PEAK CAMPUS AWARDED MANAGEMENT OF 144-BED NEW DEVELOPMENT IN BERKELEY, CALIFORNIA
Sep 23, 2019
ATLANTA, GA (September 23rd, 2019) – Peak Campus, one of the nation’s leading student housing operators and developers, announced that it has been awarded management of The Durant, a 56-unit, 144-bed new development community serving the students at the University of California – Berkeley. Having previously managed in the Berkeley market, The Durant will build upon Peak’s established reputation for customer service excellence, and will open in time for the Fall 2020 semester.
The design of The Durant expertly pairs modern design and tech-forward functionality with thoughtful finishes intended to enhance the student experience at every opportunity. Students can look forward to coming home to fully furnished studio or two-bedroom apartment homes, all of which feature stunning floor-to-ceiling windows, wood-style plank flooring, and modern kitchens with premium finishes including granite counters and stainless-steel fixtures. Ultra-fast Wifi throughout the community means students can relax and study in their apartment homes or in any of the study lounges throughout the building. The rooftop deck and outdoor lounge offer stunning views of both San Francisco and the Berkeley campus, and when it’s time to venture out students will find the city is a short bike ride away and campus is only a short walk from their front door.
“There’s no other market in the country like Berkeley and we are thrilled to be back with the addition of The Durant to the Peak Campus portfolio,” said Casey Petersen, Chief Operating Officer. “We are excited to begin leasing and marketing this community and introduce students and parents alike to what they can expect while living at The Durant – modern student living and a stand-alone resident experience.”
The Durant is being developed by The Martin Group, a real estate investment firm based in Oakland, CA.
For more information about The Durant, please visit www.livethedurant.com
ABOUT PEAK CAMPUS
Peak Campus, operating through a group of affiliated companies, is an institutional-grade property management and development company based in Atlanta, Georgia focused exclusively on the student housing industry. The companies' experienced professionals offer an unmatched ability to execute on strategies consistent with the goals and long-term investment strategies of its partners. The companies have developed over 15,000 beds of purpose-built student housing, and currently manage over 50,000 beds with a combined valuation of more than $3.0 billion for investors nationwide, making them the second largest private operator in the United States. For more information about Peak Campus and its affiliates' full array of real estate solutions, please visit www.PeakCampus.com.
ABOUT THE MARTIN GROUP
The Martin Group is a real estate investment firm with over 35 years of experience developing ground-up and value-add residential and mixed-use properties. The company delivers superior returns by focusing on urban infill housing located near durable demand drivers in supply-constrained regions of California. The Martin Group was founded in 1984 by David Martin, its current Chairman, and since then has developed more than 24 million square feet of commercial properties, including more than 20,000 residential units. For more information, please visit http://www.themartingroup.com/.