Federal Realty Unlocks Value, Sells Levare Apartments at Santana Row

Federal Realty Investment Trust (FRT) has announced the sale of Levare, a 108-unit residential building within Santana Row, San Jose, CA, for $74 million to unlock value and deploy capital in long-term accretive investments.Delivered in 2011, Levare, a high-quality multifamily asset, has played a significant role in the evolution of Santana Row. The property was 95% leased at the time of sale.Spanning 2.5 million square feet across retail, office, residential and hotel uses in San Jose, CA, Santana Row is a ...