TDC Takes Plunge Into Berkeley Student Housing Portfolio

The Dinerstein Companies has acquired a six-building, 343-unit Berkeley student housing portfolio. The portfolio consists of the formerly branded Berkeleyan (1910 Oxford St.), Renaissance Villas (1627 University Ave.), ARTech (2002 Addison St.), Touriel (2004 University Ave.), Fine Arts (2110 Haste St.) and Gaia (2116 Allston Way) buildings, all of which are now part of our student housing division, Sterling Housing.

“Berkeley is a very difficult, high-barrier-to-entry market,” said Josh Vasbinder, West Coast Partner. “That combination of the student-housing supply off-campus, enrollment growth, the long-term prospects for the University and the challenges to get through the city of Berkeley with anything of significance made the market an attractive one to us. Understanding that demographic, that renter profile, the positives and negatives that go with renting to students give us an opportunity to create some efficiency from an operations standpoint.”

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