The Koret Foundation Acquires Villages At Cupertino Apartment Complex For $50.1M

The Villages at Cupertino apartment complex in Cupertino has been sold in a transaction worth $50.1 million. The multifamily property, which spans 5.3 acres, consists of 110 units. The sale price equates to approximately $455,455 per unit. The buyer is The Koret Foundation, a nonprofit organization based in San Francisco, represented by Jeffrey A. Farber. The seller of the property is TPG Equity REIT Operating Partnership.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $50,100,000
• Address: 20800 Valley Green Drive, Cupertino
• Market: Cupertino
• Acres: 5.3
• Units: 110
• Price per Unit: $455,455

The purchase of the Villages at Cupertino by The Koret Foundation demonstrates the organization's continued investment in the real estate market. The apartment complex, built in 1968, is conveniently located near Apple's former headquarters, making it an attractive asset for potential tenants. The sale of this property signifies a successful transaction between The Koret Foundation and TPG Equity REIT Operating Partnership.