Premier Berkeley student housing refinance secured

SAN FRANCISCO, Jan. 29, 2026 –  JLL Capital Markets announced today that it has arranged refinancing for IDENTITY Logan Park, a two-phase, premier student housing community totaling 720 beds serving University of California, Berkeley students.

JLL represented the borrower, Article Student Living, an operating platform of QuadReal Property Group, in securing financing with funds managed by Oaktree Capital Management, L.P. (“Oaktree”).

IDENTITY Logan Park I and II are located at 2050 Durant Ave. and 2370 Durant Ave., just 0.4 miles from UC Berkeley's campus in downtown Berkeley. The properties offer direct access to campus resources and downtown Berkeley amenities, with BART providing 25-minute rides to San Francisco and convenient connections to major Bay Area Fortune 500 employers.

Berkeley hosts UC Berkeley, the No. 2 ranked public university in the nation with 46,403 students. The downtown Berkeley area features an educated population with 80.5% holding college degrees and has experienced steady growth, creating a dynamic environment supporting both academic and urban living.

IDENTITY Logan Park features two contemporary buildings completed in 2022 and 2023, totaling 720 beds across 204 units. The properties offer studios and one-, two- and three-bedroom apartments with premium finishes, including stainless steel appliances, in-unit washers and dryers and smart TVs. Community amenities include a 24-hour fitness center, rooftop sky lounge, study spaces and the market's first dedicated campus shuttle service for residents.

Katy Mao, Managing Director for Oaktree’s Real Estate Debt strategy, commented, “We are pleased to continue growing our relationship with JLL and Article Student Living by providing financing for this premier asset located in such a supply constrained, high-barrier-to-entry market.”

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The group’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients, including investment sales and advisory, debt advisory, M&A and corporate finance, loan sales, equity & fund placement, net lease, derivative advisory and energy & infrastructure advisory. JLL Capital Markets has more than 3,000 specialists worldwide with offices in nearly 50 countries.

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Jones Lang LaSalle Americas, Inc. ("JLL") is a real estate broker licensed with the California Department of Real Estate, license #01223413.

For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500 company with annual revenue of $23.4 billion and operations in over 80 countries around the world, our more than 113,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAY^SM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com. 

Article Student Living is a Chicago-based, vertically integrated real estate investment company specializing in acquiring, developing, and operating Class A, purpose-built student housing assets across top-tier university markets in the U.S. Article currently manages [47] assets comprising [over 22,000] beds. The firm is wholly owned by QuadReal Property Group. www.articlestudentliving.com

Oaktree is a leader among global investment managers specializing in alternative investments, with $218 billion in assets under management as of September 30, 2025. The firm emphasizes an opportunistic, value-oriented and risk-controlled approach to investments in credit, equity and real estate. Oaktree has more than 1,400 employees and offices in 26 cities worldwide.