CAMPBELL — A merger of two real estate firms resulted in the purchase of a 348-unit apartment complex in Campbell.
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Avalon Campbell, at 508 Railway Ave., was bought for $147.3 million, documents filed on Aug. 21 with the Santa Clara County Recorder’s Office show.
At roughly $423,300 a unit, the purchase price was above the average price per unit of $404,500 for apartments in Santa Clara County during 2025, as estimated by Matthews Research and Costar Group.
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The apartment complex was owned by an affiliate of AvalonBay. On Aug. 13, AvalonBay and Equity Residential completed a merger that created a new company called Vivmark Residential.
Vivmark Residential was valued at $69 billion when the deal was completed. The combined firm now owns more than 180,000 rental apartments with another 10,000-plus units under construction.
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