A big apartment complex in Milpitas has been bought for more than $150 million by a veteran owner of residential properties.
MILPITAS — A big apartment complex in Milpitas has been bought for more than $150 million by a veteran owner of residential properties in a deal that suggests investors still thirst for Bay Area real estate in prime locations.
Fairfield Residential sold the complex to Griffis Residential, according to the county’s public records. Pool and gathering areas at Cerano Apartments, a 373-room residential complex at 501 Murphy Ranch Road in Milpitas.
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