$62 Million Student Housing Portfolio Sale in Los Angeles Brokered by Institutional Property Advisors
Marcus & Millichap, Inc. (MMI)
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Source: Business Wire
LOS ANGELES--(BUSINESS WIRE)--Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE:MMI) dedicated to serving the company’s institutional clients, announced today the sale of Axiom Westwood, a four-building, 153-unit student housing portfolio adjacent to the University of California, Los Angeles (UCLA) in the city’s Westwood neighborhood. The transaction is the largest property by unit count to sell in Westwood since 2020. The portfolio sold for $62.6 million.“Built between 1962 and 1967, the previous ownership invested significant capital from 2015 onward to transform Axiom Westwood into a turnkey asset,” said Kevin Green, IPA executive managing director investments. “The buyer has the opportunity to focus on high return-on-investment strategic enhancements and operational improvements that can capture unrealized income.”Green, Joseph Grabiec, and Gregory Harris of IPA represented the seller, Raintree Partners, and procured the buyer, a private multifamily
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MMI
Sec Filings
- 4/17/26 - Form SCHEDULE
- 3/27/26 - Form SCHEDULE
- 3/18/26 - Form ARS
- MMI's page on the SEC website