Eden Housing, Santa Clara County Break Ground on 68-Unit East Santa Clara Senior in Downtown San José
Why this matters
Multifamily has been the most actively underwritten sector through the rate cycle, with cap rate compression resuming in Sun Belt and gateway markets as 2024-2025 deliveries roll off and refinance demand on 2021-vintage bridge loans clears. Transaction velocity is up modestly, concentrated in stabilized Class A and grocery-adjacent garden assets. Allocators continue to favor residential for its income durability and its insulation from secular demand questions that still hang over commercial sectors.
Editorial analysis · Real Estate Trail Editorial
Eden Housing and the County of Santa Clara have started construction on East Santa Clara Senior, a 68-unit affordable and supportive rental community in downtown San José that will restore a century-old former IBM pla…
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