The property involved in the transaction is Studio 11024, a student housing asset located at 11024 Strathmore Dr, Los Angeles, California. It is a 160-bed property built in 2015, featuring a total of 31 units. The community is equipped with shared amenities including a fitness center, yoga studio, study center with both private and group study spaces, a community room with a kitchenette, a courtyard, a grilling station, and two rooftop decks. This property serves students attending the University of California, Los Angeles (UCLA).

Summary of transaction details:

• Property Type: Student Housing
• Transaction Amount: Undisclosed
• Address: 11024 Strathmore Dr, Los Angeles, CA
• Market: Los Angeles
• Seller's Representative: Kadie Presley Wilson, Laurie Lustig-Bower, Casey Schaefer, Jaclyn Fitts - CBRE
• Buyer: Undisclosed
• Square Footage: 0

CBRE facilitated the sale of the property representing Phoenix Property Co. in the transaction. The property was acquired by an undisclosed company based in the Los Angeles area. The individuals from CBRE involved in the deal include Jaclyn Fitts, William Vonderfecht, Casey Schaefer, Laurie Lustig-Bower, and Kadie Presley Wilson, highlighting the collaborative efforts in this transaction.