Blackstone, Inc Acquires 473-Unit Multifamily In Atlanta, GA From Goldman Sachs Asset Management For $133M

The multifamily property located at 391 17th Street Northwest in Atlanta, GA has been sold in a transaction that took place on May 4, 2023. The property, consisting of 473 units, was purchased by Blackstone, Inc. for a total sale price of $133,000,000. This equates to an average price per unit (PPU) of $281,184.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $133,000,000
• Units: 473
• Price per Unit (PPU): $281,184
• Buyer: Blackstone, Inc
• Seller: Affiliate of Goldman Sachs Asset Management

The sale was facilitated by Blackstone, Inc's representative from their agency, and the transaction involved the sale of the property from an affiliate of Goldman Sachs Asset Management. The sale of this multifamily asset in Atlanta, GA represents a significant deal in the real estate market, solidifying Blackstone, Inc's presence and investment in the region.