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New Build and Transit Have Buyer Appeal

MILPITAS, CA—Ilara Apartments is located within 500 feet of the Great Mall/Main Transit Center, serviced by both VTA light rail and bus routes, as well as AC Transit, providing direct connectivity to major employment centers.

By Lisa Brown | Updated on December 23, 2015

MILPITAS, CA—With housing demands continuing to come from tech workers, multifamily properties seemingly cannot be built fast enough and are quickly snapped up by investors. A 200-unit apartment community built this year, Ilara Apartments, fits that category after being acquired by private real estate investment manager, JB Matteson Inc. The price was undisclosed.

Totaling 182,795 square feet, Ilara Apartments is strategically located just at the confluence of Silicon Valley and the East Bay’s burgeoning employment centers. Ilara is one of the newest apartment communities with a top-of-market amenity package and transit-orientated location.

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