UC Investments Buys NDNU & Water Dog Lake in Belmont: Strategic Bay Area Expansion
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| NDNU Campus in Belmont purchased by UC Investments |
$TBD
Purchase Price
(Undisclosed amount)
40+
Acres Acquired
2025
Closing Year
UC Investments, the investment arm of the University of California system, has made a strategic acquisition of the Notre Dame de Namur University (NDNU) campus and adjacent Water Dog Lake property in Belmont, California. This move significantly expands UC's presence in the San Francisco Bay Area.
Transaction Details
Property Acquired
50-acre NDNU campus + 23-acre Water Dog Lake parcel
Financial Terms
Purchase price undisclosed; expected to close Q4 2025
Seller Background
NDNU closed operations in 2023 after 172 years
Strategic Importance
Bay Area Expansion
Gives UC Investments a premium foothold between San Francisco and Silicon Valley
Educational Potential
Could become extension campus for UC system or research facility
Water Resources
Water Dog Lake provides valuable water rights and ecological asset
Property Features
NDNU Campus
- 50 acres in prime Belmont location
- Historic Ralston Hall mansion (1864)
- Classroom buildings, dormitories, athletic facilities
- 1.5 miles from Caltrain station
Water Dog Lake
- 23-acre natural freshwater lake
- Wildlife habitat and recreation potential
- Water rights included in purchase
- Adjacent to hiking trails
Community Impact
Positive Effects
- Preservation of historic campus
- Continued educational use
- Protected open space
Community Concerns
- Future development plans
- Traffic and parking
- Public access to lake
UC Investments Portfolio Context
$152B
Total Assets Under Management
5
Major CA Real Estate Holdings
3
Educational Facilities Acquired Since 2020
"This acquisition represents a strategic play by UC Investments to secure premium Bay Area real estate at a time when educational properties are becoming available. The Water Dog Lake addition provides unique value beyond the campus itself."
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