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RPM Living Acquires Mustang Station Multifamily In Farmers Branch

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SOLD

Texas

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MultiFamily
Sold 09/25/2023
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Property Image
SOLD

RPM Living Acquires Mustang Station Multifamily In Farmers Branch

2500 Pepperwood Street

See Similar Deals
MultiFamily
Sold 09/25/2023
the dealplayerscompscontact
Contact now

Summary

TEXAS
Asset Type:MultiFamily
Transaction Type:Sale

RPM Living has acquired Mustang Station, a transit-oriented development in Farmers Branch. The property is located at 2500 Pepperwood Street and is adjacent to DART's Farmers Branch rail station. With over 440 apartments, the multifamily asset was developed by Western Securities and is over 95% leased. This acquisition expands RPM Living's existing portfolio of apartment properties in Dallas.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: Not specified
  • Address: 2500 Pepperwood Street
  • Market: Farmers Branch

RPM Living, represented by Jason Berkowitz, purchased Mustang Station from Western Securities, represented by Ryan O'Connor. The acquisition allows RPM Living to strengthen its presence in the Dallas rental market, adding a well-located property with high occupancy. This transaction marks another successful deal for both RPM Living and Western Securities.

Players

Jason Berkowitz
RPM Living Investments
Jason Berkowitz
4 deals$253M volume
BUYER

Details

SOLD
IMAGE: Jason Berkowitz DATE: 09/25/2023 ADDRESS: 2500 Pepperwood Street MARKET: Farmers Branch ASSET TYPE: Multifamily BUYER: RPM Living (@rpmliving) - Jason Berkowitz SELLER: Western Securities - Ryan O'Connor NOTE: RPM Living has acquired Mustang Station, a transit-oriented development in Farmers Branch with over 440 apartments adjacent to DART's Farmers Branch rail station. The property, developed by Western Securities and over 95% leased, expands RPM Living's existing portfolio of apartment properties in Dallas.

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