Post Investment Group Acquires San Jose Low Income Housing in $41 Million Premium Deal

Beverly Hills based Post Investment Group pays 21% over assessed value for a 152 unit low income apartment complex in San Jose, highlighting South Bay demand.

By: AXL Media

Published: Mar 10, 2026, 5:50 AM EDT

Source: The Real Deal

The Transaction and Valuation Breakdown

The property, located at 1930 Almaden Road, traded for approximately $270,000 per unit. While this figure sits at the lower end of recent San Jose multifamily transactions, it represents a substantial leap from the $34 million assessed value recorded in county files. The acquisition by an affiliate of Post Investment Group reflects a strategic move into the Section 42 Low Income Housing Tax Credit (LIHTC) sector, where rent stabilized assets provide predictable long term cash flows despite strict income caps on tenants.

Income Restrictions and Regulatory Context

Operating as a dedicated affordable housing site, the Almaden Road complex serves residents with specific income limitations. Currently, eligibility is restricted to individuals earning no more than $82,620 annually, or $118,020 for a four person household. These figures are calculated based on the area median income (AMI) for Santa Clara County, one of the most expensive regions in the United States. The deal highlights how institutional investors are increasingly looking toward subsidized housing as a hedge against the volatility often found in the market rate luxury sector.

Transformative Analysis: The Resilience of Affordable Assets

This sale is part of a broader trend where "attainable" housing is outperforming expectations in the capital markets. Unlike luxury developments that may face high vacancy during economic shifts, affordable units in San Jose maintain near zero vacancy rates due to the chronic shortage of housing for the local workforce. By paying a premium over the assessed value, Post Investment Group is betting on the stability of government backed tax credits and the persistent demand for rent restricted units in a city where market rate rents continue to climb.