April 19, 2024 11:18 am
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Goldman Sachs drops $64.95 million for 720 apartments in three valley projects

Peoria/Glendale – A company formed by Goldman Sachs Group Inc. in New York City, N.Y. (NYSE:GS) paid $64.95 million (average of $90,208 per unit) to buy 720 apartment units in three Valley properties. The sellers in three separate transactions were companies formed by Camden Property Trust in Houston, Tex. (NYSE:CPT). The deal was negotiated through Tyler Anderson, Sean Cunningham, Asher Gunter and Matt Pesch of CBRE in Phoenix. Goldman Sachs is a Wall Street-based global investment banking, securities and investment management firm with $183 billion in assets. Including the Camden portfolio deal, Goldman Sachs now has an interest in 9 Valley apartment projects accounting for 2,295 units. Records show ERGS III Arrowhead Owner LLC (Goldman Sachs company) acquired the three apartment communities from Camden with $48.249 million in financing provided by J.P. Morgan Chase Bank. Continue reading

As reported in:

Goldman Sachs

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Rose Law Group Reporter, which provides Dealmaker’s content and service, is contracted by Rose Law Group. Rose Law Group is a full service real estate and business Law Firm practicing in the areas of land use/entitlements, real estate transactions, real estate due diligence/project management, special districts, tax law, water law, business litigation, corporate formation, intellectual property, asset protection, data breach/privacy law, ADA compliance, estate planning, family law, cyber-law, online reputation and defamation, lobbying, energy and renewable energy, tax credits/financing, employment law, Native American law, equine law, DUIs, and medical marijuana, among others. The views expressed above are not necessarily those of Rose Law Group pc or its associates and are in no way legal advice. This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.