MILPITAS — A veteran real estate investor with a national reach has bought a big apartment complex in Milpitas, a deal that points to ongoing strong buyer interest in the Silicon Valley housing market.
Victorian Square, an apartment complex in Milpitas, has been bought by an affiliate of Klingbeil Capital Management, a real estate firm with a San Francisco office and roots in Ohio, according to public property and business records.
The 96-unit Victorian Square, located at 2021 N. Milpitas Blvd. in Milpitas, was bought for $36.3 million, property records filed with Santa Clara County officials on Oct. 2. show.
Located near tech hubs in San Jose, Milpitas, and Fremont, the apartment complex appears to be in strong demand from renters. The apartments.com website states that none of the units in the complex are available for rent.
Investors appear to hunger for apartment complexes throughout Silicon Valley and the East