{"id":6251,"date":"2026-08-03T22:06:50","date_gmt":"2026-08-03T22:06:50","guid":{"rendered":"https:\/\/nextcitydigest.com\/?p=6251"},"modified":"2026-08-03T22:06:50","modified_gmt":"2026-08-03T22:06:50","slug":"san-jose-senior-residential-hub-lands-buyer-for-100-million-plus","status":"publish","type":"post","link":"https:\/\/nextcitydigest.com\/?p=6251","title":{"rendered":"San Jose senior residential hub lands buyer for $100 million-plus"},"content":{"rendered":"<div>\n<div>\n<p>SAN JOSE \u2014 Avella at Almaden, a senior residential hub in South San Jose, was bought for $102.8 million, documents filed on July 30 with the Santa Clara County Recorder\u2019s Office show.<\/p>\n<p>Read more <a href=\"https:\/\/nextcitydigest.com\/?p=6249\">National Night Out: List of public parties in the Bay Area<\/a><\/p>\n<p>American Healthcare REIT, a real estate firm based in Irvine, bought the apartment complex at 4610 Almaden Expressway in an all-cash deal, according to property files.<\/p>\n<p>The seller, an affiliate of Phoenix-based Alliance Residential Co., bought the property in 2017 and then developed the senior complex.<\/p>\n<p>Avella at Almaden offers assisted living and memory care, according to the property\u2019s website.<\/p>\n<p>Read more <a href=\"https:\/\/nextcitydigest.com\/?p=6247\">25 states sue over Trump administration\u2019s latest tariffs, citing Supreme Court ruling<\/a><\/p>\n<p>\u201cOur community is centered on connection, well-being, and living with purpose,\u201d the apartment hub states on its site.<\/p>\n<p>The 200-unit senior living center was acquired at a price that was 9.5% above the property\u2019s assessed value as of January, an estimate calculated by Santa Clara County officials shows.<\/p>\n<p>The rising value for Avella at Almaden contrasts with the struggles for some apartment properties in San Jose, such as the previously foreclosed Fay tower, and difficulties for several apartment buildings in downtown Oakland.<\/p>\n<p>Read more <a href=\"https:\/\/nextcitydigest.com\/?p=6245\">World-class jazz music is coming to Contra Costa County in 2026-27<\/a><\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>A senior residential hub in San Jose has been bought for more than $100 million in a deal that hints at rising values for these types of housing communities.<\/p>\n","protected":false},"author":1,"featured_media":6250,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-6251","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - 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