Sterling Fifth at UC Davis
University of California – Davis, California | 4 Stories | 160 Units
Funding date:
June 2017
Construction start:
December 2017
Construction completion:
September 2020
Leasing completion:
This varies for each school year
Asset sale date:
Operational
Sterling Fifth at UC Davis is a four story off campus luxury student housing development with 160 units. The development is located 1.3 miles from U.C. Davis, the third largest university in the University of California system. Developed by The Dinerstein Companies, the project is the first off-campus housing development built in the last 15 years.
California’s strict entitlement guidelines cause a high barrier to entry for competitive developments. Two years of Covid-19 disrupted the leasing process. However, the 2022-2023 and 2023-2024 lease up were close to 100%. The development is still operational.