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SAN JOSE, CALIF. — Sares Regis Multifamily Fund, L.P., has acquired the 144-unit Alterra San Jose apartment community for an undisclosed sum. The community was built in 1988 at 1640 La Rossa Circle in San Jose. It is situated near the intersection of Almaden Expressway and CA-87.
Sares Regis represented itself in this transaction. The sellers, Pacific Urban Residential and Hunt Companies, acquired the property on an off-market basis in early 2011. They were represented by HFF’s Nathan Blair and Charles Halladay.