David M. Solomon Of Goldman Sachs Acquires 270-Unit Multifamily Property In Viera For $94M

The transaction involves a multifamily asset located at 7578 Highsmith Road in Viera, Florida, encompassing 14 acres. The property was acquired for a total sale price of $94,000,000, equating to $348,148 per unit for its 270 residential units.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $94,000,000
• Units: 270
• Price Per Unit: $348,148
• Buyer: David M. Solomon - Goldman Sachs
• Seller: Tom Cavanaugh - PAC Land Development

Goldman Sachs, represented by David M. Solomon, expands its national multifamily portfolio, which now includes 41 properties with a total of 10,783 units. The addition of this property marks Goldman’s continued investment in Florida, as it already owns two other communities in the state.