Canyon Partners Real Estate, The Martin Group and Valiance Capital Form Joint Venture to Develop Class A Student Housing in Berkeley, CA

Joint venture will introduce The Valiant, a Class A student housing community near the UC Berkeley campus

BERKELEY, California., September 30, 2024 /PRNewswire/ — Canyon Partners Real Estate LLC, The Martin Group and Valiance Capital today announced the formation of a joint venture to develop a new Class A student housing community (“The Valiant” or the “Project”) near the University of California at Berkeley (“UC Berkeley”), with construction scheduled to begin immediately and completion anticipated before the start of the 2026-2027 academic year. The joint venture simultaneously closed a senior construction loan from Kennedy Wilson.

The Valiant will be an eight-story, purpose-built student housing community with 83 apartment units, 262 beds and 1,461 square feet of commercial space, designed to be among the best in its class within the berkeley market. The project is optimally located on Durant Avenue between Telegraph Avenue and Bowditch Street, one block from the main entrance to the UC Berkeley campus. It will feature numerous select amenities including a spacious common area study lobby, a fitness center, a rooftop terrace lounge with panoramic views, multiple meeting spaces, private study rooms, high-speed Wi-Fi and hotspots. safe for bicycles.

“With its prime location, sustainable design and experienced development team, we are pleased to announce this exciting project in partnership with Valiance Capital and look forward to partnering with Canyon and the Kennedy Wilson team on another student accommodation project,” he said Esteban Siri in the Martin Group. “The Valiant will provide UC Berkeley students with much-needed housing in time for the 2026 school year, and is well positioned to contribute to the economic growth of local retail and dining businesses alike.”

Located in the heart of the highly desirable Southside neighborhood of berkeleyThe Valiant is within walking distance of several restaurants, bars, and neighborhood amenities popular with the UC Berkeley student body. The Project is also located within a 15-minute walk of the downtown Berkeley BART station, providing connectivity to other key nodes throughout the Bay Area.

“With 15 years of experience in the local market as one of the largest proprietary operators in the berkeley student submarket, we are excited to build The Valiant to be the ideal student housing option in a highly specialized market with high barriers to entry,” said Nhan Nguyen Le at Valiance Capital. “By partnering with a world-class institutional team between The Martin Group, Canyon and Kennedy Wilson, we look forward to delivering a world-class private student housing development to serve the UC Berkeley community.”

Canyon has been an active provider of debt and equity in California and continues to invest in real estate projects in primary and secondary markets throughout the united states. Since its inception, Canyon has invested 2.9 billion dollars in debt and equity to capitalize 6.9 billion dollars of total projects in all types of assets in the statement of California.

About Canyon Partners Real Estate LLC
Founded in 1991, Canyon Partners Real Estate LLC (“Canyon”) is the direct real estate investment arm of Canyon Partners, LLC, a global alternative asset manager with approximately $26.1 billion in assets under management. Over the past ten years, Canyon has invested approximately 5.3 billion dollars of debt and equity capital in more than 180 transactions that capitalize approximately $21.2 billion of real estate assets, focusing on debt, value added and opportunistic strategies. With more than 30 years of experience, Canyon has established a broad menu of investment capabilities spanning property types, US regions, and project stages (including development, transition, and distress/training). For more information visit: www.canyonpartners.com.

About the Martin group
The Martin Group is a real estate investment firm that develops value-added, ground-up residential and mixed-use properties, focusing on infill housing located near durable demand drivers in supply-constrained markets. Based in Oakland, California, USAThe Martin Group has acquired and developed more than 24 million square feet and more than 20,000 residential units since its founding. For more information visit: www.themartingroup.com.

About Valiance Capital
Valiance Capital is a berkeley-US-based real estate investment firm specializing in student housing and value-added and remodeled multifamily properties. Valiance is a vertically integrated owner-operator with over 1,000 beds under management in berkeley. With a portfolio greater than $300 million in berkeleyAdded to 26 acquisitions since 2010, Valiance is one of the most active participants in the market. Valiance's in-house property management division, The Berkeley Group, is among the leading specialist student housing management firms in the market, with near-perfect 100% year-on-year occupancy over the past decade. For more information visit: www.valiancecap.com.

About Kennedy Wilson  
Kennedy Wilson is a leading real estate investment company with more than $27 billion of assets under management in high-growth markets across the united statesthe UK and Ireland. Drawing on decades of experience, our relationship-oriented team excels at identifying opportunities and creating value across market cycles, closing more than 50 billion dollars in total transactions across the real estate spectrum since going public in 2009. Kennedy Wilson owns, operates and develops real estate within our core portfolio of high-quality real estate and through our investment management platform, where we target investments capital and debt opportunists along with our partners. For more information, visit www.kennedywilson.com.

Media Contacts:

Canyon Partners
Kris Cole
Pro-Canyon@prosek.com
(310) 614 9208

Martin's group
Esteban Siri
Esteban@themartingroup.com
415-429-6044

Capital of bravery
Pepe – Sirabhop
sirabhop@valiancecap.com
510-517-8140

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SOURCE Canyon Partners LLC

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