Core Viewpoint - Gould Investors L.P. has successfully completed the sale of a property in Long Island City for approximately $101 million, resulting in significant net proceeds and capital gains, which are being reinvested into a new multifamily property in Georgia [1][2]. Group 1: Property Sale - The company sold a property located in Long Island City, New York, for a sales price of approximately $101 million [1]. - After repaying the related mortgage and covering closing costs, the sale generated net proceeds of approximately $93 million [1]. - The transaction resulted in a net accounting capital gain of approximately $90 million [1]. Group 2: Property Acquisition - On March 10, 2026, the company utilized a significant portion of the net proceeds from the sale to purchase a 310-unit garden-style multifamily property in North Forsyth, Georgia, for $85 million [2]. - The acquisition was structured to comply with the tax-deferral provisions of Section 1031 of the Internal Revenue Code [2]. Group 3: Company Overview - Gould Investors L.P. is a master limited partnership organized in Delaware, primarily owning and operating a diversified portfolio of real estate and other assets across the United States [3].