Three San Jose apartment complexes have been bought in deals that total nearly $135 million by a Southern California real estate firm that this year also grabbed a downtown Oakland housing tower.
The apartment buildings in San Jose were bought for a combined $134.8 million, according to documents filed on Oct. 11 with the Santa Clara County Recorder’s Office.The residential complexes involved in the purchase are Sierrabrook Apartments at 1265 N. Capital Ave., Casa Verde Apartments at 2050 McKee Road and Pacific Terrace West at 496 Boynton Ave., all in San Jose, according to the public records.
In the most recent deals, FPA Multifamily’s affiliates bought San Jose apartment centers of varying sizes.Here are some of the details and respective prices for the San Jose transactions that FPA Multifamily completed this week, according to the county records and the apartments.com site: In August, FPA Multifamily paid $55.5 million for an 18-story housing tower with 178 apartments near downtown Oakland and Lake Merritt.
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