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9/16/25
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Sack Capital Partners and Belveron Partners have acquired Fountain Park, a 164-unit garden-style apartment community at 1026 South De Anza Blvd in San Jose, along with a commitment to convert a portion of the units into affordable housing. Sack will also provide property management services for the asset. The trade is said to be worth around $52 mil, or $317k/unit.
Originally built in 1974, many of Fountain Park’s studio, one- and two-bedroom residences have been recently renovated. The property’s central location in San Jose/Cupertino provides abundant shopping and restaurant options, as well as easy 85 and 280 access. Amenities include clubhouse, BBQ area, resort-style swimming pool with spa hot tub, sauna, covered parking with EV and a Bark Park as the property is pet-friendly.
“We believe there will be great demand for Fountain Park due to its exceptional location near high tech companies such as Apple, PayPal, Cisco, and Adobe, as well as proximity to SJSU, De Anza College, and Palo Alto University – Cupertino,” commented David Feinberg, Sack Capital Partners Managing Partner.
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