BERKELEY, CA – Canyon Partners Real Estate, The Martin Group, and Valiance Capital announced the formation of a joint venture to develop a new Class-A student housing community near the University of California at Berkeley campus, with construction scheduled to start immediately and completion anticipated prior to the start of the 2026-2027 academic year. The joint venture simultaneously closed on a senior construction loan from Kennedy Wilson.
The Valiant will be an eight-tale, purpose-built student housing community with 83 apartment units, 262 beds, and 1,461 square feet of retail space, designed to be amongst the best in its class within the Berkeley market. The Project is optimally located on Durant Avenue between Telegraph Avenue and Bowditch Street, one block from the main entrance to UC Berkeley’s campus. It will feature numerous curated amenities including a spacious common area study lobby, fitness center, a rooftop deck lounge with panoramic views, various gathering spaces, private study lounges, high-speed Wi-Fi, and secured bike stations.
“With its prime location, sustainable design, and experienced development team, we’re pleased to announce this exciting project in partnership with Valiance Capital and look forward to partnering with Canyon and the team at Kennedy Wilson on another student housing project,” said Stephen Siri at The Martin Group. “The Valiant will provide UC Berkeley students with much-needed housing in time for the 2026 school year, and it is well-positioned to contribute to the economic growth of local retail and dining businesses alike.”
Located in the heart of the highly desirable Southside neighborhood of Berkeley, The Valiant is walking distance to a number of local restaurants, bars, and neighborhood amenities well loved among the UC Berkeley student body. The Project is also located within a 15-minute walk to the Downtown Berkeley BART station, providing connectivity to other key nodes throughout the Bay Area.
“With 15 years of local market expertise as one of the largest owner operators in the Berkeley student submarket, we are excited to build The Valiant to be the ideal student housing option in a highly specialized and high-barriers-to-entry market,” said Nhan Nguyen Leat Valiance Capital. “In partnering with a best-in-class institutional team between The Martin Group, Canyon, and Kennedy Wilson, we look forward to delivering a premier private student housing development to serve the UC Berkeley community.”
Canyon has been an active provider of debt and equity in California and continues to invest in real estate projects in primary and secondary markets across the United States. Since its inception, Canyon has invested $2.9 billion in debt and equity to capitalize $6.9 billion of total projects across all asset types in the state of California.

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VENICE, FL – National multifamily developer Wood Partners expands its presence in Florida with Altera Jacaranda, bringing the only attainable, new construction development to Venice. The multifamily apartment complex will break ground next month and is expected to deliver to the community in the second quarter of 2026.
Altera Jacaranda is a 280-unit garden-style apartment community with five, four-tale buildings featuring a mix of one-, two- and three-bedroom layouts. With proximity to large employment centers, top-tier medical facilities and world-well-known beaches, Altera Jacaranda is strategically placed along I-75 and sits just six minutes from Venice Beach. Wood Partners is also working with local officials to improve the three-way intersection of Commerce Drive and Jacaranda Boulevard to a four-way intersection to help with traffic flow.
“Altera Jacaranda’s prime location enhances the community by providing attainable living options right where residents need them most,” said Tyler Hurd, managing director at Wood Partners. “Our new development fosters economic growth and introduces a first-of-its-kind concept in the area. As one of the fastest growing areas in the country, we are committed to meeting the demand for attainable housing with quality multifamily solutions.”
Featuring Class-A amenities, Altera Jacaranda incorporates a cost-effective design targeting renters seeking new construction at a more attainable price. Residents can expect a resort-style pool with a tanning ledge, a sundeck with shade sail, grill areas, a package room, a fitness center, a resident clubhouse featuring a pool table and shuffleboard, coworking spaces, day offices, a hospitality kitchen and a dog park with an outdoor pet wash.
Wood Partners first brought its attainable Altera brand to Tampa, Florida earlier this year with Altera Land O’ Lakes. Wood Partners also broke ground in June on V by Alta, a luxury apartment community in Orlando. The 219-unit multifamily complex is Wood Partners’ fifth in the submarket and is set to be delivered in the first quarter of 2026. Additionally in June, Wood Partners broke ground on its third community in Longwood, Florida with Alta Trilogy.

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AVENTURA, FL – Cardone Capital, led by industry titan Grant Cardone, closed an all-cash deal on The Edge at Flagler Village.The Class A, luxury 331-unit multifamily property in the heart of Downtown Fort Lauderdale was bought through the firm s latest investment vehicle, Cardone Equity Fund 25.
The firm has assembled a portfolio of 2,000+ Class A multifamily units in the Downtown Fort Lauderdale submarket, bringing the company s total unit count to 14,000 apartments throughout the Sunbelt.
Grant Cardone, CEO of Cardone Capital, commented on the acquisition: “This acquisition presents a tremendous opportunity for our investors. We’ve secured a premium asset with immediate cash flow at a compelling price. With the Fed s recent rate cut, we expect to delight in significant capital appreciation on this investment.”
The acquisition highlights Cardone Capital’s ability to go quickly and decisively on opportunistic deals, even as high interest rates pushed many institutional investors to the sidelines. Cardone Capital has been one of the most active multifamily buyers in 2024, closing on $500 million in all-cash acquisitions year-to-date.
“We ve been thriving through this market cycle,” Ryan Tseko, Executive Vice President at Cardone Capital, noted. “Our all-cash strategy allows our investors to capitalize on once-in-a-generation buying opportunities. The Edge acquisition is a prime example of this, and we’re excited to share it with our investors.”

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