California CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
JLL Arranges Construction Financing for Berkeley Student Housing
JLL Capital Markets secured construction debt and equity for The Valiant, an 83-unit, 262-bed class A+ purpose-built student housing community in Berkeley. Terms weren’t disclosed.
A JLL team of director Jonah Aelyon, senior director Rick Salinas, VP Sarah Murphy and analyst Allie Repaskey worked on behalf of the sponsors, Valiance Capital and The Martin Group, in securing construction debt through Kennedy Wilson and equity through Canyon Partners Real Estate.
The Valiant, a planned student housing property at 2538 Durant Ave., will be an eight-story student housing community. It’s slated for completion before the start of the 2026-2027 academic year and will offer 80,829 square feet of space, including 54,276 square feet of residential area.
The project will be situated near diverse dining options and entertainment, according to JLL. The Berkeley Downtown BART station will be an eight-minute bike ride away, connecting students to San Francisco, Oakland and Silicon Valley.
Learn from and network with experts from ICSC, Caruso, Anderson Real Estate, Primestor, and more at this year’s Connect Retail West conference. Don’t miss out, be at the Luxe Sunset Blvd Hotel for the leading retail CRE event on Wednesday, Nov. 6! Be sure to register in advance, registration pricing increases on event day!
- ◦Development
- ◦Financing
