Grosvenor Buys San Jose Apartment at 4.25 Cap Rate

By Jon Peterson San Francisco-based Grosvenor Americas has bought the 432-unit Waterstone Apartment Homes in San Jose at a 4.25 percent cap rate, according to sources familiar with the property. [contextly_sidebar id="cDca2WFFWSeY6vj4ePfbYcMLJnskejxm"]“Once the property becomes stabilized over the next two to three years, we figures that the cap rate on the complex will be moved […]