A joint venture between PCCP and RPM Living Investments has acquired Truman at Arlington Commons, a four-story multifamily community in Arlington, TX. The property is located at 505 E Lamar Boulevard and was developed and owned by The Nehemiah Company prior to the transaction. The acquisition adds a recently built asset to the joint venture’s multifamily portfolio and continues investment momentum in the North Arlington area.
Delivered in 2021, Truman at Arlington Commons comprises 358 residential units arranged across a range of floorplans. Average unit size is 807 square feet, with layouts spanning from 576 square feet on the smaller end to 1,594 square feet for the largest residences. Standard ceiling heights are 10 feet, while select units feature 14-foot ceiling heights, positioning the community as a modern, higher-ceiling product within its competitive set.
In addition to its residential offering, the community includes a retail component on the ground floor. Approximately 4,900 square feet of space is devoted to retail use and is occupied by Nehemiah Coffee Company. This on-site retail presence provides an activated street-level environment and offers residents immediate access to a neighborhood coffee option within the property.
Truman at Arlington Commons is situated in North Arlington, described as a centrally located pocket between Dallas and Fort Worth with direct access to Interstate 30. This location links the community to key employment centers across the metro area while also providing convenient regional connectivity. Access to I-30 positions the asset for commuter demand from both directions within the greater Dallas-Fort Worth region.
The property benefits from proximity to Arlington’s primary employment and entertainment districts, including AT&T Stadium, Globe Life Field, and Texas Live!. According to the source, these venues collectively attract more than 50 million visitors per year. This concentration of large-scale sports and entertainment destinations supports local economic activity and underpins the appeal of nearby multifamily housing such as Truman at Arlington Commons.
PCCP is highlighted in the transaction as a capital partner with significant scale. The firm reports approximately $29.3 billion in assets under management on behalf of institutional investors. That capital base, combined with RPM Living Investments’ multifamily focus, frames the acquisition as an institutional investment in a newly built, mixed-use multifamily property in a well-connected submarket of Arlington.
