RPM Living And Baltisse Acquire 374-Unit Multifamily Community In Irving Texas For $62.3M

The property involved in the transaction is a multifamily asset known as The Louis Las Colinas, comprising 374 units. This community, completed in 2017, is located at 871 Lake Carolyn Parkway in Irving, Texas, and is strategically situated near a DART light-rail station within the Las Colinas master-planned district.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $62.3 million
• Buyer: Jason Berkowitz - RPM Living
• Buyer: Alex van Ravels - Baltisse
• Seller: Todd Bancroft - Draper and Kramer
• Lender: Walton Street Capital

This acquisition reflects RPM Living's strategy of expanding its multifamily holdings in the Las Colinas area, highlighting the company's continued presence and investment in this growing market. The deal was facilitated by both RPM Living and Baltisse, who obtained financing through Walton Street Capital to complete the transaction.