An aerial view of American Jewish University's Sunny & Isadore Familian Campus in the Bel Air neighborhood of Los Angeles. (Photo/JTA-Courtesy AJU)
An aerial view of American Jewish University's Sunny & Isadore Familian Campus in the Bel Air neighborhood of Los Angeles. (Photo/JTA-Courtesy AJU)

$65M deal to sell American Jewish University’s LA campus collapses, throwing school’s finances into question

(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 regroup to ensure that we use our land and facilities in the best way possible,” AJU president Jeffrey Herbst said in an email to the campus community Wednesday.

Proceeds from the deal were expected to alleviate the financial pressures faced by AJU, which shut down its undergraduate program in 2018 and whose Conservative rabbinical school, like many other seminaries, has struggled to attract applicants. Under Herbst, the university dedicated itself to expanding its online educational offerings.

Asaf Elia-Shalev

JTA correspondent