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Investment Firm Buys San Jose Apartments for $194 Million

Deal Is Among Largest on Record for High-Demand Silicon Valley
The deal for the Sofi Waterford Park apartments was the San Jose region's fourth-largest by total price for 2019 and eighth-largest on record. (CoStar)
The deal for the Sofi Waterford Park apartments was the San Jose region's fourth-largest by total price for 2019 and eighth-largest on record. (CoStar)
CoStar News
January 7, 2020 | 6:33 P.M.

Investment firm Pacific Urban Residential bought a San Jose, California, apartment property for $194 million, among that region’s largest multifamily deals of the past year and the latest indicator of rising demand stoked by high Silicon Valley employment growth.

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