Los Angeles — Champion Real Estate Co. has purchased a student housing community located at 2353 Portland St. in Los Angeles. Century Park sold the asset for $14.1 million. Champion plans to renovate the property, which was built in 1964, and rebrand as Victory on Portland. Following renovations, the community will offer 102 student housing beds in fully furnished units. Shared amenities will include an updated swimming pool, amenity deck, student lounge and leasing office. John Taksa of RE/MAX Commercial & Investment Realty represented the buyer and seller in the transaction.
