Joe Gorin, the co-head of private real estate at Goldman Sachs Asset Management Joe Gorin, co-head of private realestate at Goldman Sachs Asset Management

NEW YORK CITY—Goldman Sachs Asset Management Private Real Estate acquired a 370-unit multifamily property, Retreat at Shadow Creek Ranch. It's located at 2500 Business Center Drive in the Pearland submarket of Houston, TX. The company also acquired a 372-unit multifamily property, Bailey Farm apartments, at 1225 183rd St. SE in Bothell, WA, a suburb of Seattle.

Although further details about the deal including sellers and prices were not disclosed, according to industry sources the two deals totaled approximately $170 million. In addition, the seller of the Retreat at Shadow Creek Ranch was listed as Inland Real Estate Group according to Real Capital Analytics. The online information source had recorded a previous owner of Bailey Farm apartments was a joint venture of Kennedy Wilson, Kenedix and Capri Capital Partners, who had purchased the property from Wolff Company in February 2014 for $91.5 million.

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Betsy Kim

Betsy Kim was the bureau chief, East Coast, and New York City reporter for Real Estate Forum and GlobeSt.com. As a lawyer and journalist, Betsy has worked as the director of editorial and content for LexisNexis Lawyers.com, a TV/multi-media journalist for NBC and CBS affiliated TV stations in the Midwest, and an associate producer at Court TV.