Lee Soo Man buys a mansion in Los Angeles

It was revealed that SM Entertainment founder and chairman Lee Soo Man bought a house in Los Angeles, California back in May.
According to a recent report, back on May 19th, Lee Soo Man purchased the LA mansion in Studio City for $2,800,000 in cash.
According to the real estate agency listing, the mansion was built in 1976. The mansion lies on a 29,900 sq ft lot and the house itself is 4,366 sq ft containing 4 bedrooms and 5 bathrooms.
A media representative stated, “For his children that have been studying in private schools in the Beverly Hills area, Lee Soo Man and his wife have been living in a luxury condominium and were actively looking to settle in LA”.
Upon hearing this news, Netizens and news reporters have been wondering if the house also signifies a possible base for SM artists to debut in America.