The Beverly Hills-based Post Investment Group has acquired the Regency Square Apartments in San Jose for $40 million. This 224-unit complex, built in 1963 and located at 1315 Eden Avenue, has income restrictions to qualify tenants. The property’s limits, such as $82,620 for a one-person household, are defined by the Low Income Housing Tax Credit program, which aims to enhance affordable housing accessibility. Post Investment Group's acquisition highlights its commitment to real estate investments that support community housing needs while balancing a diversified portfolio across various sectors.
The sale of Regency Square Apartments reflects a strategic move as Post Investment Group expands its portfolio while maintaining a focus on affordable housing within the community.
With income restrictions in place, Regency Square Apartments aims to provide housing access to lower-income households, supporting the city’s affordable housing initiatives through the Low Income Housing Tax Credit program.
Post Investment Group, noted for its diversified investment strategy, prioritizes real estate acquisitions that align with community needs, especially in urban regions like San Jose.
The property’s income limits ensure that it serves families and individuals seeking affordable rental options, showcasing the importance of balancing investment interests with social responsibility.
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