{"id":423074,"date":"2026-08-03T23:06:06","date_gmt":"2026-08-03T23:06:06","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ca\/423074\/"},"modified":"2026-08-03T23:06:06","modified_gmt":"2026-08-03T23:06:06","slug":"san-jose-senior-residential-hub-lands-buyer-for-100-million-plus-3","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ca\/423074\/","title":{"rendered":"San Jose senior residential hub lands buyer for $100 million-plus"},"content":{"rendered":"

SAN JOSE \u2014 Avella at Almaden, a senior residential hub<\/a> in South San Jose, was bought for $102.8 million, documents filed on July 30 with the Santa Clara County Recorder\u2019s Office show.<\/p>\n

American Healthcare REIT, a real estate firm based in Irvine, bought the apartment complex at 4610 Almaden Expressway in an all-cash deal, according to property files.<\/p>\n

The seller, an affiliate of Phoenix-based Alliance Residential Co., bought the property in 2017 and then developed the senior complex.<\/p>\n

Avella at Almaden offers assisted living and memory care, according to the property\u2019s website.<\/p>\n

\u201cOur community is centered on connection, well-being, and living with purpose,\u201d the apartment hub states on its site.<\/p>\n

The 200-unit senior living center was acquired at a price that was 9.5% above the property\u2019s assessed value as of January, an estimate calculated by Santa Clara County officials shows.<\/p>\n

The rising value for Avella at Almaden contrasts with the struggles for some apartment properties<\/a> in San Jose, such as the previously foreclosed Fay tower<\/a>, and difficulties<\/a> for several apartment buildings<\/a> in downtown Oakland.<\/p>\n","protected":false},"excerpt":{"rendered":"SAN JOSE \u2014 Avella at Almaden, a senior residential hub in South San Jose, was bought for $102.8…\n","protected":false},"author":2,"featured_media":423075,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[29],"tags":[184,387,7,8,383,1280,1337,1533,181,100,388,88,90,89,5406,198,386,94685,200,201],"class_list":["post-423074","post","type-post","status-publish","format-standard","has-post-thumbnail","category-san-jose","tag-bay-area","tag-business","tag-california","tag-california-news","tag-economy","tag-health-care","tag-housing-development","tag-keywee","tag-latest-headlines","tag-news","tag-real-estate","tag-san-jose","tag-san-jose-headlines","tag-san-jose-news","tag-san-jose-real-estate","tag-santa-clara-county","tag-seniors","tag-social-alert","tag-south-bay","tag-south-san-jose"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/423074","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=423074"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/423074\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media\/423075"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media?parent=423074"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/categories?post=423074"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/tags?post=423074"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}