The property asset involved in the transaction is a multifamily building located at 2020 Southwest Expressway in San Jose. The sale price for the Cherry Creek Apartments was $34,000,000, comprising 130 units which amounts to approximately $261,538 per unit. The property was built in 1968 and is participating in the federal Low-Income Housing Tax Credit program.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $34,000,000
• Units: 130
• Price Per Unit: $261,538
• Buyer: Jason Post - Post Real Estate Group
• Seller: Deborrah Willard - Foundation of Affordable Housing
• Date of Transaction: 03/05/2026
• Market: San Jose

In this transaction, Jason Post represented the Post Real Estate Group as the buyer, acquiring the property from Deborrah Willard, who represented the Foundation of Affordable Housing as the seller. This partnership highlighted a significant collaboration in the acquisition of the Cherry Creek Apartments, emphasizing a joint effort in managing affordable housing options.