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Berkeley, Calif. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has arranged the sale of Varsity Berkeley, a 263-bed student housing community located near the University of California, Berkeley campus. Peter Katz and Salvatore Saglimbeni of IPA represented the seller, Barings, and procured the buyer, Hawkins Way Capital, in the transaction. Tony Solomon is Marcus & Millichap’s broker of record in California. The community offers a mix of furnished and unfurnished units in studio, two- and three-bedroom configurations. Shared amenities include a rooftop terrace and sun deck, recently renovated resident lounge and a ground floor courtyard with a fire pit.