Bedford Affordable Housing Foundation Acquires 262-Unit Almaden Terrace in San Jose for $87.7MM

A Beverly Hills-based nonprofit has paid $87.7 million for a 262-unit apartment complex in one of San Jose's most established residential neighborhoods, attaching affordability covenants to the majority of its units in a market where average asking rents have climbed above $3,100 per month and are projected to rise faster than any other major U.S. […]