WEA News

WEA in the News: Tom Cruise completes his mission to sell in Beverly Hills

Tom Cruise has a reputation for over-the-top stunts and high-octane action, but his recent home sale can best be described as under-the-radar. The box-office star sold his home in Beverly Hills for $38 million, property records show.

The acre-plus estate quietly came up for sale last year with a whisper price of $50 million. Cruise bought the property in 2007 for $30.5 million in another deal finalized outside the Multiple Listing Service.

The buyers were Leon Black and his wife, Debra, who made the purchase through a limited liability company. Black co-founded the private equity firm Apollo Global Management in 1990 and has an estimated net worth of $4.7 billion.

While details are scarce, tax records show that the hedged and gated estate centers on a main house of more than 10,000 square feet. Seven bedrooms and nine full bathrooms are among 35 total rooms.

A swimming pool, a tennis/basketball court, two detached structures, lawns and formal landscaping make up the grounds. A large motor court sits off the entrance to the home.

Sharyn Gertz of the Agency and Fred Bernstein of Westside Estate Agency represented the buyers.

Cruise, 53, received Oscar nominations for “Magnolia” (1999), “Jerry Maguire” (1996) and “Born on the Fourth of July” (1989). He is set to reprise his role as Jack Reacher in the action film “Jack Reacher: Never Go Back,” due out later this year.

The sale is among a number or recent moves made by the “Mission: Impossible” franchise star to pare down his real estate portfolio.

Last year, Cruise divested himself of a gated compound in Hollywood Hills West for $11.4 million. His 298-acre retreat in Telluride, Colo., was also put up for sale last year and is currently listed for $59 million.

Click here to read the full article on latimes.com.