Beverly Hills company purchases another affordable apartment hub in San Jose

SAN JOSE — Beverly Hills-based Post Investment Group purchased another affordable apartment complex in San Jose in a deal that shows there is still interest in South Bay residential hubs despite uncertainties in the region’s housing sector.

Through an affiliate, the company bought the 130-unit Cherry Creek apartment complex at 2020 Southwest Expressway for just under $34.2 million, documents filed on March 3 with the Santa Clara County Recorder’s Office show.

The deal represented...