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Home Finance 336-Unit The Fay in San Jose Acquired for $175MM in Post-Foreclosure Bet
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336-Unit The Fay in San Jose Acquired for $175MM in Post-Foreclosure Bet

May 28, 20263 Mins read794
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A discounted purchase paired with a city-subsidized leasing program aims to rescue a downtown tower that opened to acclaim, then nearly half-emptied. Two longtime Silicon Valley real estate operators have taken control of The Fay, the 23-story apartment tower in downtown San Jose, paying $175 million in a transaction that resolves months of distress and […]

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