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Developer Lands $53 Million in Silicon Valley Apartment Sale to Global Insurance Firm

Zurich Alternative Asset Management Snaps Up Property Surrounded by Regional Tech Giants
Northern California multifamily investor USA Properties Fund sold the Santana Terrace apartment complex in Santa Clara, California. (CoStar)
Northern California multifamily investor USA Properties Fund sold the Santana Terrace apartment complex in Santa Clara, California. (CoStar)
CoStar News
October 17, 2022 | 10:40 P.M.

The investment arm of Zurich Insurance Group is chasing growth in one of the nation's priciest multifamily markets, spending $53 million to acquire a Silicon Valley apartment complex.

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