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Stephen A. Schwarzman Of Blackstone Acquires Multifamily Asset In Hialeah For $115.96M

Property Image
SOLD
$115,960,000
Stephen A. Schwarzman
Bob Faith

Florida

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MultiFamily439,520 SF
Sold 04/18/2025
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Property Image
SOLD

Stephen A. Schwarzman Of Blackstone Acquires Multifamily Asset In Hialeah For $115.96M

17405 Northwest 94th Court

See Similar Deals
MultiFamily439,520 SF
Sold 04/18/2025
Stephen A. Schwarzman
Bob Faith
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$263
Total Square Footage:439,520 SF
Transaction Type:Sale

A multifamily property located at 17405 Northwest 94th Court in Hialeah has been sold for $115,960,000. This asset consists of 359 residential units and encompasses a total square footage of 439,520. The price per unit is $323,008, and the price per square foot stands at $264. The complex, known as Solea at Miami Lakes, was constructed in 2023.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $115,960,000
  • Buyer: Stephen A. Schwarzman - Blackstone
  • Seller: Bob Faith - Greystar; Harvey Schwartz - Carlyle Group
  • Units: 359
  • Square Footage: 439,520
  • Price Per Unit: $323,008
  • Price Per Square Foot: $264

The transaction involved notable figures in the real estate and investment sectors, with Stephen A. Schwarzman representing Blackstone as the buyer. The sellers include Bob Faith from Greystar and Harvey Schwartz from Carlyle Group, who collaborated in this asset disposal on behalf of their firms.

Players

Bob Faith
Greystar
Bob Faith
27 deals$2.4B volume
SELLER
Carlyle Group
Carlyle Group
SELLER

Details

SOLD
IMAGE: Harvey Schwartz, Stephen A. Schwarzman & Bob Faith DATE: 04/18/2025 ADDRESS: 17405 Northwest 94th Court MARKET: Hialeah ASSET TYPE: Multifamily BUYER: Stephen A. Schwarzman - Blackstone (@Blackstone) SELLER: Bob Faith - Greystar (@Greystarapartments) ; Harvey Schwartz - Carlyle Group (@OneCarlyle) SALE PRICE: $115,960,000 UNITS: 359 ~ PPU: $323,008 SF: 439,520 ~ PPSF: $264 NOTE: A Blackstone affiliate acquired Solea at Miami Lakes, a 359-unit apartment complex near Hialeah, for $115.96M from a Greystar-Carlyle partnership. The 439K SF property, built in 2023, traded at $323K per unit.

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