Street-level view of 27 North, a student housing apartment complex at 27 North 6th Street in downtown San Jose. (Google Maps)
SAN JOSE — A student housing complex in downtown San Jose has been bought by a Texas-based group in a deal that adds to the recent burst of purchases of apartment deals in the Bay Area’s largest city.
27 North, a housing hub for San Jose State University students, has been bought for $59.4 million, according to a grant deed filed on Aug. 27 at the Santa Clara County Recorder’s Office.
The Dinerstein Cos., through an affiliate, bought the 119-unit, 475-bed 27 North residential complex, county documents show.
Real estate firms CityView and Symphony Development teamed up to build the 27 North complex and opened it to students in 2016. CityView and Symphony were the sellers in the just-completed deal.
“At 27 North, you’ll live in supreme comfort while enjoying stress-free roommate matching, access to modern amenities like a resort-style pool, and unbeatable proximity to campus,” according to a post on the property’s website.
Dinerstein Cos., the new owner of the 27 North complex, states that it has 70 years of experience in the real estate business. The company has developed 80,000 apartment units and 50,000 student housing beds, both nationwide figures.
Over the last several months, a growing number of investors have bought a string of apartment complexes in San Jose.
Along with the purchases of these market-rate apartment properties, investors have also begun to scoop up properties that specialize in senior living accommodations.
Not everything has always gone smoothly for apartment complexes in San Jose, however.
The Fay housing tower in downtown San Jose toppled into foreclosure in January 2026. In June 2026, however, a group led by business entrepreneur Adam Neumann of WeWork and Flow fame and real estate executives Gary Dillabough and Andrew Jacobsen bought the 336-unit, 23-story high-rise for $175 million.