12 Panoramic CIM 3Q25

Local Expertise. Niche Operator.

Since 2010, we have become one of the most established local operators in Berkeley. Our extensive local experience, combined with our full-scale, vertically integrated management platform, has provided a competitive moat that affords opportunities and leverage that aren't available to our larger, less-entrenched competitors.

Exclusive Access and First-Look on Off-Market Opportunities

Highest Rated Owner-Managed Property Management Platform

A competitive advantage to our proven process is the local expertise of our in- house management team specialized in Berkeley Student Housing. With a hands- on focus on portfolio owned assets (no 3 rd party), our team strives to build upon efficiencies and market share to improve fundamental value on our assets. As an experienced local operator of 15 years, we have built a proprietary database with submarket information that drives our competitive edge.

Our proven value-add investment process begins with first-look access to off- market opportunities to source assets. We then leverage best-in-class acquisition methods, while managing calculated risks and exploiting market inefficiencies on underperforming assets. Our local investment experience, active acquisition pipeline, and hyper-focused team enables consistent access and insights to off- market or properties.

$152M Equity Invested in Berkeley Submarket

Assets Under Management 1 21

40 Total Projects Completed

1 Focused Strategy

1,100+ Berkeley Student Housing Beds

1) Includes 2 development projects currently under construction/entitlement, 1 non-student housing property in Berkeley, and excludes 1 property managed by Valiance but not owned.

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Strictly Private and Confidential

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