{"id":376787,"date":"2026-06-27T03:30:23","date_gmt":"2026-06-27T03:30:23","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ca\/376787\/"},"modified":"2026-06-27T03:30:23","modified_gmt":"2026-06-27T03:30:23","slug":"holland-partner-group-buys-san-jose-rentals-near-2018-price","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ca\/376787\/","title":{"rendered":"Holland Partner Group Buys San Jose Rentals Near 2018 Price"},"content":{"rendered":"

Holland Partner Group purchased a 218-unit apartment complex between the Westfield Valley Fair and Santana Row malls in west San Jose for $105.3 million.<\/p>\n

An affiliate of the Vancouver, Washington-based investor bought the Meridian at Midtown at 1432 West San Carlos Street, next to Meridian Avenue, the San Jose Mercury News reported<\/a>, citing public documents. The seller was Essex Property Trust, a real estate investment trust based in San Mateo.<\/p>\n

The deal works out to more than $483,000 per unit.<\/p>\n

Essex bought the five-story building in 2018 for $104 million, or more than $477,000 per unit.<\/p>\n

The 1.2 percent gain in the property\u2019s value over eight years suggests a flat market for rental housing in the South Bay city.\u00a0<\/p>\n

Meridian at Midtown, built in 2015 at a cost of $74 million<\/a>, has 14,000-square-feet of ground-floor shops and pool. Its studio, one- and two-bedroom apartments rent for between $2,500 and $3,600, according to Apartments.com.<\/p>\n

In recent years, fading values and failed loans have haunted a growing number of apartment properties<\/a> in multiple Bay Area markets, according to the Mercury News.<\/p>\n

The financial setbacks have led to foreclosures of prominent residential hubs<\/a>.<\/p>\n

But an uptick may be on the horizon for the South Bay apartment market.<\/p>\n

Average rents are expected to rise 4.4 percent this year, according to Marcus & Millichap, which predicted San Jose\u2019s rent growth will lead major markets this year.<\/p>\n

This month, Bedford Affordable Housing Foundation and Post Investment Group bought a 262-unit apartment complex at 2118 Canoas Garden Avenue in San Jose for $87.7 million<\/a>.\u00a0<\/p>\n

In April, the Sobrato Organization and Pacific West Communities filed preliminary plans to turn a 1.3-acre parking lot at 143 South Third Street in downtown San Jose into a 173-unit affordable housing development.<\/a>\u00a0<\/p>\n

In March, an affiliate of Post Investment Group, based in Beverly Hills, purchased the 152-unit low-income apartment complex at 1930 Almaden Road in San Jose for $41 million<\/a>. \u2014Dana Bartholomew<\/p>\n

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Post Investent snags 262-unit apartment complex in San Jose for $88M<\/p>\n

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San Jose apartments sell in bargain $116K per-unit transaction<\/p>\n

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Dishelved San Jose site proposed for offices, then housing, falls into default<\/p>\n

\t\t\t<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Holland Partner Group purchased a 218-unit apartment complex between the Westfield Valley Fair and Santana Row malls in…\n","protected":false},"author":2,"featured_media":376788,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[29],"tags":[152553,88,90,89],"class_list":["post-376787","post","type-post","status-publish","format-standard","has-post-thumbnail","category-san-jose","tag-holland-partner-group-rentals","tag-san-jose","tag-san-jose-headlines","tag-san-jose-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/376787","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/comments?post=376787"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/376787\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media\/376788"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media?parent=376787"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/categories?post=376787"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/tags?post=376787"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}