Goldman Sachs-backed firm buys Florida community of single-family homes for $45 million
Hessam Nadji on apartment rental demand as housing affordability poses nationwide challenges
Marcus & Millichap CEO Hessam Nadji argues the drastic spike in housing prices is ‘not sustainable.’
An investment fund backed by Goldman Sachs has recently purchased an entire community of 87 single-family rental homes in Central Florida for just over $45.7 million, according to reports.
The Palm Bay community, known as Cypress Bay, was developed by home construction company D. R. Hornton, Inc. and completed in February, according to Benzinga.