Acacia Capital Corp. purchased Sofia Apartments, a 286-unit multifamily property in Santa Clara, California, for $183 million from SummerHill Homes. The transaction works out to about $640,000 per unit, significantly above Santa Clara County's average of $458,000 per unit for large multifamily properties.
New Santa Clara apartment complex changes hands
Acacia Capital spends $640,000 per unit for Sofia Apartments near San Jose
By Zahra Ihsan with
January 20, 2026 | 6:10 P.M.
RELATED ARTICLES
This news story is available exclusively to CoStar subscribers.
Watch the video to learn how you can access industry leading CRE news and the data analytics you need to drive success.
This news story is available exclusively to CoStar subscribers.
Ready to Learn More?
Sign Up For a Personalized Demo.
Sign Up For a Demo To Learn More.
Already A Subscriber? Sign In
IN THIS ARTICLE
- Properties
- Sofia
3580 Rambla Pl, Santa Clara, CA
- Companies
- Acacia Capital Corporation
Real Estate
- SummerHill Homes
Construction
- Contacts
- Rob LeDoux
Senior Director, Institutional Property Advisors
- Alex Tartaglia
Senior Director, Institutional Property Advisors
- Stanford Jones
Executive Managing Director Investments, Institutional Property Advisors
- Philip Saglimbeni
Executive Managing Director Investments, Institutional Property Advisors
- Salvatore Saglimbeni
Executive Managing Director Investments, Institutional Property Advisors