Summary:
- Texas-based Dinerstein Cos. acquired the 119-unit, 475-bed 27 North student housing complex in downtown San Jose for $59.4 million, marking a significant addition to the Bay Area’s growing apartment investment activity.
- Developed by CityView and Symphony Development and opened in 2016, 27 North serves San Jose State University students and offers modern amenities and close campus proximity, reinforcing its appeal in the student housing sector.
- Dinerstein Cos. brings 70 years of real estate experience and a portfolio including 80,000 apartment units and 50,000 student beds nationwide, underscoring its strategic expansion into the competitive San Jose housing market amid increased investor interest.
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