Jason Post Of Post Real Estate Group And William Hirsch Acquire Foxdale Village In San Jose For $48M

The asset involved in the transaction is a 287-unit multifamily community located at 1250 Foxdale Loop in San Jose. The property is income-restricted under the Low-Income Housing Tax Credit (LIHTC) program and was built in 1979. The sale price for the property was $48,000,000, amounting to approximately $167,247 per unit, which is below the metro’s 2024 average of $449,000 per unit.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $48,000,000
• Units: 287
• Price Per Unit: $167,247
• Buyer: Jason Post - Post Real Estate Group; William Hirsch - Affordable Housing Access
• Seller: Marquis Hyatt & Paul Fruchbom - KDF Communities
• Lender: CBRE Multifamily Capital

Jason Post, representing Post Real Estate Group, and William Hirsch, representing Affordable Housing Access, were the purchasers of the property, while Marquis Hyatt and Paul Fruchbom represented KDF Communities as the sellers. CBRE issued a loan of $46.2 million to facilitate the acquisition.