newsfilter
← Latest News
Business Wire·

Institutional Property Advisors Brokers $204.75 Million Sale of 1,035-Bed Student Housing Property in Northern California

  • Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of The Grad San Jose, a 260-unit, 1,035-bed purpose-built student housing asset near San Jose State University.
  • The property sold in late October 2026, a time when SJSU enrollment reached nearly 41,000 students in fall 2026.
  • The 19-story Class A high-rise was 100% occupied for the second consecutive leasing season with strong renewal activity supported by BEKK Inc.
  • Sellers represented by Peter Katz & Tony Solomon included AMCAL, Swenson, & Tikehau Capital.
  • The buyer is a joint venture between Coastal Ridge Real Estate & Brookfield.
  • The property features fully furnished one- to four-bedroom floor plans with private bedrooms, private bathrooms, fully equipped kitchens, & in-unit laundry.
  • Community amenities include a resort-style pool & spa, 24-hour fitness center, study lounges, a penthouse sky deck, outdoor movie screen, sports courts, & grilling stations.
  • The building was completed in 2020 & is positioned in a supply-constrained Silicon Valley market with deep demand & compressed cap rates.