Adam Siegman, Jennifer Keith & Cameron Bassett Of Ethos Real Estate Acquire 230-Unit LINQ Apartments In San Jose For $97.6M From Terry Fancher Of Stockbridge

The property asset involved in this transaction is the LINQ apartments, a multifamily property located at 1700 Newbury Park Drive in San Jose. The sale price was $97,600,000, equating to $424,348 per unit for the 230 residential units. The property, which was built in 2016, was previously purchased by Stockbridge Capital for $104 million in 2019 after an original construction cost of $70 million.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $97,600,000
• Units: 230
• PPU: $424,348
• Buyer: Adam Siegman, Jennifer Keith & Cameron Bassett - Ethos Real Estate
• Seller: Terry Fancher - Stockbridge

The deal was represented by Adam Siegman, Jennifer Keith, and Cameron Bassett from Ethos Real Estate, who were responsible for the purchase of the property from Terry Fancher of Stockbridge. The transaction reflects a strategic acquisition for the buyers, considering the history and financial metrics associated with the LINQ apartments.