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.
