San Jose residence advanced purchased in $50 million-plus deal

SAN JOSE — Fountain Park in San Jose has been purchased for $52 million, in response to paperwork filed on Aug. 29 with the Santa Clara County Recorder’s Workplace.

Sack Capital Companions, appearing by an affiliate, is now the proprietor of the residential advanced at 1028 South De Anza Blvd., county and state public paperwork present.

Entrance space of Fountain Park flats at 1028 South De Anza Boulevard in San Jose. (Google Maps)

San Francisco-based Sack Capital Companions is an actual property agency whose experience contains proudly owning and managing residence properties, in response to the corporate’s web site.

“The firm’s current portfolio includes approximately 3,000 apartments and condominiums in 15 cities in the Western U.S.,” the agency states on its web site.

Las Palmas Housing, an actual estate-oriented nonprofit, can be a part of the possession group.

“Las Palmas specializes in the development and long term ownership of affordable rental housing for senior and family residents,” the nonprofit states on its web site.

The 164-unit Fountain Park was in-built 1974, in response to Flats.com.

Only a few days in the past, an actual property alliance paid $370 million for Park Kiley, a 948-unit residence advanced at 355 Kiley Ave. in San Jose, paperwork filed on Aug. 27 present. Measured by greenback quantity, the deal represented the biggest quantity paid for an residence property up to now in 2025.

The more moderen deal for Fountain Park labored out to about $317,100 a unit – significantly lower than the $390,300 per unit within the Park Kiley transaction.