Coastal Ridge Real Estate and Brookfield have acquired The Grad San Jose, a 260-unit, 1,035-bed, purpose-built student housing asset near San Jose State University in San Jose, where enrollment reached nearly 41,000 students in fall 2026.
The sale price was $204.75 million. Marcus & Millichap represented the sellers, AMCAL, Swenson and Tikehau Capital, and procured the buyer.
“Rising 19 stories just one block from San Jose State University, The Grad is a modern, class A high-rise in the heart of Silicon Valley, a market with deep demand, compressed cap rates and significant barriers to entry,” said Peter Katz, executive managing director of investments at Institutional Property Advisors (IPA), a division of Marcus & Millichap. “At the time of sale, the property was 100 percent occupied for the second consecutive leasing season, with strong renewal activity supported by Fresno-based property manager BEKK Inc.”
“Institutional demand for student h
