David M. Solomon Of Goldman Sachs Acquires Multifamily Asset In Davie For $154.5M

The multifamily property located at 3440 Southwest 76th Terrace in Davie, FL, was sold for a total transaction amount of $154,500,000. The asset comprises 397 units across an area of 688,537 square feet, resulting in a price per unit of $389,169 and a price per square foot of $224. The property is situated on a 3.07-acre site and includes the newly completed Modera Academical Village apartments, strategically located near Nova Southeastern University.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $154,500,000
• Buyer: David M. Solomon - Goldman Sachs
• Seller: William MacDonald - Mill Creek Residential
• Units: 397
• Price per Unit: $389,169
• Square Footage: 688,537
• Price per Square Foot: $224
• Acres: 3.07

David M. Solomon represented Goldman Sachs in this transaction, while William MacDonald represented Mill Creek Residential. Following the sale, Mill Creek Residential announced plans to develop an additional 396 apartments on the remaining portion of the site.