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Silicon Valley apartment complex sells for $323 million as AI boom drives up rents

San Jose deal is one of most expensive multifamily transactions this year
Ethos Real Estate paid around $322.75 million for Ascent, a 650-unit complex in South San Jose. (CoStar)
Ethos Real Estate paid around $322.75 million for Ascent, a 650-unit complex in South San Jose. (CoStar)
CoStar News
December 30, 2025 | 8:07 P.M.

An investor specializing in bolstering California's housing supply has purchased a luxury apartment complex in Silicon Valley in one of the priciest multifamily deals in several years in the tech industry’s home region.

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