ResProp Management Expands Texas Portfolio with Eight Affordable Housing Communities Across Dallas, Houston, and San Antonio
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ResProp Management has expanded its Texas portfolio by entering into an agreement with DevCo Residential Group to manage eight affordable housing communities across the Dallas, Houston, and San Antonio metropolitan areas. The move underscores ResProp's growing focus on affordable housing management and its commitment to operational excellence in serving eligible residents.
The newly transitioned portfolio includes four communities in the Dallas area: Rosemont of Lancaster, The Mondello, Rosemont at Ash Creek, and The Positano. In Houston, ResProp now manages Brookside Gardens and Park at Humble. The San Antonio additions are Costa Almadena and Tigoni Villas. All eight properties provide affordable housing opportunities for qualified applicants and represent a significant expansion of ResProp's affordable housing platform.
“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 of Asset Management at DevCo Residential Group, echoed the sentiment. “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.”
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. 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. More information can be found at www.ResPropManagement.com.
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. Learn more at https://devcous.com/.