12 Panoramic CIM 3Q25


12 PANORAMIC
1

Confidentiality Agreement / Disclaimer
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Slide Number 3
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VALUE-ADD MULTIFAMILY STUDENT HOUSING
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Investment Summary (New Investors)
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Investment Summary (All Investors)
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Investment Opportunity
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Investment Thesis
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Market Overview
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Slide Number 10
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Slide Number 11
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Strategic Regional Location
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Supply & Demand
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UC Berkeley is a “Blue Chip Company” - a Global Brand
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UC Berkeley Plans to Expand, Enrollment to Follow
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Business Plan
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Value Add Plan: Renovate for a Modern Student Living Experience
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Existing vs Proposed Floor Plans
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Existing vs Proposed Floor Plans
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Existing vs Proposed Floor Plans
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Existing vs Proposed Floor Plans
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Slide Number 22
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Photo Gallery – Panoramic Views (Pre-Renovation)
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Photo Gallery – Unit Interiors (Pre-Renovation)
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Photo Gallery – Unit Interiors (Post-Renovation)
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Proposed Interior Design – Common Living Space
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Actual Interior Design – Common Living Space
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Proposed Interior Design - Kitchen
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Actual Interior Design - Kitchen
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Proposed Interior Design - Bedroom
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Actual Interior Design - Bedroom
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Proposed Interior Design - Bathroom
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Actual Interior Design - Bathroom
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Proposed Interior Design & Finishes
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Financial Analysis
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Unit Mix & Pro Forma Rent Roll
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Sources & Uses
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Financing & Exit Assumptions
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Pro Forma Cash Flow Statement
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Pro Forma Returns Summary
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Rent Comps
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Rent Comps | 2 Bedroom
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Rent Comps | 3 Bedroom
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Rent Comps | 4-6 Bedroom
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Sponsor
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Valiance Capital Overview
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Local Expertise. Niche Operator.
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Selected Portfolio Properties
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Representative Berkeley Experience
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Institutional Pedigree, without the Institution
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Risk Factors and Other Considerations
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Slide Number 52
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Slide Number 53
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Slide Number 54
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Slide Number 55
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Slide Number 56
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Appendix: Glossary of Key Terms
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Slide Number 58
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