The Dinerstein Companies (TDC), alongside Harrison Street purchased the six property Berkeley Apartment Portfolio from Equity Residential. Totaling 343 units with 27,304 square feet of retail space, The Berkeleyan, Renaissance Villas, ARTech, Touriel, Fine Arts, and Gaia will allow TDC and Harrison Street to achieve an immediate critical mass in one of the most sought-after apartment markets in the country.
All six properties were built between 1998 and 2004 and are located steps from the UC Berkeley Campus in Downtown Berkeley in the city’s technology innovation hub within proximity to BART stations as well as Downtown Oakland and San Francisco.
Since 2000, Downtown Berkeley’s residential population has doubled, and UC Berkeley’s enrollment has increased by nearly 6,000 students. Berkeley continues to be in demand for all types of renters due to its renowned culinary scene, cultural amenities, walkability, and access to public transit. With walk scores averaging ninety-six and bike scores at ninety-seven, all six properties are characterized as a walker and biker paradise.
The Berkeley Portfolio will be rebranded The Sterling Berkeley Collection and will become part of the Sterling Housing, the Dinerstein Companies’ student housing division. The Leasing Center for all buildings will be located at 1910 Oxford Street.
Further information can be found at www.
For additional information about Sterling Housing, visit www.sterlinghousing.com
About The Dinerstein Companies:
Since 1955, TDC has developed over 59,000 multifamily units and over 44,000 student housing beds nationwide. The company currently has over $2.76 Billion in Apartment Assets under Management and is the leading “green” developer in the country with $3.03 Billion in LEED product completed or under construction.
About Harrison Street:
Harrison Street is one of the leading investment management firms exclusively focused on alternative real assets. The firm has created a series of defensive, differentiated investment solutions focused on the Education, Healthcare and Storage sectors. Headquartered in Chicago with an office in London, the firm has more than 140-employees and approximately $21.5 billion in assets under management. Clients of the firm include a global institutional investor base from 11 countries. For more information, please visit www.harrisonst.com.
