October 14, 2019
Houston-based The Dinerstein Companies (TDC), alongside Chicago-based 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 (pictured), and Gaia will allow the new owners 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.
The Berkeley Portfolio will be rebranded The Sterling Berkeley Collection and will become part of the Sterling Housing, TDC’s student housing division. The leasing center for all buildings will be located at 1910 Oxford St.
Eastdil Secured’s Joseph Smolen brokered the deal.
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