PCCP, RPM Pick Up 358-Unit Arlington Multifamily Community
A joint venture between PCCP and RPM Living Investments has acquired Truman at Arlington Commons, a four-story multifamily community located at 505 E Lamar Boulevard in Arlington, TX. The property was developed and owned by The Nehemiah Company.
Built in 2021, the property features 358 units with an average size of 807 square feet (sf), across floorplans ranging from 576 to 1,594 sf. The units feature 10-foot ceilings, with select units offering 14-foot ceiling heights. 4,900 square feet of ground-floor retail is occupied by Nehemiah Coffee Company.
Truman at Arlington Commons is located in North Arlington, a centrally positioned pocket between Dallas and Fort Worth with direct access to Interstate 30. The location provides connectivity to Arlington’s primary employment and entertainment districts, including AT&T Stadium, Globe Life Field, and Texas Live!, which together attract more than 50 million visitors annually.
PCCP has approximately $29.3 billion in assets under management on behalf of institutional investors .
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Brokers
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Remax Real Estate Professionals
Re/Max Real Estate Professionals
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Greg Corbin
Northgate Real Estate Group
Lenders
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout