Property Reserve Buys Village Residences in Bay Area

Reported Sep 29, 2026 · Source: CRE News

Source: CRE NewsRead the full report at CRE News ↗

Deal details

Buyer
Property Reserve (affiliate of the Church of Jesus Christ of Latter-day Saints)
Seller
Brookfield Property Group
Price
$296.67M
Size
330 units; $898,991 per unit
Price per unit
$899,000 per unit (our calculation)
Asset class
Multifamily & Mixed-use
Transaction
Sale
Sub-market
Silicon Valley (San Jose / Milpitas / Mountain View)
Metro
San Francisco Bay Area
Reported date
Sep 29, 2026

Summary

Village Residences is a multifamily & mixed-use sale in Silicon Valley (San Jose / Milpitas / Mountain View), San Francisco Bay Area. Other details we have: buyer Property Reserve (affiliate of the Church of Jesus Christ of Latter-day Saints); seller Brookfield Property Group; price $296.67M; size 330 units; $898,991 per unit. CRE News reports: “Silicon Valley Business Journal An affiliate of Property Reserve, the real estate investment arm of the Church of Jesus Christ of Latter-day Saints, has paid $296.67 million, or $898,991/unit, for the Village Residences, a 330-unit apartment property in Mountain View, Calif. The five-story…”

Quoted from the article; the other facts come from our own deal listing.

Source: CRE News

Read the full report at CRE News. What the article says:

  • Deal / Price / Size / Buyer
    Silicon Valley Business Journal An affiliate of Property Reserve, the real estate investment arm of the Church of Jesus Christ of Latter-day Saints, has paid $296.67 million, or $898,991/unit, for the Village Residences, a 330-unit apartment property in Mountain View, Calif. The five-story community, at 545, 555 and 565 South San Antonio Road, was acquired […]

Article date: 2026-09-29T18:54:38+00:00

Quick answers

Who bought Village Residences?
Property Reserve bought Village Residences in Silicon Valley, Bay Area, according to CRE News.
How much did Village Residences sell for?
The reported price is $296.67M, per CRE News.
How big is Village Residences?
330 units; $898,991 per unit, as listed from the source.
When was this sale reported?
Reported Sep 29, 2026 by CRE News.

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Compiled from public sources; details can differ between sources. Always verify with the linked source.