JLL Capital Markets announced that it has secured construction debt and equity for The Valiant, an 83-unit, 262-bed class A+ purpose-built student housing community in Berkeley, California.
JLL 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 Avenue, will offer an ideal location for university life, just one block from UC Berkeley. It will be situated near diverse dining options and entertainment, providing excellent transportation access. The Berkeley Downtown BART station will be just an eight-minute bike ride away, connecting students to San Francisco, Oakland and Silicon Valley. With nearby transit stations, parking garages and easy highway access, The Valiant will ensure students can effortlessly explore the Bay Area while enjoying the vibrant Berkeley community.
UC Berkeley, consistently ranked as the #1 public university worldwide by U.S. News & World Report and Forbes, attracts students with its academic excellence, competitive programs, strong Bay Area job market connections and reputation for producing successful company founders. The university’s projected 20% enrollment increase from 2021 to 2036 is intensifying demand for convenient, near-campus housing options in an already robust residential market, underscoring the need for developments like The Valiant.
Designed to enhance student life, the building will feature numerous curated amenities including a spacious common area study lobby, fitness center, a rooftop deck lounge with panoramic views, various gathering spaces, private study lounges, high-speed Wi-Fi and secured bike stations. The Valiant’s controlled access and keyless entry systems will provide a secure, cutting-edge living experience for UC Berkeley students.
JLL Capital Market’s Debt Advisory team was led by Director Jonah Aelyon, Senior Director Rick Salinas, Vice President Sarah Murphy and Analyst Allie Repaskey.
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.
