BRAD Management Acquires 11-Property SFR Portfolio In Los Angeles For $28.5M

The BRAD Management and Affiliates, in a deal facilitated by broker Davis Saadian of Davis Saadian Group - Compass, have acquired an 11-property single-family residential portfolio from 29th Street Housing. The properties are situated just one block away from the campus in Los Angeles, CA. This prime located student housing portfolio includes the following addresses: 1175 W 29th St., 2832 Menlo Ave., 1358 West 29th St., 1360 West 29th St., 1329 West 29th St., 1137 West 29th St., 1175 West 29th St., 1163 West 29th St., 1151 West 29th St., 1481-1483 West 25th St., 1179 West 29th St., and 1535 West 30th St. The portfolio spans over a total area of 20,000 square feet.

Summary of transaction details

• Property Type: Student Housing
• Transaction Amount: $28,500,000
• Price per Square Foot: $1,425
• Buyer: BRAD Management and Affiliates
• Seller: Taeko Lee

Note: Moxie Management will be responsible for the management of all assets within the BRAD Management and Affiliates' newly acquired student housing portfolio.