Thornbridge Apartments
Location:
5210 Monterey Road
San Jose, California
Property Management:
Fairfield Properties
(714) 523-8210
Click here to visit the Fairfield website.
Project Description:
Thornbridge consists of 286 units --- 91 studios, 165 one-bedroom and 30 two-bedrooms units. All of the units are rented to families earning 60% or less area median income.
Background & Status:
Purchased in 1999 by Fairfield Residential. Project renovation was completed in 2000. In 2007, Wakeland became a partner in Watercrest Apartments. A limited partnership between Wakeland and Fairfield Residential where Wakeland is the managing general partner and Fairfield is the co-general partner was formed.
Financing Sources:
Tax-exempt bonds and tax credits.
Resident Services:
Resident Services include a Business Center with internet access and self-paced job skill training program.