Goldman Sachs & Co. LLC Acquires Multifamily Asset From Mid-America Apartment Communities For $147 Million

The multifamily asset located at 1499 Massachusetts Avenue Northwest in Washington, D.C., consists of 269 units and was sold for a transaction amount of $147 million. The sale was financed by a $70 million loan from the New York State Teachers’ Retirement System.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $147,000,000
• Buyer: Goldman Sachs & Co. LLC
• Seller: Mid-America Apartment Communities, Inc.
• Address: 1499 Massachusetts Avenue Northwest
• Market: Washington, DC
• Loan Amount: $70,000,000
• Previous Owner: Post 1499 Massachusetts LLC, affiliate of Mid-America Apartment Communities

Goldman Sachs & Co. LLC acquired the property from Mid-America Apartment Communities, Inc. in a transaction that highlights the involvement of significant financial entities. The financing for this acquisition reflects the strategic interests of institutional investors in the multifamily housing sector.