BH PROPERTIES PURCHASES 60-ACRE OAKLAND HILLS CAMPUS OF HOLY NAMES UNIVERSITY

The real estate investment firm seeks to continue educational uses for the campus

Oakland, CA– Real estate investment firm BH Properties today announced that it has purchased the 60-acre campus of Holy Names University in Oakland. The sale of the recently-vacated campus and its facilities was brokered by Mike Taquino, Kyle Kovac, Joe Moriarty, and Giancarlo Sangiacomo of CBRE.

Founded by the Sisters of the Holy Names of Jesus and Mary in 1868, Holy Names University had built and occupied the site since 1957 and recently added the 450-seat Valley Center for the Performing Arts. Due to declining enrollment, HNU announced in December 2022 that it would cease operations following the 2023 school year, which ended in May.

“We are excited to announce this long-term investment in the Oakland community. This educational institution has long been a resource to the City of Oakland and the Bay Area, and we expect it to continue to be an asset to the community and its students for years to come,” said Jim Brooks, president of BH Properties.

“There are many organizations in dire need of educational space and we believe there will be significant interest in leasing this site,” added Andy Van Tuyle, BH Properties Senior Managing Director, Investments. “The history, location, and amenities provide a unique opportunity to provide facilities for the many educational institutions seeking expansion alternatives.”

"The Board of Trustees of Holy Names University is pleased to have found a buyer that values the history and heritage of HNU and looks forward to the continued positive impact this sale will have upon the City of Oakland and its surrounding communities,” said Steven Borg, Chair of the HNU Board. “In particular, it heartens us to know that the legacy created by HNU will be carried on for future generations of learning and education at the campus for students of Oakland and the East Bay. This was a priority of the Board as we embarked on the wind down of the University and sale of the property."

“The hillside campus enjoys 3-bridge bay views, extensive landscaped grounds, classrooms, labs, conference, theater, dining hall, gym, library, outdoor recreation, and other facilities that can be fully equipped for all types of educational uses. A 500-bed dorm

complex can provide on-campus student/teacher housing”, said David Klein and Jeff Moeller of Lee & Associates – San Francisco, exclusive agents for the property.

Interested parties can contact David Klein (dklein@lee-associates.com) or Jeff Moeller (jmoeller@lee-associates.com) for more information.

Founded 30 years ago, family-owned BH Properties (http://www.bhproperties.com) is a real estate company focusing on a diverse portfolio of properties. The California-based company continues to focus on unique and community-centric real estate opportunities. Today the company owns and operates nearly 10 million square feet across 16 states.

FOR IMMEDIATE RELEASE

Friday, June 9, 2023

BH Properties Media Contact: Shereda Nosakhare, Shereda@lh-pa.com