The asset involved in the transaction is a single-family home located at 71 Beverly Park in Beverly Hills. The property covers an area of 6.2 acres and features a spacious 30,500 square feet of living space. It was sold for $63,100,000, translating to a price per square foot of $2,069. The estate was previously owned by Mark Wahlberg and was initially listed at $68 million before the deal was finalized.

Summary of transation details:

• Property Type: Single Family
• Transaction Amount: $63,100,000
• Address: 71 Beverly Park
• Market: Beverly Hills
• Acres: 6.2
• Square Footage: 30,500
• Price per Square Foot: $2,069
• Buyer: Paris Hilton & Carter Reum
• Seller: Gu Fang & Xu Hang
• Buyer's Representative: Barron N. Hilton - Hilton Hilton
• Seller's Representatives: Ginger Glass & Alexandra Glass - Compass

Paris Hilton and Carter Reum, represented by Barron N. Hilton, have made this acquisition to complement their real estate portfolio, which includes recent purchases such as Rihanna's penthouse in Century City and a mansion in Newport Coast previously owned by the Dubrows. The property was originally bought for $55 million in 2023 before being relisted and later sold.