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Silicon Valley complex sells in region's biggest apartment deal in seven years

Buyers of the 948-unit Park Kiely in San Jose benefit from state tax exemption
The 948-unit Park Kiely apartments in San Jose sold for $370 million in the biggest multifamily deal in Santa Clara County since 2018. (CoStar)
The 948-unit Park Kiely apartments in San Jose sold for $370 million in the biggest multifamily deal in Santa Clara County since 2018. (CoStar)
CoStar News
August 29, 2025 | 7:39 P.M.

A sprawling Silicon Valley apartment complex with more than 900 below-market-rate homes in one of the least affordable regions of the United States has sold for $370 million in the largest single multifamily deal in the region in years.

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News | Silicon Valley complex sells in region's biggest apartment deal in seven years