SAN JOSE — In one of the South Bay’s biggest apartment deals so far this year, Park Kiley, a 948-unit multifamily property, was sold for $370 million, according to documents filed on Aug. 27 with the Santa Clara County Recorder’s Office.

Standard Communities, a real estate firm; Housing on Merit, a nonprofit; and Vistria Real Estate, an investment company, teamed up to buy the complex at 355 Kiely Rd. in San Jose, county and state public documents show.

Measured by dollar amount, this deal appears to be the largest apartment purchase in Santa Clara County so far in 2025, according to this news organization’s review of a database of real estate transactions and its own published reports.

The largest prior apartment complex deal in the county was in April when Rockpoint Group paid $207.2

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