Built from the ground up in 2021, the Morgan House is a four-story, all-women community residence created to cultivate a space where our student community of women can empower, collaborate, and shape their futures alongside one other.
Valiance Capital took interior design inspiration and a modern approach to literary salons, which were created in the 17th century to bring likeminded individuals together to explore intellectual topics, providing a platform that exerted influence both directly and indirectly.
Inspired by arguably the greatest female architect and engineer of her time, Julia Morgan – the name, Morgan House, pays homage to Morgan, who influenced much design and architecture around the Bay Area. After being denied admission several times due to her gender, Morgan was the only woman to graduate in the 1984 UC Berkeley engineering class. She also became the first woman ever to be accepted into the French National School of Arts. Her influence of woman empowerment through design and architecture has paved the way for many generations to come.
KEY HIGHLIGHTS
Net Investor IRR: 21.9%
Net Investor Equity Multiple: 2.38x
Hold Period: 10 Years
The Opportunity:
Student Housing around UC Berkeley is immensely supply-constrained, and the need for better quality housing is clear. Valiance was presented an opportunity to build its first-ever ground-up construction project in an irreplaceable location – just steps from Cal’s Memorial Stadium.
The Challenge:
Ground up development in the Bay Area is challenging, bureaucratic and time delays are common. For Valiance, we saw it as an opportunity to raise the bar and deliver for our team and capital partners. In order to avoid missing the end of a highly cyclical leasing season, Valiance was faced with a short timeline of (12) months from groundbreaking to student move-in.
The Execution:
Valiance deployed a $2.4 million capex budget in (12) months, self-managing the majority of direct construction labor, and pre-leasing 100% of the units while still under construction during the final (6) weeks leading up to the start of the Academic Year. Amidst the global pandemic and despite unforeseen inflationary material costs and significant time delays with City Building officials, Valiance, along with its sister property management company, The Berkeley Group, proudly delivered the project on time and on budget.
Valiance Capital is a private real estate development and investment firm specializing in student and multifamily housing.
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INVEST LIKE AN INSTITUTION
Valiance Capital
2425 Channing Way Suite B
PMB #820
Berkeley, CA 94704
investors@valiancecap.com
(510) 446-8525
©2023 Valiance Capital. All Rights Reserved.
Valiance Capital
2425 Channing Way Suite B, PMB #820
Berkeley, CA 94704
investors@valiancecap.com
Valiance Capital is a real estate development and investment management company specializing in student and multifamily properties.
Access the Highest-Quality
Real Estate Investments
Invest Like an Institution
©2023 Valiance Capital. All Rights Reserved.
Investing involves risk, including loss of principal. Past performance does not guarantee or indicate future results. Any historical returns, expected returns, or probability projections may not reflect actual future performance. While the data we use from third parties is believed to be reliable, we cannot ensure the accuracy or completeness of data provided by investors or other third parties. Neither Valiance Capital nor any of its affiliates provide tax advice and do not represent in any manner that the outcomes described herein will result in any particular tax consequence. Offers to sell, or solicitations of offers to buy, any security can only be made through official offering documents that contain important information about investment objectives, risks, fees and expenses. Prospective investors should consult with a tax or legal adviser before making any investment decision. For our current Regulation A offering(s), no sale may be made to you in this offering if the aggregate purchase price you pay is more than 10% of the greater of your annual income or net worth (excluding your primary residence, as described in Rule 501(a)(5)(i) of Regulation D). Different rules apply to accredited investors and non-natural persons. Before making any representation that your investment does not exceed applicable thresholds, we encourage you to review Rule 251(d)(2)(i)(C) of Regulation A. For general information on investing, we encourage you to refer to www.investor.gov.