VTA Blossom Hill Station Affordable Housing Ground Lease

Deal value: $25,000,000

Ground lease for development of 147 affordable housing units and 5,000 sq ft retail at Blossom Hill VTA light rail station.

The core investment motivation is to leverage public land at a major transit node to address the acute need for affordable housing in Silicon Valley while generating recurring revenue for VTA’s transit operations. The strategic purpose is to create a mixed-use, transit-oriented development that increases ridership, supports local economic activity, and aligns with regional housing and sustainability goals. The timing is driven by policy pressure to expand affordable housing, maximize underutilized public assets, and capitalize on strong demand for transit-adjacent living.