New York-based investors have completed a major acquisition in Atlanta’s Buckhead area. An affiliate of Goldman Sachs purchased the 210-unit apartment complex at 92 West Paces Ferry Road for $90.8 million, according to a Fulton County deed cited by the Atlanta Business Chronicle. The seller was an affiliate of Chicago’s Mesirow. No mortgage was recorded with the sale, which suggests that the transaction was completed entirely in cash.
The price per unit—approximately $432,000—places this deal among the highest-priced multifamily transactions in metro Atlanta in recent years. The property, named 92 West Paces, is a nine-story building on 2.4 acres within Buckhead Plaza and is near Buckhead Village.
Originally built by Preserve Properties in 2012, the building contains one-, two-, and three-bedroom units. It underwent recent renovations led by Renova One, a contractor based in Minnesota, which included updates to common areas as well as lighting and finishes.
The acquisition appears to have been made through Exchange Place All Cap II REIT, an investment fund launched by Goldman Sachs that has raised at least $3.2 billion since its inception in 2024, according to filings with the Securities and Exchange Commission. A representative from Goldman Sachs declined to comment on the purchase.
Historical sales data show that the property last changed hands for $71.5 million in 2020 and $73.2 million in 2014. The current sale price reflects both post-pandemic rent increases seen across Buckhead and strong investor demand for properties located near major retail and hospitality destinations.
The building stands next to The St. Regis Atlanta hotel and close to Kolter Urban’s planned high-rise condo project at 102 West Paces Ferry Road. Other nearby landmarks include One and Two Buckhead Plaza—owned by Cousins Properties—and Chops Lobster Bar.
Development activity remains steady throughout Buckhead: construction is underway on Veridian Buckhead—a condominium tower led by Dezhu U.S.—at 119 Pharr Road; meanwhile Tidal Real Estate Partners has proposed around 400 luxury apartments at 321 Pharr Road though demolition work has not started yet.
In December, another notable multifamily deal closed when Pharr Court Condominiums—a separate property with 52 units—sold for $10.7 million to entities associated with local investor Todd Robinson.
