Stan Kroenke Acquires Beverly Hills Penthouse From Louis Welch For $23.8M

Stan Kroenke has recently acquired a penthouse in Beverly Hills through a sale transaction. The purchase was made on October 11, 2021, and the property features a total area of 4,900 square feet. The sale price for this luxurious penthouse was $23,800,000, resulting in a price per square foot of $4,857. The asset is owned by Stan Kroenke, while the seller of the property was Louis Welch, who represents LA Fitness.

Summary of transaction details:

• Property Type: Penthouse
• Transaction Amount: $23,800,000
• Market: Beverly Hills
• Buyer: Rams - Stan Kroenke
• Seller: LA Fitness - Louis Welch

This notable sale transaction showcases Stan Kroenke's acquisition of a lavish penthouse in Beverly Hills. The transaction involved a purchase price of $23,800,000, making it a significant investment. Louis Welch, representing LA Fitness, served as the seller in this deal.