Perry was hospitalized after suffering a stroke on Feb. 27 after paramedics were dispatched to his home in Sherman Oaks, California. A source tells PEOPLE he never regained consciousness.

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The actor remained “under observation” for five days but died on Monday, March 4.

“Actor Luke Perry, 52, passed away today after suffering a massive stroke,” read a statement from Perry’s rep. “He was surrounded by his children Jack and Sophie, fiancé Wendy Madison Bauer, ex-wife Minnie Sharp, mother Ann Bennett, step-father Steve Bennett, brother Tom Perry, sister Amy Coder, and other close family and friends. The family appreciates the outpouring of support and prayers that have been extended to Luke from around the world, and respectfully request privacy in this time of great mourning. No further details will be released at this time.”

Image zoom Luke Perry Maarten de Boer/Contour/Getty

Perry, who currently stars as Fred Andrews on the CW series Riverdale, was best known for playing Dylan McKay on the hit TV series Beverly Hills, 90210 from 1990-1995. He returned again in 1998 until 2000.

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Production on Riverdale has been temporarily suspended.

The same day that Perry was rushed to the hospital, Fox announced a reboot of the teen drama series which shot Perry to fame.

The actor’s film credits include Buffy the Vampire Slayer, 8 Seconds and The Fifth Element. He also appeared on sitcoms including Will & Grace and Spin City.

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Perry wed Rachel “Minnie” Sharp in 1993, but they split 2003. Since their divorce, the couple has shared joint custody of son Jack, 21, and 18-year-old daughter Sophie.