RPM Living is a full-service real estate company that manages, invests in, and develops multifamily properties. Its main work is to oversee apartment communities, handling daily operations, financials, and tenant services to maximize property performance. The company operates through a large team of 4,600 associates across 47 markets, applying customized, resident-focused service to more than 225,000 units. RPM uses a centralized, scalable approach to property management, development, and investment activities, coordinating regional offices to support property owners and investors. What sets RPM apart is its size, scale, and integrated platform, ranking #3 on the NMHC Top 50 Largest Apartment Manager list and offering a coordinated suite of management, development, and investment services across numerous markets. The company’s goal is to enhance clients’ investments by delivering tailored solutions and high-quality resident experiences.
Company Size
1,001-5,000
Company Stage
N/A
Total Funding
N/A
Headquarters
Austin, Texas
Founded
2002
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Baltisse, Peruna and RPM Living acquire The Louis Las Colinas, a 374-unit apartment community in Irving, Texas. * Sep 11, 2026 Baltisse and Peruna, both Belgium-based family offices, in partnership with RPM Living, announced the acquisition of a 374-unit multifamily community in Irving, Texas. Formerly known as The Crest at Las Colinas, the property has been rebranded as The Louis Las Colinas and will undergo a comprehensive capital improvement program. Located along Lake Carolyn in the heart of the Las Colinas Urban Center, The Louis Las Colinas is a five-story apartment community offering studio, one- and two-bedroom residences ranging from approximately 600 to 1,500 square feet. "The Louis Las Colinas fits squarely within Baltisse U.S. Real Estate's focus on investing in high-quality, well-located infill apartment communities at significant discounts to replacement cost," said Andrew Lohrfink, President of U.S. Real Estate for Baltisse. "We are particularly focused on opportunities in high-growth markets where strong underlying fundamentals, combined with strategic asset repositioning, provide opportunities to unlock additional value." The Louis Las Colinas is located near several of the region's major employers, including Wells Fargo, McKesson, Caterpillar and Kimberly-Clark, as well as destinations including Toyota Music Factory and the Irving Convention Center. The property is also surrounded by a growing collection of restaurants and retail options within the Las Colinas Urban Center. The property is adjacent to the Las Colinas Urban Center DART station, providing residents with direct rail access to DFW International Airport and downtown Dallas. The property's existing amenities include a resort-style pool, landscaped courtyard and Zen Garden, resident lounge, fitness center and co-working space. As part of the partners' value-add business plan, that program will include refreshed amenity spaces, exterior enhancements and upgraded apartment interiors. The improvements are intended to further differentiate The Louis Las Colinas within the Las Colinas market and enhance the resident experience. "The Louis Las Colinas represents an important step in Peruna's continued international expansion," said Eveline Vereecke, Co-CEO of Peruna. "We have strong conviction in the long-term fundamentals of the U.S. multifamily market, particularly in dynamic and growing markets such as Dallas-Fort Worth. We are pleased to invest alongside Baltisse and RPM Living, whose complementary investment and operating expertise provides a strong foundation for the long-term success of this property." "Acquiring The Louis Las Colinas reflects RPM Investments' commitment to pursuing high-quality assets across Dallas-Fort Worth," said Jose Blanc, Senior Vice President of Investments for RPM Living. "The property's transit-oriented location, proximity to major employers and position within the Las Colinas Urban Center make it a compelling opportunity to enhance an already well-located community." The transaction marks Baltisse U.S. Real Estate's second U.S. multifamily investment in recent months, following the acquisition of The Carson, a 298-unit apartment community in Charlotte's vibrant South End submarket. Both investments highlight the firm's value-add strategy of acquiring high-quality, well-located infill apartment communities at compelling prices, with opportunities to create additional value through strategic repositioning. About Baltisse: Baltisse, established in 2006 as the family office of the Balcaen family, is a global investment firm with more than 40 professionals investing across several asset classes, with a primary focus on real estate and private equity. Within real estate, Baltisse is an active investor and developer across Belgium, Luxembourg, the Netherlands, Germany, Romania, Poland and the United States. Baltisse U.S. Real Estate is expanding its U.S. investment platform with a focus on value-add multifamily and industrial investments in high-growth markets. The firm targets well-located assets where its flexible capital mandate and active ownership approach can unlock additional value for Baltisse and its partners. About Peruna: Peruna is the family office of the Clarebout family, managing and investing permanent family capital with a long-term and partnership-driven approach. The family office pursues a globally diversified investment strategy across multiple asset classes and geographies. Building on its established European investment activities, Peruna is expanding its presence in the United States and other international markets. The investment in The Louis Las Colinas reflects the family office's ambition to build long-term relationships with established partners in the U.S. market. About RPM Living: RPM Living is a full-service multifamily real estate company offering an innovative and personalized approach to real estate services, including investment, development and management. Headquartered in Austin, Texas, RPM is one of the most active multifamily investors in the United States, with an owned portfolio valued at more than $8 billion. RPM is ranked #4 on the NMHC Top 50 Largest Apartment Manager list, managing more than 241,000 units on behalf of more than 250 clients across 11 regional offices and more than 50 markets. The firm's investment platform, overseen by Hank Farrell III, leverages RPM's extensive operating expertise, proprietary market intelligence and national footprint to identify, acquire, develop and optimize multifamily investments across a range of markets and strategies. Founded by Jason Berkowitz in 2002, RPM has grown to more than 5,000 associates nationwide, providing a comprehensive, integrated approach to enhancing real estate investments through disciplined underwriting, active asset management and best-in-class operations. Media gallery
RPM Living buys Chicago apartment building for $99Mln. The Real Deal RPM Living has paid $99 million, or $443,946/unit, for One Six Six, a 223-unit apartment property in Chicago. The Austin, Texas, apartment investor purchased the property from its September 9, 2026 SL Green Realty Corp has struck a deal to sell the 223,600-square-foot office building at 110 Greene St in Manhattan's SoHo neighborhood for $226 million, or nearly $1,011/sf, to Natora Group The New York REIT put the 13-story building,... September 9, 2026 Puget Sound Business Journal Timberlane Partners has paid $37 million, or $406,593/unit, for Vista Ridge, a 91-unit apartment property in the Seattle suburb of Issaquah, Wash The Seattle investment firm acquired the property from an affiliate of... September 9, 2026 Atlanta Business Chronicle Children's Healthcare of Atlanta has paid $685 million for the three-building Peachtree Dunwoody Pavilion office complex in Atlanta's Sandy Spring area The healthcare system acquired the roughly 18-acre... September 9, 2026 The Real Deal Mann Group has paid $1225 million, or $850,694/unit, for the 144-unit Casa Hope apartment property in the Williamsburg neighborhood of Brooklyn, NY The New York real estate firm acquired the property from Clipper Equity of Brooklyn in... September 8, 2026 Tampa Bay Business Journal CenterSquare Investment Management has paid $2875 million, or $65341/sf, for the Hub at Bexley, a 44,000-square-foot retail property in Land O' Lakes, Fla, about 22 miles north of downtown Tampa, Fla The... September 8, 2026 Philadelphia Business Journal The City of Philadelphia Department of Aviation has paid $42 million, or $9524/sf, for a 441,000-square-foot office building at 8800 Tinicum Blvd in Philadelphia The government agency, which operates the city's... September 8, 2026 The Real Deal KKR Real Estate has paid $3465 million, or $544,811/unit, for Lynhaven, a 636-unit apartment property in San Jose, Calif The seller was not immediately known Lynhaven, at 919 South Winchester Blvd, was built in 2020 and has one-, two-,... September 8, 2026 A venture of Rockpoint and Newbond Holdings has paid $471 million, or $334,043/room, for the 141-room Hotel Maren Fort Lauderdale, Curio Collection by Hilton The venture bought the five-year-old property, which sits on a waterfront parcel at 525... September 4, 2026 Atlanta Business Chronicle Link Logistics has paid $4225 million, or $18327/sf, for a 230,530-square-foot industrial building at 460 Horizon Drive in Suwanee, Ga, a suburb of Atlanta The industrial investment arm of Blackstone purchased the property... Recent. September 9, 2026 * Transactions * CMBS * Exec Changes September 9, 2026
Greystar offloads Elan Yorktown apartments for $99M as adjacent mall faces foreclosure. Venture of RPM Living and New York Life still confident in market fundamentals Not long after a suburban Chicago mall makeover hit stumbling blocks, Greystar offloaded a nearby apartment complex for $99 million. Charleston, South Carolina-based Greystar sold the 295-unit Elan Yorktown in Lombard to a venture of RPM Living and New York Life in a deal that closed last week and comes out to about $335,000 per unit, records show. The venture's purchase was supported by a $63.4 million mortgage from JPMorgan, mortgage records show. Greystar developed the property between 2017 and 2018 after spending about $1.6 million on the initial land acquisition and taking out a $56.5 million loan from CIBC. It's unclear what the company's total investment in the development was but the company last refinanced the property for $68 million with Acre. Representatives of RPM did not respond to requests for comment and representatives of Greystar declined to comment. The apartment building is next to the Yorktown Center Mall which is at the center of a $200 million redevelopment effort led by Los Angeles-based Pacific Retail Capital Partners. But Pacific Retail last month defaulted on a $107 million debt package secured by the mall after failing to repay the loan at its June 2026 maturity date. The default came just after Pacific Retail completed the first phase of the $200 million redevelopment plan. That phase included the addition of a public plaza and park, along with a separate 276-apartment building known as Reserve at Yorktown developed by project partner, Synergy Construction. The shopping mall's valuation has cratered since the loan was originated in 2014. An October 2024 appraisal valued the 787,000-square-foot mall at $60.4 million. That's a 75 percent decline from its $242.7 million valuation when CCRE Lending, a venture backed by U.S. Commerce Secretary Howard Lutnick's firm Cantor Fitzgerald, first made the loan in 2014. Cash flow began to unravel following the closures of Sports Authority in 2016 and Carson's in 2018, and then had its issues exacerbated by state-ordered retail shutdowns during the pandemic in 2020. KeyBank granted multiple maturity extensions over the past eight years, including a modification in August 2025 that pushed the loan's final deadline to June 2026. Still, multifamily properties have been outperforming other types of properties surrounding the mall. Torchlight Investors' Cityview at Highlands apartment complex hit a rough patch when interest rates started to rise in 2022, but has since stabilized, MorningStar data shows. Also nearby, MorningStar notes that the Haven at Highland owned by New York-based Churchwick Partners, boasted a strong performance with 94 percent occupancy as of last year and a debt-coverage-service-ratio over 1.5, meaning that the properties' net operating income is 150 percent higher than its debt service costs. Meanwhile, an adjacent office complex faced a drop-off in demand after the pandemic. In May, Bruce Stern's Red River Asset Management and Lincoln Property Company were hit with a foreclosure lawsuit over their 174,000-square-foot office building at 701 East 22nd Street after defaulting on a $15.2 million loan. RPM and New York Life are likely playing the long game as the Chicago suburbs' multifamily market continues to take off. Total multifamily sales volume in the suburbs increased by more than 67 percent year over year in the second quarter of 2026, a recent report from local brokerage Interra Realty found. RPM has been an active buyer in and around Chicago. In March, the firm bought the 294-unit Orland Ridge build-to-rent community in Orland Park for $102 million. And in July, RPM bought the SoNo East Apartments for $125.2 million in Lincoln Park from the New Jersey-based asset-management arm of Prudential Financial.
PCCP and RPM Living Investments joint venture acquire 358-unit Texas multifamily mixed-use apartment community. August 21, 2026 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 price was not given out. Built in 2021, the property features 358 units with floorplans ranging from 576 sf to 1.6k sf and an average unit size of 807 sf. The units feature 10-foot ceilings, with select units offering 14-foot ceiling heights. The property also features climate-controlled interior carpeted corridors and includes a structured parking garage with 613 total spaces and approximately 4.9k sf of ground-floor retail 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. The property is also across the street from Texas Health Resources. Downtown Dallas, Downtown Fort Worth, and DFW International Airport are all reachable within roughly 20 minutes, reinforcing the area's strong commuter accessibility. The greater DFW Metroplex is also one of the largest and most liquid multifamily markets in the U.S., supported by a diversified employment base, strong population growth, and a sizeable renter base.
Joint venture between PCCP and RPM Living Investments acquires 358-unit apartment community in Arlington, Texas. August 19, 2026 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. 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. The property also features climate-controlled interior carpeted corridors and includes a structured parking garage with 613 total spaces and approximately 4,900 sf of ground-floor retail 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. The property is also across the street from Texas Health Resources. Downtown Dallas, Downtown Fort Worth, and DFW International Airport are all reachable within roughly 20 minutes, reinforcing the area's strong commuter accessibility. The greater DFW Metroplex is also one of the largest and most liquid multifamily markets in the U.S., supported by a diversified employment base, strong population growth, and a sizeable renter base. About PCCP: PCCP is a real estate finance and investment management firm focused on commercial real estate debt and equity investments. PCCP has approximately $29.3 billion in assets under management on behalf of institutional investors as of December 31, 2025. With offices in New York, San Francisco, Los Angeles, Atlanta, and Seoul, PCCP has a 28-year track record of providing real estate owners and investors with a broad range of funding options to meet capital requirements. PCCP underwrites the entire capital stack to exploit inefficiencies in the market and provide investors with attractive risk-adjusted returns. Since its inception in 1998, PCCP has managed, raised, or invested over $47.8 billion of capital through a series of investment vehicles including private equity funds, separate accounts, and joint ventures. PCCP continues to seek investment opportunities with experienced operators seeking fast and reliable capital. Learn more about PCCP at www.pccpllc.com. About RPM Living Investments: RPM Living Investments and its affiliates ("RPM") are a full-service, vertically integrated, multifamily management company offering management, investment, and development services with an innovative and personalized approach. Headquartered in Austin, Texas, RPM is ranked No. 4 on the NMHC 2025 Top 50 Managers list, managing more than 218,000+ units across 27 states and 50+ markets for more than 263 clients. Founded by Jason Berkowitz in 2002, the firm has grown to over 5,000 associates and 16 regional offices nationwide all of whom share the collective vision to enhance clients' investments through customized solutions and exceptional resident-centric service. Since inception, RPM's dedicated investment team of 40+ associates has participated in the acquisition of over 55,000 units and executed more than 90 full-cycle deals, while the development arm has delivered 1,600+ units and controls an additional 1,400 units in various stages of construction and planning. To learn more about RPM, visit www.rpmliving.com.