Goldman Sachs Acquires 258-Unit Broadstone Seventh Street Multifamily In Phoenix For $81.4M

The property asset involved in this transaction is a newly built multi-family apartment community located at 5727 North 7th Street in Phoenix, AZ. Goldman Sachs acquired this asset, known as Broadstone Seventh Street, for a total price of $81,400,000. The community consists of 258 units, yielding a price per unit of $315,406. The five-story property was developed by Alliance Residential and opened in 2025, and it is currently managed by Greystar.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $81,400,000
• Buyer: Goldman Sachs
• Seller: V. Jay Hiemenz - Alliance Residential Company
• Units: 258
• Price Per Unit: $315,406

The deal was facilitated with an all-cash transaction, emphasizing the financial strength of Goldman Sachs in the acquisition of residential real estate. V. Jay Hiemenz, representing Alliance Residential Company, was involved in the sale of the asset, marking a significant transaction in the Phoenix apartment market.