Equity Residential’s Vista 99 on Pace to Lease All 554 Residences in 1 Year
Source: news.theregistrysf.com | Re-Post MNM Partners, LLC 9/19/2016
Having reached 86% occupancy in half the time projected, Equity Residential’s Vista 99 apartment community in North San Jose, CA has experienced a nearly unprecedented velocity of leasing since occupancy began a mere ten months ago, announced John Hyjer, First Vice President Investments for Equity Residential.
According to Hyjer, “Vista 99 is a very large, highly-amenitized apartment community with 554 residences. Even in a strong market, we anticipated it taking over two years to lease up, but in fact Vista 99 is already 86% occupied. Clearly, we are incredibly gratified to see that the design and lifestyle opportunity curated at Vista 99 has resonated with the professionals and families alike.”
Located at West Tasman and Vista Montana, residents of Vista 99 also have access to the new 5-acre Domain Park, created by Equity Residential for the entire community, as well as another 1-acre park Equity created immediately adjacent to the apartments. According to Hyjer, this access and proximity to open parks in the middle of a city has proven to be one of the key motivators to leasing.