GS · News · 20260930N

Acquisitions and Divestitures

GOLDMAN SACHS GROUP INC · 2026-09-30 · Importance 28 · Surprise 42

Cohen & Steers Income Opportunities REIT and Sterling Organization acquired Grand Canyon Crossing, a 303,000-square-foot Phoenix shopping center previously owned by Goldman Sachs Asset Management. The property is 99% occupied and anchored by a Walmart Supercenter. The transaction represents a Goldman Sachs Asset Management property divestiture, although the reported purchase price was not disclosed.

Key facts

• Sales of Elme's D.C. properties and Alexandria complex generated $103.2M and $250M respectively, allowing Elme to repay a $520M loan from Goldman Sachs. source
• Grand Canyon Crossing, a 303,000-square-foot shopping center in Phoenix, was previously owned by Goldman Sachs Asset Management and is 99 percent occupied. source