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**RPM Living Investments Acquires Heritage Plaza in San Antonio with $42M Loan from PCCP**
PCCP has provided a $42 million senior loan to RPM Living Investments for the acquisition of Heritage Plaza, a 341-unit, Class A apartment community located at 227 Dwyer Avenue in downtown San Antonio, Texas. Originally built in 2020, the property boasts modern finishes and amenities and is conveniently situated just one block from the famed San Antonio River Walk.
Heritage Plaza is a five- and six-story community that includes 307 market-rate units (90% of the total) and 34 below-market-rate units (10%). The unit mix comprises studio apartments (18%), one-bedroom units (68%), and two-bedroom units (14%), with balconies or patios available in every unit.
Residents enjoy access to an array of upscale amenities, including an expansive pool deck, outdoor kitchen with a pizza oven, rooftop terraces, resident clubhouse, and a state-of-the-art fitness center. In addition, the property features 4,600 square feet of ground-floor retail space, which includes Kafe Krave — a café that operates during the day and transforms into a cocktail bar in the evening.
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