**Waterton Adds San Jose Apartments to Bay Area Portfolio**
Waterton, a national real estate investor and operator, has acquired Misora, a 212-unit mid-rise apartment community located at 388 Santana Row in San Jose. The seller and sale price were not disclosed. As part of the acquisition strategy, Waterton plans to implement a comprehensive value-add program aimed at upgrading residences and revitalizing the community’s amenity spaces.
“We’re currently seeing favorable market dynamics and strong supply-demand fundamentals prevail across the Bay Area and throughout Silicon Valley,” said Ben Slack, Vice President of Acquisitions at Waterton. “Demand continues to be driven by the tech sector in this high-barrier-to-entry district that hasn’t seen a new apartment delivery in nearly a decade.”
Originally built in 2013, Misora features a variety of larger-than-average floorplans, including studio, one-, two-, and three-bedroom configurations. The community is conveniently situated just a few blocks from the I-880 and I-280 interchange, offering easy access to major employment hubs.
With this latest acquisition, Waterton’s owned and managed multifamily portfolio in the Bay Area now exceeds 920 units.
