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Beverly Hills investor moves on affordable housing deals up and down California

Post Investment Group to convert Silicon Valley complex to low-income rentals
The Almaden Terrace complex is one of the larger multifamily developments in the downtown San Jose area. (CoStar)
The Almaden Terrace complex is one of the larger multifamily developments in the downtown San Jose area. (CoStar)
CoStar News
June 24, 2026 | 7:48 P.M.

A 1970s-era apartment complex in Silicon Valley has sold for the first time in more than half a century to a Southern California investor that plans to use $112 million in state-issued tax-exempt bonds to turn it into affordable housing.

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