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Affordable Housing Developer Tackles One of Nation's Priciest Markets With $102 Million Multifamily Buy

Jonathan Rose Cos. Agrees To Keep Income, Rent Restrictions on San Jose Apartments
Multifamily rents in San Jose, California, where The Grove apartment complex is located, are among the highest in the U.S.(CoStar)
Multifamily rents in San Jose, California, where The Grove apartment complex is located, are among the highest in the U.S.(CoStar)
CoStar News
December 4, 2023 | 9:54 P.M.

An affordable housing developer is strengthening its stake in one of the nation's priciest multifamily markets after closing on a $102 million acquisition and promising to hold the line on rent increases.

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