2298 Durant LP

Valiance Capital (the "Sponsor") controls 2298 Durant Ave, an 8,460-square-foot site located one block south of the UC Berkeley campus, directly adjacent to university residence halls, Greek life, and the vibrant Telegraph Avenue retail corridor. The property sits in one of the most sought-after student housing locations in the UC Berkeley market.

The project is designed as a Class A purpose-built student housing development comprising approximately 50,000 square feet across seven stories, with 45 units and 183 beds. The building will feature 96.2% single-occupancy bedrooms, a premium rooftop lounge, indoor amenity space, outdoor fitness facilities, study rooms, a welcoming lobby, and fully furnished units tailored to the needs of today's students.

We are now raising the second tranche of equity, providing Investor B the opportunity to invest following entitlement approval, targeted for September 2026. By entering the project after the entitlement phase is complete, Investor B avoids the project's primary entitlement risk and benefits from a significantly de-risked investment profile relative to earlier investors. Capital invested at this stage will remain in the project through vertical capitalization, construction, and lease-up, participating in the value creation generated throughout development and stabilization. An exit is currently projected for January 2030. As the project advances toward vertical development, this equity raise represents the final opportunity for Valiance investors to participate in this project.