Joseph Bae & Scott Nuttall Of KKR Acquire 636-Unit Multifamily Asset In San Jose For $346.5M

The property involved in this transaction is the Lynhaven apartments, a multifamily asset located at 919 South Winchester Boulevard in San Jose, CA. The property comprises 636 residential units and was sold for $346.5 million, which breaks down to approximately $544,811 per unit. This transaction reflects a significant premium over the metro's average price per unit, indicating strong demand in the San Jose multifamily real estate market.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $346,500,000
• Units: 636
• Price Per Unit: $544,811
• Buyer: Joseph Bae & Scott Nuttall - KKR
• Market: San Jose, CA

The transaction was executed by Joseph Bae and Scott Nuttall representing KKR. This acquisition illustrates the growing interest from investors in multifamily properties within San Jose, largely driven by the increasing demand for housing as tech and AI industries expand in the region.