Category: News

RPM Living Investments Grows Houston Portfolio With San Paloma Acquisition in Energy Corridor

RPM Living Investments (“RPM”) has announced the acquisition of San Paloma in the heart of Houston’s Energy Corridor, the city’s third-largest employment center. The 372-unit garden property was purchased from Blackstone/Livcor through a joint venture with DRA Advisors (“DRA”). The transaction is the second joint venture between DRA and RPM in Texas and is RPM’s 16th acquisition in greater Houston. 

San Paloma presents an incredible opportunity with the community’s superb Energy Corridor location, forecasted to maintain its position as one of Houston’s strongest submarkets. The community is surrounded by 22MM square feet of office space, high-end infrastructure, and benefits from its location in the path of Houston’s western-leaning growth and a limited multifamily construction pipeline. 

Built by Sueba in 2006, one of Houston’s highest quality builders, San Paloma features an unmatched amenity set, and unique floorplans with an average unit size of over 1,050 square feet that include arched doorways, vaulted ceilings, and built-ins throughout.  

“San Paloma is an excellent property that provides tremendous opportunity in one of Houston’s premier locations. We are excited to add such a great asset to our portfolio and to capitalize on its maximum potential,” says Hank Farrell, Chief Executive Officer of RPM Living Investments.  

"San Paloma is the perfect addition to grow our successful partnership with RPM. It is a high-quality asset in an A+ location with strong demand in a supply-constrained submarket, and we are excited to execute our business plan alongside the RPM team,” says Brett Gottlieb, Managing Director of DRA Advisors.  

The acquisition was financed by Amerant Bank. For more information on RPM Living Investments, visit 

Project Highlights 

Owner: RPM Living Investments
Manager: RPM Living
Developer/Builder: Sueba
Location: Houston, TX
Opened: 2006
Number of units: 372
Unit mix: One-, Two-Bedrooms 

RPM Living Acquires Brentwood Downs in Atlanta’s Fast-Growing Suburban Housing County

RPM Living Investments announces the acquisition of Brentwood Downs, a 408-unit garden-style community in Lilburn, Georgia, a suburb of Atlanta experiencing high demand amongst apartment dwellers. The acquisition marks the sixth asset purchased by the RPM Multifamily Fund I that launched last year.  

Situated northeast of Atlanta’s central business district, Brentwood Downs has experienced immense organic rental growth with rates increasing more than 18% over the last year. Located at 500 Pleasant Hill Rd NW, the community boasts spacious units at an average of 1,070 square feet, an attractive feature for those escaping the city and seeking more space.  

Brentwood Downs’ rent rate increase is reflective of Atlanta’s overall demand for suburban housing. Gwinnett County, where Brentwood Downs is located, seems to be experiencing it the most with an over 8% YOY growth in employment. The demand is due to rising rents inside the Atlanta loop, which is partly caused by a surge in population growth and supply shortage. This coupled with the rise in remote work has further increased demand for rental housing in the suburbs, where residents are able to choose space over office proximity.  

“The suburbs of Atlanta continue to see growth as residents leave the city center for more space. The strategic acquisition of Brentwood Down builds on our plans to further expand our national presence in growing markets,” says Josh Kahn, Chief Operating Officer, RPM Living Investments.  

RPM sourced Brentwood Downs through a direct, off-market relationship with the seller who has owned the community since 2007. The acquisition was financed by First Horizon Banks and adds to RPM’s growing footprint in Atlanta and the Southeast region. To learn more about RPM Living Investments, visit 

Project Highlights 

Owner: RPM Living Investments
Manager: RPM Living
Developer/Builder: Lane Company
Location: Lilburn, GA
Opened: 1997
Number of units: 408
Unit mix: One-, Two-, and Three-Bedrooms 


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Honored for Remarkable Leadership, Cynthia Miller and Alexis Vance of RPM Living Recognized as 2022 Women of Influence by GlobeSt.

RPM Living’s Division President Cynthia Miller, and Chief Marketing Officer Alexis Vance have both been recognized among the top female commercial real estate professionals as Women of Influence by GlobeSt. for the significant impact they’ve made on the industry. Both women have been instrumental in leading effective change that has directly impacted the explosive growth and evolution of RPM Living, the No. 7 largest apartment manager on NMHC’s Top 50 list. 

As Division President, Cynthia Miller directly oversees operations of RPM Living’s West portfolio of 77,000 units and supervises the Operations team and Analytics and Compliance departments. She has played a key role in several companywide platform rollouts that elevate reporting, people, and workflow to be the best in the business. Additionally, Cynthia has significantly grown the West portfolio. Most notably, in the past year, the Dallas-Fort Worth portfolio grew by 22,100 units and the Houston portfolio by 8,100 units, and her total portfolio’s average occupancy in 2021 was above the industry average. 

As Chief Marketing Officer, Alexis Vance plays an integral role in positioning the company as a differentiator with an overall focus on brand equity and has led the company, from a marketing standpoint, through its two biggest years of growth. She has led her team through the launch of multiple key programs and processes, like an industry-leading business intelligence platform, a complete CRM platform, and in-house branding and digital services, all which directly impact performance as well as the resident and client experience.  

Cynthia and Alexis’ strong leadership can best be seen in those they lead. Their ability to pivot and be agile has paid off with retention, and their strong support and investment in people is evidenced in their team’s growth and success. In the past year, Cynthia has had the opportunity to promote 17 individuals on her team at the Regional Vice President, Vice President, and Senior Vice President level alone. Likewise, Alexis’ leadership has allowed her to attract high-caliber candidates, even in one of the most competitive job markets, and build out an industry-leading marketing team, growing it from three members to 30 in just two years. 

GlobeSt.’s Women of Influence awards recognize female commercial real estate professionals for their remarkable achievements who have personally impacted the market and significantly driven the industry to new heights via their outstanding successes. To view the full list of 2022 winners, click here. 

To learn more about RPM Living, visit 

RPM Living Earns National Recognition as the 7th Largest Multifamily Manager on NMHC’s 2022 Top 50 list

Amidst national record growth, RPM Living is now the seventh largest manager in the nation, landing at No. 7 on the Top 50 List of Apartment Managers by the National Multifamily Housing Council (NMHC), up four spots from No. 11 last year. This marks the third consecutive year the Austin firm has been included in the industry’s chief ranking of the nation’s largest managers and the first year they’ve ranked in the top 10. 

The ranking is an impressive feat considering RPM debuted on the annual list just two years ago in 2020 at No. 42 and was able to climb 35 spots among the industry’s ever-evolving landscape due to the global pandemic and a highly competitive job market. The quick ascent can be attributed to the firm’s exponential growth over the past few years. In 2021, RPM experienced its largest year of growth, 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. 

“It’s an honor to be named the No. 7 company in the country and the achievement is an attestation to our team’s constant dedication and hard work,” said Jason Berkowitz, CEO and founder of RPM. “I am proud of our team's commitment to best practices, innovative solutions and resident-centric service which continues to be our focus and what propels us forward, allowing us to evolve and maintain our upwards trajectory.” 

Contributing to the recent growth is RPM’s investment and development arm which successfully closed the RPM Multifamily Fund I, its first LP real estate fund which received commitments totaling more than $100 million. In 2021, the firm acquired roughly 3,600 multifamily units totaling a gross value of over $800 million. 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. 

Further accelerating RPM’s growth are its recent partnerships with industry powerhouses Ron Bonneau as Partner and Managing Director of Acquisitions, and Chase Hill as Partner and Managing Director of Development. The two bring extensive industry experience that will directly benefit the firm’s efforts to grow its platform nationally and further expand on development throughout the South and Southwest.  

In addition to national growth, RPM has received recognition for its outstanding culture and leadership, having been named a Best Place to Work for 2022 by GlobeSt. The list highlights organizations that achieve outstanding performance, stay on top of workforce trends, strive to accommodate staff, and offer transparent communication methods and thoughtful employee engagement programming. The accolade compliments other recent awards including RPM’s Chief Executive Officer Jason Berkowitz and its Transition & Due Diligence Team both being named Multifamily Influencers by GlobeSt. in 2021.  

The NMHC Top 50 is the industry’s chief ranking of the nation’s 50 largest apartment developers, 50 largest apartment owners, 50 largest apartment managers, 25 largest builders and 10 largest syndicators. 

For more information about RPM and its national portfolio, visit 

Exceptional Culture Focused on Associates Earns RPM Living a 2022 Best Place to Work Recognition by

RPM Living has received recognition for its outstanding culture and leadership, having been named a Best Place to Work for 2022 by The list highlights organizations that achieve outstanding performance, stay on top of workforce trends, strive to accommodate staff, and offer transparent communication methods and thoughtful employee engagement programming, while continually earning respect from professionals. 

"After experiencing our largest year of growth ever, it’s an honor to be recognized as a GlobeSt. Best Place to Work. From the start, our associates have always been our main focus and a big part of our success.” said Jason Berkowitz, Founder and CEO of RPM. 

Celebrating its 20th anniversary this year, RPM has experienced tremendous success over the past two decades, and particularly in the last few years. In 2021, the full-service multifamily management company made the biggest leap on the National Multifamily Housing Council’s (NMHC) Top 50 List of Apartment Managers, jumping to No. 11 after debuting at No. 42 in 2020. Now, with over 112,000 units under management, RPM is expecting to make another jump when the 2022 list is announced in mid-April.  

Even among the industry’s ever-evolving landscape due to the global pandemic and a highly competitive job market, RPM has been able to grow at all levels. The company currently employs over 2,400 associates, all of whom share the collective vision to enhance clients’ investments through innovative solutions and resident-centric service. Currently, RPM manages a diverse portfolio of 112,000 units across 35 markets in 21 states. 

The Best Place to Work accolade compliments other recent awards RPM has earned including its CEO Jason Berkowitz and its Transition & Due Diligence Team both being named Multifamily Influencers by in 2021. 

To read more about GlobeSt.’s 2022 Best Places to Work winners, click here. To learn more about RPM Living, visit 

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 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:

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

RPM Serves

RPM Serves is the charitable arm of RPM Living and provides employees and residents with an opportunity to serve their communities and a variety of organizations.

RPM Serves Mission and Pillars

Our mission is to provide support in creating, establishing and strengthening households. With a stable foundation to build upon, individuals can construct a safe space to call home to enhance their lives and those of future generations. Our three pillars – housing, empowerment, and families & companions – strategically guide our efforts towards giving back to organizations that help create a sense of home and community for those in need.

RPM Serves Goals

Our goals for each pillar are as follows:

  • Housing: Provide accessible housing solutions and safe, healthy living environments for those in need.
  • Empowerment: Inspire and educate underprivileged individuals with little access to funds, resources or opportunities.
  • Families & Companions: Support children and families in need of basic essentials, and advocate for and improve the lives of all animals.

RPM Serves Committee

RPM Serves is supported by a committee of associates located in all our regional markets. Team members have the opportunity to apply each year to be a part of the committee, which assists in planning and leading monthly regional events and contributes to larger, companywide initiatives. While various events are held monthly throughout RPM’s regions, companywide events are held 1-2 times a year, bringing together all staff and residents for one unified project and common cause.

RPM knows giving back is important to everyone, which is why associates are encouraged to submit event and volunteering ideas for organizations near to their heart. Team members can even lead events in their region with the support of the RPM Serves committee, or simply volunteer their time. This gives associates the unique opportunity to give back to causes they are passionate about and allows the company to work with and support a wide range of organizations.

RPM Serves 2021 Initiatives

Every holiday, RPM hosts a companywide toy drive in support of Toys For Tots. In 2021, we collected over 2,700 toys across our properties and regional offices. Other initiatives in 2021 included a gift card drive in our Austin region in support of Foundation Communities which collected more than $12,000 in donations for families in need and a back-to-school supply drive in support of the children who attend their Learning Center programs.

We also were a promotional partner for the 2021 North Texas Giving Day in our Dallas region which supported over 3,300 nonprofit organizations in the region. In our Chicago region, our teams and clients joined together for a Giving Tuesday to support Feed My Starving Children were they packed 95 boxes to provide over 20,000 meals for those in need.

RPM Serves Past Initiatives

In the past, RPM has had the opportunity to give back to an array of charitable causes, supporting everything from families in need and homeless pets, to the environment and medical research.

Recent events in just the past three years include a garden clean-up with UMLAUF Sculpture Garden & Museum, a summer book distribution with Texas Kids Read, a food drive with Central Texas Food Bank, finish line crowd control for the Austin Marathon, Earth Day fun with Austin Parks Foundation, and other events with Houston Aids Foundation, Head for The Cure, Girls Empowerment Network of Austin, Strutt Your Mutt, and more.

RPM Serves has also worked with Foundation Communities, a non-profit organization providing affordable housing for those in need, since 2013 and continues to do so every year.

RPM Serves as an Employee Benefit

RPM Serves is one of many programs part of Thrive, our all-encompassing benefits package offered to associates that addresses the four main areas of well-being: Wellness, Future, Drive, Care. RPM Serves is part of the Care bucket, alongside other community-focused programs and perks that encourage employees to volunteer and give back.