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Grosvenor Buys San Jose Multifamily for $370,000 Per Unit

Pacific Urban Residential Divests 432-Unit Waterstone Apartments
By Enid Guerrero
November 4, 2015 | 4:55 P.M.

Continuing to bulk up its multifamily portfolio, Grosvenor Americas acquired the 432-unit Waterstone apartment community at 3980 Ellmar Oaks Dr. in San Jose, CA. Grosvenor agreed to pay $160 million, or about $370,000 per unit, to seller Pacific Urban Residential.

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