SAN JOSE — A south San Jose apartment complex with hundreds of units has been bought in a deal that offers a hopeful sign for the South Bay rental housing sector.
Essex Property Trust, acting through an affiliate, bought the ViO residential hub for $100 million through an all-cash deal, documents filed on Sept. 30 with the Santa Clara County Recorder’s Office show.
The 234-unit ViO property at 5700 Village Oaks Parkway is across the street from Village Oaks Shopping Center, which is anchored by a Safeway supermarket…