$65M deal to sell American Jewish University's LA campus collapses, throwing school's finances into question
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June 23, 2023
An aerial view of American Jewish University's Sunny & Isadore Familian Campus in the Bel Air neighborhood of Los Angeles.
(JTA) – The financial future of American Jewish University is in flux again after a plan to raise a reported $65 million by selling its 22-acre campus in Los Angeles to a Swiss education company fell through.
Nine months after the university announced a deal had been reached to sell the property, the prospective buyer, EF Education First, said it was pulling out and abandoning its plans to establish a language school for international students at the site because of the opposition of residents in the highly affluent neighboring community.
"This is obviously a disappointment, but we will r...
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