Student Housing Portfolio in LA Sold for $62.6 Million in Largest Deal Since 2020

Key Facts

1Institutional Property Advisors brokered the sale of the 153-unit Axiom Westwood student housing portfolio for $62.6 million.

2The transaction represents the largest property sale by unit count in Westwood since 2020.

3The broker, IPA, is a division of Marcus & Millichap (NYSE: MMI).

Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE: MMI), has brokered the sale of the Axiom Westwood student housing portfolio for $62.6 million. The portfolio consists of 153 units across four buildings located adjacent to the University of California, Los Angeles (UCLA). This transaction marks the largest property sale by unit count in the Westwood area since 2020, signaling a significant milestone for the local real estate market. The deal highlights sustained institutional demand for high-quality student housing assets near major academic institutions. For Marcus & Millichap, the successful brokerage underscores their strong deal-making capabilities in the institutional sector. Investors continue to view student housing as a resilient asset class capable of delivering stable long-term returns.