RPM Living Acquires Aspire Lenox Park In Atlanta For $85M

Located at 1050 Lenox Park Boulevard Northeast in Atlanta, Georgia, the multifamily property known as Aspire Lenox Park was recently acquired by RPM Living from Willow Bridge Property Co. The transaction, finalized on 04/11/2024, involved 407 units with a sale price of $85,000,000, amounting to a per unit price of $208,845.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $85,000,000
• Units: 407
• Price Per Unit: $208,845
• Address: 1050 Lenox Park Boulevard Northeast
• Market: Atlanta, GA

RPM Living, under the umbrella of RPM Investments, made the strategic purchase of Aspire Lenox Park as part of their growth strategy. The 407-unit property, located in the sought-after area of Brookhaven, Georgia, presents significant potential for operational enhancements and value creation in a prime location near Atlanta's bustling Lenox Square Mall.