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Investors rush to cash in on rising rents in Silicon Valley amid AI boom

KKR Real Estate scoops up San Jose apartment complex for nearly $350 million
KKR Real Estate scooped up the Lynhaven apartments in San Jose in an all-cash deal. (CoStar)
KKR Real Estate scooped up the Lynhaven apartments in San Jose in an all-cash deal. (CoStar)
CoStar News
September 3, 2026 | 11:08 P.M.

Institutional investors are widening their bet on housing in Silicon Valley as the artificial intelligence boom combines with the San Francisco Bay Area’s chronic housing shortage to drive up rents even higher.

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