another Near Record, for Luxury Property in Upscale Scottsdale
The Moderne apartments near downtown Scottsdale, Arizona, were built in 2014. (Tim Nelson/CoStar)
The Moderne apartments near downtown Scottsdale, Arizona, were built in 2014. (Tim Nelson/CoStar)

A Southern California investor paid one of the highest per-unit prices on record for apartments in Phoenix's affluent Scottsdale suburb, its second high-dollar purchase in the area in the past 10 days.

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