Author: Suzanne Koch

RPM Living Appoints Longstanding Outside Counsel Kasi Moeskau as Chief Legal Officer

RPM Living announces the appointment of Kasi Moeskau as Chief Legal Officer for RPM Living, its subsidiaries, and affiliates. Moeskau has served as outside counsel for both RPM Living and F&B Capital for nearly 15 years, representing the latter on over 100 transactions with an aggregate value in excess of $1.5 billion. As Chief Legal Officer, Moeskau will provide legal and strategic guidance for RPM’s nationally recognized management platform and continue assisting with its investment endeavors. 

With over 20 years’ experience practicing law, Moeskau most recently was a shareholder at esteemed Austin firm Sneed, Vine & Perry, P.C., and a member of its Legal Opinion Committee. Her experience includes the representation of a wide variety of investors and other owners and operators of commercial real estate assets in the acquisition and disposition of real property, financing transactions, and organization and negotiation of joint ventures. Moeskau also routinely advised clients in a wide range of operational and corporate compliance matters. She graduated summa cum laude from Texas Tech University with a bachelor’s in Political Science and earned her J.D. from The University of Texas School of Law. Moeskau has been a member of the State Bar of Texas since 2002.  

“Kasi has been instrumental in many of our past transactions, and we are thrilled to strengthen our team by welcoming her to the RPM family. With two decades of experience, Kasi brings the expertise and knowledge needed as RPM accelerates its growth nationwide and executes its long-term objectives.” says Jason Berkowitz, CEO and Founder of RPM Living.  

Over the past few years, RPM has achieved exponential growth despite the industry’s uncertain landscape due to the global pandemic. In 2020, the Austin-based firm debuted on the NMHC Top 50 Managers list at No. 42 before making the biggest jump of the year and soaring to No. 11. Continuing its strategic national expansion, RPM experienced its largest year of growth in 2021, adding more than 47,000 units to its portfolio. Currently, RPM manages a diverse portfolio of 112,000 units across 35 markets and employs over 2,400 associates nationwide. 

Five RPM Communities Awarded Apartment Ratings' Top Rated for 2021

We are thrilled to share that multiple RPM communities have been awarded Apartment Ratings’ Top Rated for 2021. The annual awards recognize properties with outstanding resident satisfaction on ApartmentRatings.com. Of the many properties on their site, just 5% are awarded this recognition, making it a major achievement.

To qualify for this award, communities had to meet several criteria including:

  • An epIQ Index community grade of A- (80.00) or better: epIQ is the most comprehensive and insightful performance metric index which combines verified Apartment Ratings and SatisFacts data to generate a reliable and up-to-date rating. It’s calculated based on average renter ratings, reviews per unit compared to other communities, percentage of reviews with a manager’s response, and average response time.
  • A minimum of 5 reviews in the 2021 calendar year 

Congrats to our RPM communities who earned this amazing accomplishment:

  • Cashel Springs
  • Oakbridge Apartments
  • The Avery at Deer Park
  • The Mill
  • Whispering Winds Apartments

View the entire list of 2021 winners by visiting: apartmentratings.com/top-rated-awards

RPM Living Focuses on National Expansion by Adding Industry Veterans Ron Bonneau and Chase Hill to Team

RPM Living, (“RPM”) announces the addition of industry powerhouse Ron Bonneau as Partner and Managing Director of Acquisitions to RPM Investments’ team and a newly formed partnership with accomplished real estate developer Chase Hill. The two moves further build upon the firm’s national growth strategy.  

As Partner and Managing Director of Acquisitions, Ron Bonneau will be responsible for the implementation of RPM Investments’ national acquisition strategy along with developing new capital partner relationships. Bonneau has capitalized over $35 billion of real estate during his career and most recently served as Managing Director of Pacific Coast Capital Partners (PCCP) where he oversaw debt and equity originations for the Southeast and Texas. He has also served as Fund Manager at PCCP and previously spent time at Lehman Brothers in the Real Estate Private Equity Group, and as Asset Manager for TriMont Real Estate Advisors.  

As Partner and Managing Director of Development, Chase Hill will marry RPM Investments’ management and investment presence and deep relationships with Hill’s experience to expand on development throughout the South and Southwest. Hill is the Founding Partner at Sable Partners and has been involved in the sourcing, capitalization, and execution of over 3,000 multifamily units totaling nearly $700 million in total project costs. Prior to Sable Partners, he spent nearly nine years as Principal and Partner at Cypress Real Estate Advisors (CREA) where he oversaw all aspects of multifamily development, and Senior Analyst for the Teacher Retirement System of Texas (TRS). There, he assisted with a $278 million programmatic joint venture investment with Wood Partners to develop 25 apartment communities totaling over $1.3 billion in project costs.   

“We are pleased to welcome Ron and Chase to the RPM Living team, I look forward to their insight and perspective as they help grow our platform across the country.” Hank Farrell III, CEO and Co-Founder RPM Living, Investments. 

RPM employs over 2,400 team members and maintains a presence in 21 states of which both Bonneau and Hill have extensive experience and knowledge transacting within.   

The partnerships with Bonneau and Hill will accelerate the recent growth experienced by RPM Investments. In 2021, the firm successfully closed the RPM Multi-Family Fund I - its first LP real estate fund, which received commitments totaling in excess of $100 million. RPM acquired roughly 3,600 multifamily units in 2021 totaling a gross value of over $800 million during the same period. Last year’s transactions included 13 communities located throughout six different cities across the Sunbelt region and into both Texas and Arizona. RPM Investments now owns a portfolio with a market value of roughly $4 billion, primarily consisting of properties in the rapidly growing South and Southeast. 

Multiple RPM Living Communities Ranked Among the Top 1% Apartments Nationally for Online Reputation by J Turner Research

Five RPM Living properties have been recognized among the Elite 1% properties in the nation with the best online reputation for 2021 by J Turner Research, the leading market research firm exclusively serving the multifamily industry. Of the 128,000 plus properties J Turner monitors, 1,564 properties earned the Elite 1% distinction in the eighth annual Elite 1% ORA™ Power Ranking, published by Multifamily Executive.

Developed by J Turner Research, the ORA® Power Ranking is based on monthly online reputation research of over 128,000 properties’ lifetime reviews across multiple review sites and Internet Listing Services (ILSs). Based on a statistical model, J Turner assigns an independent Online Reputation Assessment Score (ORA®) to each property on a scale of 0-100 which determines a property’s rank in the Elite 1% ranking. The national average ORA® Score as of December 2021 was 62.62. Of the 1,564, five RPM communities earned this distinction, including:

  • Residence at the Oaks: Rank 16, ORA Score 99
  • Addison Place: Rank 964, ORA Score 94
  • Hebron Trails: Rank 1,075, ORA Score 94
  • The Mill: Rank 1,264, ORA Score 94
  • One Oak Grove: Rank 1,401, ORA Score 94

To be eligible for the 2021 Elite 1% ranking, a property had to register a minimum ORA® Score of 94 as of December 2021. For properties with the same ORA® score, the property with the higher number of reviews ranked higher.

J Turner Research developed the ORA® Score to simplify how online reputation is measured, and it serves as the multifamily industry standard to measure a property’s online reputation. Each month, MFE publishes a ranking of properties and management companies based on their ORA® scores. A property or a management company does not have to be a J Turner Research client to qualify for this ranking. To learn more about ORA®, please visit jturner.us/ora.