2538 Durant Avenue

Berkeley, CA

Student Housing - Development

2538 Durant Avenue

STUDENT HOUSING - DEVELOPMENT

ACRES Capital Corp. has originated a $10.5 million loan to fund the acquisition and pre-development of proposed student housing development 2538 Durant Avenue located in Berkeley, California. The loan is provided to Valiance Capital, a locally based real estate development and investment management firm with primary focus on multi-family and student housing.

2538 Durant Ave. will feature:

Close proximity to UC Berkeley
12,792 SF eight-story complex
270 Beds across 83 units
5,000 Square feet of commercial space at the ground level

Located just one block from UC Berkeley, 2538 Durant Ave. offers easy access to the San Francisco Financial District and Oakland International Airport. In addition, it is close to BART stations in Downtown Berkeley.

Nhan Nguyen Le. Principal & Founder of Valiance Capital

Construction Loan

Loan Product

“2538 Durant is going to help transform the Berkeley city skyline and provide an incredible opportunity to address a substantial housing need for students. The ACRES team believed in our vision and provided us with a certainty of execution when it was needed the most as we navigated a shifting market. We are excited to work with ACRES on this incredibly needed housing project and proud to offer residents and students of UC Berkeley a new, high-quality housing option in an irreplaceable location.”

- Nhan Nguyen Le.

Principal & Founder of Valiance Capital

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ACRES Capital, LLC (“ACRES”) is an SEC-registered investment adviser with an office in Uniondale, New York. ACRES and its representatives are in compliance with the current registration and notice filing requirements imposed upon SEC-registered investment advisers by those states in which ACRES maintains clients. SEC registration is not an endorsement of the firm by the Commission and does not mean that the adviser has attained a specific level of skill or ability.