Summary:
- Raintree Partners sold the Axiom Westwood portfolio, comprising 153 student-focused apartments across four buildings near UCLA, for $62.6 million. Institutional Property Advisors, part of Marcus & Millichap, brokered the deal with a private investor buyer, marking Westwood’s largest unit sale since 2020.
- The portfolio, built between 1962 and 1967 and located within close proximity to UCLA and local amenities, has appreciated since its last sale in 2014 at $54.6 million. Recent capital improvements enhance shared amenities, including pools, barbecue areas, laundry facilities, and covered parking.
- Despite a slight decline in UCLA’s enrollment for fall 2025, student housing investment remains strong near top-tier universities. Ongoing development projects around UCLA and significant national transactions highlight sustained investor confidence in well-positioned student housing assets.
Original article:
https://therealdeal.com/la/2026/04/15/westwood-student-housing-portfolio-sells-for-63-million/
