Clyde Holland Of Holland Partner Group Acquires Multifamily Community In San Jose For $105.3M

The multifamily asset involved in this transaction is Meridian at Midtown, a 218-unit apartment community located at 1432 West San Carlos Street in San Jose, California. The property was acquired for $105.3 million, equating to over $483,000 per unit. Constructed in 2015, it features 14,000 square feet of ground-floor retail space.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $105,300,000
• Units: 218
• PPU: $483,028
• Buyer: Clyde Holland - Holland Partner Group
• Seller: Essex Property Trust

Clyde Holland, representing Holland Partner Group, was the buyer in this transaction, acquiring the property from Essex Property Trust. This transaction reflects a noteworthy addition to Holland Partner Group's portfolio in the multifamily housing market.