RPM Living Investments And Marble Capital Acquire 376-Unit Lyric Apartment Complex For $103.5M

The asset involved in the transaction is a multifamily property known as the Lyric apartment complex located at 304 East Silverado Ranch Boulevard, Las Vegas, NV. It consists of 376 units and was sold for $103,500,000, translating to a per unit price of $275,266.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $103,500,000
• Buyer: RPM Living Investments & Marble Capital
• Seller: Starlight U.S. Multi-Family
• Lender: PGIM Real Estate
• Units: 376
• Price Per Unit: $275,266

RPM Living Investments and Marble Capital were the buyers in this transaction, acquiring the asset from Starlight U.S. Multi-Family. The acquisition was supported by an $80 million floating-rate loan provided by PGIM Real Estate intended for both the purchase and planned renovations of the property.