RPM Living Investments Acquires Multifamily Property In Houston

Houston's multifamily market saw a significant transaction recently, as a 372-unit property located at 1255 Eldridge Pkwy changed hands. The sale, which took place on August 8, 2022, involved the property known as . The asset, managed by Blackstone/Livcor and DRA Advisors, was acquired by RPM Living Investments, represented by Hank Farrell.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount:
• Number of Units: 372
• Market: Houston

Hank Farrell, from RPM Living Investments, played a crucial role as the buyer's representative in this deal. On the other side, Blackstone/Livcor and DRA Advisors were the sellers, with Brett Gottlieb involved in the negotiation process. This transaction underscores the continuous activity and economic growth in Houston's real estate market.