PALM BEACH, FL—Mariner's Key in Lake Park, 8-unit luxury waterfront multifamily community in Palm Beach County, FL, has a new owner. A joint venture between AIMS Real Estate, which is a business unit of Goldman Sachs Asset Management and Atlanta, and Atlanta's Carroll Organization, grabbed the trophy asset for $38 million.

ARA Florida-based principals Avery Klann and Hampton Beebe represented a New York-based institution in the transaction. ARA managing partners Marc deBaptiste and Richard Donnellan assisted in the deal.

“Mariner's Key is a one-of-a-kind community with million-dollar views and for-sale unit finishes,” says Klann. “The community is one of the few rental properties in South Florida offering unobstructed, direct views of the Intracoastal Waterway and a marina.”