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Silicon Valley Developer Snaps Up Neighboring Apartment Complex For Record-High Price

Jay Paul Co. Acquires Redwood City Multifamily Property For $73.5 Million
San Francisco-based developer Jay Paul Co. purchased the Encore apartment complex in downtown Redwood City, California for a record-high $816,666-per-unit price. (CoStar)
San Francisco-based developer Jay Paul Co. purchased the Encore apartment complex in downtown Redwood City, California for a record-high $816,666-per-unit price. (CoStar)
CoStar News
December 2, 2020 | 9:48 P.M.

A bustling San Francisco developer, which has dozens of projects moving through the development pipeline, has acquired a Silicon Valley apartment complex for a per-unit price tag that shattered local records.

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