LaSalle Investment Management Acquires 482-Bed Student Housing Property in San Jose

LaSalle Investment Management has completed the acquisition of 27 North Apartments, a significant student housing asset located in San Jose, California. This seven-story community, situated near the San Jose State University campus, comprises 119 units offering a total of 482 beds in two-, three-, and four-bedroom configurations. The property, built in 2016, was fully occupied at the time of the sale, indicating robust demand in the local student housing market.

The Dinerstein Cos. has been appointed to manage the newly acquired asset. While the specific terms of the transaction and the seller's identity were not disclosed, this acquisition highlights continued investment interest in purpose-built student accommodation. For developers and investors, this deal underscores the viability and strong performance of well-located and fully occupied student housing properties in university-dense markets like San Jose, signaling potential opportunities for future development or acquisition in similar areas.