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Investor scoops up apartment building near UC Berkeley as Bay Area rents climb

Riaz Capital invests in ‘urban workforce housing’ for middle-income professionals
The Dwight, a six-story, 99-unit apartment building in Berkeley, sold to Oakland-based multifamily investment firm Riaz Capital for nearly $38 million. (CoStar)
The Dwight, a six-story, 99-unit apartment building in Berkeley, sold to Oakland-based multifamily investment firm Riaz Capital for nearly $38 million. (CoStar)
CoStar News
September 11, 2025 | 11:03 P.M.

A 99-unit apartment building in downtown Berkeley that’s about half a mile from the University of California campus has sold to a local real estate firm.

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