The asset involved in this transaction is a school property located at 3077 University Avenue, Los Angeles. The sale was completed for a total price of $34,600,000. The building encompasses a total square footage of 50,000, resulting in a price per square foot of $692.

Summary of transaction details:

• Property Type: School
• Transaction Amount: $34,600,000
• Square Footage: 50,000
• Price per Square Foot: $692
• Buyer: Brian K. Wilson - University of Southern California (USC)
• Seller: Andrew Rehfeld - Hebrew Union College — Jewish Institute of Religion (HUC)

Andrew Rehfeld, representing Hebrew Union College — Jewish Institute of Religion, engaged in the sale transaction while retaining 30,000 square feet of the property for future renovations led by BA Collective. Additionally, this sale follows HUC’s prior sale of its NYC campus for $75.5 million to NYU, along with its acquisition of the First Battery Armory for $32 million for relocation purposes by 2027.