ResProp Management has entered into an agreement with DevCo Residential Group to assume management of eight multifamily communities across Texas, expanding its statewide presence in the Dallas, Houston, and San Antonio metropolitan areas. All eight communities provide affordable housing opportunities for eligible applicants and represent an important addition to ResProp's growing affordable housing management platform.
The newly transitioned portfolio includes Rosemont of Lancaster, The Mondello, Rosemont at Ash Creek, and The Positano in Dallas; Brookside Gardens and Park at Humble in Houston; and Costa Almadena and Tigoni Villas in San Antonio. ResProp's transition, operations, marketing, compliance, and centralized support teams are already active across all eight communities to ensure a smooth handoff for residents, clients, and onsite team members.
"This portfolio represents the kind of partnership ResProp is built to support," said Luke Leins, Senior Vice President of Business Development at ResProp Management. "Affordable housing requires more than standard property management. It takes operational discipline, compliance knowledge, resident-focused service, and dedicated internal support. Our client shares our vision for strengthening these communities, and ResProp brings the specialized teams, systems, and experience needed to help these properties perform while continuing to serve eligible residents across Texas."
Michael Snowdon, Vice President, Asset Management at DevCo Residential Group, expressed enthusiasm for the partnership: "We are excited to partner with ResProp Management on our Texas portfolio and continue providing quality affordable housing to our residents. Their expertise in affordable housing management and commitment to operational excellence align well with our mission, and we look forward to building strong communities together across Texas."
With this expansion, ResProp continues to strengthen its Texas footprint while deepening its commitment to managing affordable housing communities with care, accountability, and long-term operational focus. ResProp Management is a leading multifamily property management and investment services firm, overseeing more than 19,000 apartment homes across Florida, Texas, and South Carolina. Headquartered in Austin, TX, ResProp offers comprehensive in-house expertise in property acquisition and management, asset management, business development, financing, and construction management.
DevCo Residential Group is a real estate development and investment company focused on multifamily communities across the United States. Founded in 1994 and headquartered in Washington State, DevCo and its affiliates develop and own more than 14,000 affordable, workforce, and market-rate apartment homes, with approximately 9,000 apartment units managed internally. DevCo is recognized for delivering high-quality communities built on a foundation of integrity, long-term commitment, and collaborative teamwork.
Learn more about these properties by visiting their websites: Rosemont of Lancaster, The Mondello, Rosemont at Ash Creek, The Positano, Brookside Gardens, Park at Humble, Costa Almadena, and Tigoni Villas.
