Case Study - $47 Million Sale of a Historic 15‑Acre Campus
KAM marketed and brokered the 2018 sale of WCIU’s 15-acre Pasadena campus, guiding the transition to Education First for reuse as an international high school.
- Client
- William Carey International University
- Year
- Service
- Brokerage
Overview
As WCIU transitioned toward online education, KAM was retained to advise and execute the sale of their expansive Pasadena campus.
The 15-acre site included academic buildings, dormitories, and community spaces. KAM led a nationwide marketing effort, targeting educational operators and institutional buyers. After securing Education First, KAM structured a long-term escrow to support the buyer’s entitlement process and adaptive reuse goals.
Today, the site is home to over 600 international students—preserving historic architecture while delivering modern educational value.
What we did
- Institutional brokerage
- Campus disposition
- Long-term escrow
- Adaptive reuse
Keith and his team walked us through an extremely complicated process of sale for our 15+ acre campus.
It is easy to say without Keith’s countess hours, attention to detail and expertise that we would not have completed the sale and could have faced complications from breech of agreement. Keith is personable, knowledgable and fun to work with. He is extremely dedicated to serving his clients. A by product of our contractual relationship was the development of a life long friendship. That friendship goes beyond our Real Estate deal. If I were ever faced with liquidating a large Real Estate holding again, my first call would be to Keith. I highly recommend him as a qualified agent who works from integrity and experience.
COO/CFO of Frontier Ventures
- Sale price
- $47M
- Campus size
- 15 acres
- Buildings included
- 12+
- Students now on campus
- 600+