SAN JOSE — A senior living apartment complex in San Jose has been bought by one of the nation’s largest real estate firms at a price that hints at rising values for this type of residential hub.
The Novelle Senior Living apartment site was bought for $99.6 million in an all-cash deal, documents filed on Aug. 19 with the Santa Clara County Recorder’s Office show.
Welltower Inc., the world’s largest healthcare real estate investment trust, acted through an affiliate to buy the 195-unit senior living center, which is at 3355 Almaden Expressway in San Jose’s Willow Glen district…