Adam Siegman & Jennifer Keith Of Ethos Real Estate Acquire 650-Unit Multifamily Asset In San Jose For $322.75M
5805 Charlotte Drive
$322,750,000
Building Size
—
Asset Type
MultiFamily
Closing
Dec 22, 2025
AI
The 650-unit Ascent apartment complex, located at 5805 Charlotte Drive in San Jose, was sold for $322,750,000, translating to approximately $496,538 per unit. Built in 2016, this multifamily asset, previously owned by Shea Properties, includes amenities such as a fitness center and a pool, with monthly rent prices ranging from $2,919 to $4,900.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $322,750,000
- Units: 650
- Price Per Unit: $496,538
- Buyer: Adam Siegman & Jennifer Keith - Ethos Real Estate
- Seller: Colm Macken - Shea Properties
The transaction involved key representatives, with Adam Siegman and Jennifer Keith acting on behalf of Ethos Real Estate as buyers, while Colm Macken represented Shea Properties as the seller in this deal.
Players
San Jose MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.05%
Cash-on-Cash
-0.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93