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.
https://www.baltisse.com/en/real-estate
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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260911090188/en/
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