Raintree Partners trades student housing near UCLA for $63M
Raintree Partners has sold a portfolio of Westwood apartments catering to student tenants for $62.6 million. The portfolio, called Axiom Westwood, has four buildings and 153 units near the UCLA campus, Multi-Housing News reported. Institutional Property Advisors, a unit of Marcus & Millichap in Calabasas, brokered the deal and secured a private investor as the buyer. The transaction marks Westwood’s largest sale by unit count since 2020, underscoring renewed investor interest in student housing near major universities. The assets last traded for $54.6 million in 2014, reflecting appreciation over the past decade. Located at 415 Gayley Avenue, 411 Kelton Avenue, […]This article originally appeared on The Real Deal. Click here to read the full story.
Categories
Recent Posts
Bar Shrimp uses laser-etched acoustic panels to balance music and conversation
Sylmar single-family lot joins string of properties targeted for small-lot homes
Original Farmers Market owner buys remains of historic Fairfax Theatre at 83% discount
The American Table-Setting Rules You Might Not Know
The Massive L.A. Home Sharon Osbourne Once Shared with Ozzy Just Got a $1 Million Price Cut
47 Amazon Stocking Stuffers That Will Impress Even The Pickiest People
This Wallpaper Turns Any Room Into a Jungle Fantasy
All of the Duke and Duchess of Kent’s Royal Homes
Disney drops $115M on Yamaha HQ near Anaheim
Catch This $875K Butterfly-Roofed Arizona Cabin Before It Flies Off the Market
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
26895 Aliso Creek Rd, B-603, Aliso Viejo, California 92656, USA