Institutional Property Advisors Exclusively Offers UC Berkeley Student Housing Asset for Sale
July 31, 2026
BERKELEY, Calif., July 31, 2026 – Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE: MMI) dedicated to serving the company’s institutional clients, announced today the exclusive offering for sale of Panoramic Northside, a 72-unit, 188-bed, purpose-built student housing property serving the over 46,600 students attending the University of California, Berkeley.
“Panoramic Northside provides a high-quality, pedestrian-to-campus purpose-built student housing property in one of the nation’s most academically prestigious flagship universities,” said Peter Katz, IPA executive managing director investments. “Delivered for the 2026-2027 academic year and already 89% preleased, the property’s newly constructed systems minimize near-term capital needs and operational risk for the next owner.” Katz and Sal Saglimbeni, IPA executive managing director investments, in association with Tony Solomon, Marcus & Millichap’s broker of record in California are representing the seller, Panoramic Interests. “With UC Berkeley's multi-billion-dollar ‘Building Our Future’ program bringing major new facilities, including the Bakar Gateway and the Innovative Genomics Institute, within a half mile of Panoramic Northside, we expect foot traffic and student housing demand in the Northside submarket to materially increase,” said Saglimbeni.
The property is on Shattuck Avenue, a short walk from campus, Downtown Berkeley, the Berkeley Bay Area Rapid Transit station, dining, retail, and cultural amenities. The UC Berkeley Student Union, Moffitt Library, and the new Barbara and Gerson Bakar Gateway building, which houses the College of Computing, Data Science, and Society are close by.
Panoramic Northside provides residents with a lobby lounge and co-working space, a laundry room on every floor, and Gig-speed internet. The property features a rooftop deck with views of San Francisco Bay, a rooftop garden, a resident lounge, and bike and scooter storage. Units have fully furnished private bedrooms and living areas, private rooms with individual locking doors, high ceilings with operable, oversized windows and strong natural light. The hard-surface, low-allergen, smoke-free interiors are soundproofed for quieter living. Kitchens have stainless-steel appliances, garbage disposals, air-fryer convection microwaves, and compact cooktop setups.
“Panoramic Northside provides a high-quality, pedestrian-to-campus purpose-built student housing property in one of the nation’s most academically prestigious flagship universities,” said Peter Katz, IPA executive managing director investments. “Delivered for the 2026-2027 academic year and already 89% preleased, the property’s newly constructed systems minimize near-term capital needs and operational risk for the next owner.” Katz and Sal Saglimbeni, IPA executive managing director investments, in association with Tony Solomon, Marcus & Millichap’s broker of record in California are representing the seller, Panoramic Interests. “With UC Berkeley's multi-billion-dollar ‘Building Our Future’ program bringing major new facilities, including the Bakar Gateway and the Innovative Genomics Institute, within a half mile of Panoramic Northside, we expect foot traffic and student housing demand in the Northside submarket to materially increase,” said Saglimbeni.
The property is on Shattuck Avenue, a short walk from campus, Downtown Berkeley, the Berkeley Bay Area Rapid Transit station, dining, retail, and cultural amenities. The UC Berkeley Student Union, Moffitt Library, and the new Barbara and Gerson Bakar Gateway building, which houses the College of Computing, Data Science, and Society are close by.
Panoramic Northside provides residents with a lobby lounge and co-working space, a laundry room on every floor, and Gig-speed internet. The property features a rooftop deck with views of San Francisco Bay, a rooftop garden, a resident lounge, and bike and scooter storage. Units have fully furnished private bedrooms and living areas, private rooms with individual locking doors, high ceilings with operable, oversized windows and strong natural light. The hard-surface, low-allergen, smoke-free interiors are soundproofed for quieter living. Kitchens have stainless-steel appliances, garbage disposals, air-fryer convection microwaves, and compact cooktop setups.
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About Institutional Property Advisors (IPA)
Institutional Property Advisors (IPA) is a division of Marcus & Millichap (NYSE: MMI), a leading commercial real estate services firm in North America. IPA’s combination of real estate investment and capital markets expertise, industry-leading technology, and acclaimed research offer customized solutions for the acquisition, disposition and financing of institutional properties and portfolios. For more information, please visit www.institutionalpropertyadvisors.com.