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

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.