Meridian at Midtown Sold for $105M

Holland Partner Group just paid $105.3 million for the Meridian at Midtown apartment complex in San Jose — a 218-unit building sandwiched between two major malls — marking a modest but meaningful gain after its 2018 purchase. At over $483,000 per unit, the deal reflects stability in a market where many properties are struggling. While the 1.2% appreciation may seem small, it signals resilience in the South Bay rental scene. With forecasts predicting up to 4.4% rent growth this year and other major deals underway, San Jose’s apartment market is showing signs of life — and investors are taking notice. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/db21bbf15bee5071