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Nevada

Capital Markets

PGIM Arranges $80M Loan for RPM, Marble JV’s acquisition of 376-unit Lyric Apartments for $103.5M ($275k/unit) from Starlight

5/7/2025

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• Subcategory: Capital Markets: Debt, MF: Market Rate

• Tag: Closing | JV-Partnership | Sale

• Additional Filters-Subcategory: Capital Markets: Debt-Loan, Capital Markets: Fund-Core Plus, MF: Garden

• Additional Filters-Tags: Sale: Investment, Sale: Single Property

• Company: PGIM Real Estate (Prudential), RPM Living, Marble Capital (MC)

PGIM Real Estate has provided a $80 million floating-rate loan for the acquisition and capital improvement of Lyric, a 376-unit multifamily property in Las Vegas, NV.

The loan was provided to RPM Living Investments and Marble Capital. The financing was provided through PGIM Real Estate’s core-plus lending strategy, managed on behalf of third-party investors. ConnectCRE reported in November of 2021 that the Lyric Apartments sold for $135.2 million to Starlight Residential with $91.4 million in financing.

Starlight Investments

Graham Holland | VP, Investments-U.S. Residential

[email protected]

PGIM Real Estate (Prudential)

Carrie Reichert | Executive Director, Debt Financing

[email protected]

PGIM Real Estate (Prudential)

Anthony Pennimpede | Executive Director, Debt Financing

[email protected]

Marble Capital (MC)

Brad Moynihan | SVP-Fund Investments

[email protected]

RPM Living

Ron Bonneau | Partner, Head of Acquisitions

[email protected]