Highly Amenitized Apartment Community in San Jose Leasing 2x Faster than Projected; Outdoor and Indoor Recreational Options Create New ‘Livingstyle’ in Silicon Valley.
(San Jose, CA – September 7, 2016) – Having reached 86% occupancy in half the time projected, Equity Residential’s Vista 99 apartment community in North San Jose, CA has experienced a nearly unprecedented velocity of leasing since occupancy began a mere ten months ago, announced John Hyjer, First Vice President Investments for Equity Residential.
According to Hyjer, “Vista 99 is a very large, highly-amenitized apartment community with 554 residences. Even in a strong market, we anticipated it taking over two years to lease up, but in fact Vista 99 is already 86% occupied. Clearly, we are incredibly gratified to see that the design and lifestyle opportunity curated at Vista 99 has resonated with the professionals and families alike.”
Located at West Tasman and Vista Montana, residents of Vista 99 also have access to the new 5-acre Domain Park, created by Equity Residential for the entire community, as well as another 1-acre park Equity created immediately adjacent to the apartments. According to Hyjer, this access and proximity to open parks in the middle of a city has proven to be one of the key motivators to leasing.
The other aspect Hyjer cited as driving the high velocity of leasing has been the level of quality and the extent of the on-site amenities. He noted there is a rooftop deck with BBQs and cabanas with extensive skyline views; complementary Wi-Fi in all amenity areas – inside and outside; a resort-style swimming pool and hot tub; a Clubhouse with HDTV and a Demonstration Kitchen; a Community Game and Rec Room with pool table, wide-screen TVs and foosball; An Upper Deck Fitness Room, plus yoga, cardio and strength-fitness rooms; a Media Room; and complementing Vista 99’s pet-friendly policies, a Dog Wash Station. The apartments themselves are outfitted with private balconies or patios; gourmet kitchens with stainless steel appliances and granite countertops; eco-rated in-home washers and dryers, and many have expansive views from the over-sized windows.
About Equity Residential
Equity Residential is an S&P 500 company focused on the acquisition, development and management of high quality apartment properties in top U.S. growth markets. Equity Residential owns or has investments in 315 properties consisting of 79,458 apartment units. For more information on Equity Residential, please visit our website at www.equityapartments.com.