VALUE-ADD MULTIFAMILY STUDENT HOUSING
EXECUTIVE SUMMARY
Valiance Capital is presenting its 24th student housing investment offering in the Berkeley submarket with the acquisition of 12 Panoramic Way , a 1948-vintage, 13-unit student housing apartment community located two blocks away form the UC Berkeley Campus. With an unparallel location in a heavily supply- constrained market that sees very few transactions of this quality, this property presents a compelling value- add opportunity to Valiance and our capital partners. Located steps from Cal Football Stadium, 12 Panoramic shares frontage on Panoramic Way as well as Prospect St , which means this is our fourth asset on Prospect Street. The convenient pedestrian location, makes it an ideal living situation for students. Many of the units come with 180-degree sweeping views and balconies making it one of the more impressive living experiences in Berkeley and within our portfolio. This trophy asset consists of (12) twelve 1x1 units and (1) one ~1,500 sf 2x2 + Den suite. There are 8 parking spaces and a coin-operated laundry. In contract for $5,258,000, the cost basis of this property is $557 per SF. It is a great opportunity to acquire another asset on this street which offers unparalleled operational synergies. The Seller recently inherited this property from their late family member, and it has been in their family for approximately 40 years . The Seller is admittedly not an equipped manager and is motivated to let go of this generational asset.
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