Institutional Property Advisors Brokers $204.75 Million Sale of 1,035-Bed Student Housing Property in Northern California
Marcus & Millichap's institutional division, IPA, brokered the $204.75 million sale of The Grad San Jose, a 260-unit, 1,035-bed purpose-built student housing high-rise near San Jose State University. The property was 100% occupied for a second consecutive leasing season at closing. IPA represented sellers AMCAL, Swenson and Tikehau Capital and procured a buyer JV of Coastal Ridge Real Estate and Brookfield.
Key figures
- Deal Value Usd
- 204750000
- Property beds
- 1035
- Property units
- 260
- Year completed
- 2020
- Occupancy at sale
- 100%
AI analysis
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