RPM Living is now the third largest manager in the nation, moving up 3 spots to No. 3 on the Top 50 List of Apartment Managers by the National Multifamily Housing Council (NMHC). The company had the second largest portfolio increase among the Top 50 managers.  

In 2023, RPM Living experienced its largest year of growth, adding 75,000 units to its portfolio. The company made an exciting entrance into the state of California with its first high-rise 800 Broadway in downtown San Diego, as well as entered the Las Vegas market where it opened a new corporate office. RPM also opened a new office in Nashville to support the 5,400+ units added in 2023. Today, the company manages a total of 226,169 units across 26 states. 

Its 2024 operational strategy is to focus on the basics: its associates, residents and clients. It is pushing for continued associate engagement, both company-wide, and at the regional level, to ensure associates consistently feel supported, included and “in the know” on all things necessary to do their jobs effectively. RPM also will put a more personal touch on its resident interactions to increase resident satisfaction and reduce turnover. And lastly, it will focus on more frequent and consistent communication with its clients, with a proactive approach to meeting their goals and improving overall property performance. 

“As we expand our footprint across the United States, our mission remains the same: to foster people-centric work environments where associates thrive, and create living experiences residents recommend to others, while creating exceptional performance that nurtures longstanding client partnerships,” says Jason Berkowitz, Chief Executive Officer of RPM Living. “Our No. 3 ranking is a true testament to what our extraordinary teams have achieved. Our people are the reason for our success.”  

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. This year marks the fifth consecutive year RPM has been included in the industry’s chief ranking of the nation’s largest managers after debuting at No. 42 in 2020.  

For more information about RPM and its national portfolio, visit RPMLiving.com.  

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About RPM Living  

RPM Living is a full-service multifamily management company offering an innovative and personalized approach to real estate services including management, investment and development. Headquartered in Austin, Texas, RPM is ranked #3 on the NMHC Top 50 Largest Apartment Manager list, managing more than 180 clients, 12 regional offices and 226,000 units, with an owned portfolio of $3 billion. Founded by Jason Berkowitz in 2002, the firm has grown to 4,500 associates nationwide spread across over 50 markets, all of whom share the collective vision to enhance clients’ investments through customized solutions and exceptional resident-centric service. To learn more about RPM, visit RPMLiving.com. 

For the latest news, visit RPMLiving.com/blog.

Zach Springer Brings Industry-Wide Relationships on the Heels of RPM’s Most Active Investment Year. 

RPM Living, a full-service multifamily investment and management company, is adding to its bench strength with the addition of Zach Springer as Partner and Managing Director of Capital Markets. On the heels of the company’s most active investment year – closing 18 transactions for over $1B in value in four states – Springer is poised to oversee equity/debt for RPM at a national level. Springer will elevate RPM’s equity sourcing capabilities and continue to expand the institutional investor base by leveraging RPM’s data, geographical footprint, and exceptional investment track record.   

“Adding a superior talent like Zach to the team is an exciting way to kick off the year,” says Hank Farrell, Chief Executive Officer of RPM Investments. “His depth of relationships and market knowledge from a national standpoint is key as we implement our investment strategy with current and new equity groups across the country.” 

Prior to joining RPM, Springer was Vice Chairman at Newmark, where he was directly involved in over $10B in multifamily transactions across all classes of multifamily properties. He helped lead (along with his partners) the Newmark Houston office to a No. 1 ranking in market share/transaction volume for the last eight years and No. 1 in the nation in 2021 among all multifamily brokerage shops. Springer has a Bachelor of Arts in Economics from The University of Texas with a minor in Business. He is an active supporter in non-profit organizations, including Yellowstone Academy, Apartment Life, HOPE International, Family Legacy, and Free the Captives.  

“After 16 years in the business, I never thought I would see the day I left brokerage and especially my team in Houston that is more like family than colleagues. It took a unique situation, which I believe this opportunity offers,” says Springer. “I have known and been friends with Hank and Jason [Berkowitz, CEO of RPM Living, Management] for nearly 20 years and feel fortunate to have the chance to partner with them and build something special over the next 20 years. The goal is to be the best investor, operator, and manager in the industry, and I look forward to seeing what we can accomplish together. The energy around RPM and their leadership is what stood out to me and reminds me of what the Newmark team has in Houston.”     

About RPM Living 

RPM Living is a full-service multifamily management and investment company offering an innovative and personalized approach to real estate services including management, investment and development. Headquartered in Austin, Texas, RPM is ranked #6 on the NMHC Top 50 Largest Apartment Manager list, managing more than 180 clients, 12 regional offices and 200,000 units, with an owned portfolio of $3.5 billion. The firm has grown to 4,500 associates nationwide spread across over 50 markets, all of whom share the collective vision to enhance clients’ investments through customized solutions and exceptional resident-centric service. To learn more about RPM, visit RPMLiving.com.  

Photo: Zach Springer, Partner and Managing Director of Capital Markets at RPM Living

For the latest news, visit RPMLiving.com/blog.

Builds on 100,000+ Units Added in 2023, Opens New Corporate Offices to Support Nationwide Growth.

RPM Living, the sixth largest apartment manager in the nation, announces its expansion into two new markets – Nashville and Las Vegas. It has opened corporate offices in both cities to oversee the properties it manages and planned growth in each. In addition, RPM recently relocated its Phoenix and Houston offices to support significant growth in those markets.

RPM has added 29 properties in Nashville, bringing its total managed units there to over 6,000. To service these units, it added a new corporate office in Nashville, which will celebrate its grand opening this spring. The office is located at 1222 Demonbreun Street, Ste 100 at Gulch Union, Nashville’s newest development, between downtown Nashville and Music Row in the heart of the city’s business community and entertainment district. It is located in a high-rise, class-AA building that is pre-certified LEED Silver with amenities including an indoor-outdoor sky lounge, and 48-seat training room.

“Since entering the Tennessee market last year, we have grown rapidly,” said Jason Berkowitz, Chief Executive Officer of RPM Living. "Our strategy moving into 2024 is to continue growing our footprint in Nashville and Memphis, and to break into the Knoxville market. We have an incredible team who have operated in multiple Tennessee markets for many years, so we are well positioned to continue on in the path of making this a fast-growing, high-performing region for RPM."

RPM’s new Las Vegas corporate office was necessitated by adding 24 properties to its portfolio in that market last year, amounting to 5,424 new units. The new RPM office is located at 9075 West Diablo Dr., Suite 130, about 15 minutes from The Strip.

“Expanding our footprint purposefully and strategically allows us to stay one step ahead of the competition,” said Berkowitz. “We see a lot of opportunity for growth in Las Vegas and Nashville and both will be key markets of focus for us heading into 2024.”

In Phoenix, RPM recently relocated its corporate office into an expansive new space at the Esplanade development, steps from Biltmore Shopping Center. RPM manages 48 properties and more than 12,000 units in Phoenix. RPM also relocated its Houston office last year into a larger space in the Post Oak area. RPM manages 83 properties and over 25,000 units in Houston.

RPM’s overall operational strategy for 2024 is to focus heavily on the basics of its business: its associates, residents and clients. It is pushing for continued associate engagement, both company-wide, and at the regional level, to ensure associates consistently feel supported, included and “in the know” on all things necessary to do their jobs effectively. RPM also will put a more personal touch on its resident interactions to increase resident satisfaction and reduce turnover. And lastly, it will focus on more frequent and consistent communication with its clients, with a proactive approach to meeting their goals and improving overall property performance.

For more information about RPM and its national portfolio, visit RPMLiving.com.

About RPM Living

RPM Living is a full-service multifamily management company offering an innovative and personalized approach to real estate services including management, investment and development. Headquartered in Austin, Texas, RPM is ranked #6 on the NMHC Top 50 Largest Apartment Manager list, managing more than 180 clients, 12 regional offices and 200,000 units, with an owned portfolio of $3 billion. Founded by Jason Berkowitz in 2002, the firm has grown to 4,500 associates nationwide spread across over 50 markets, all of whom share the collective vision to enhance clients’ investments through customized solutions and exceptional resident-centric service. To learn more about RPM, visit RPMLiving.com.

Photo: Nashville Office at 1222 Demonbreun, Thomas Harris Photography

For the latest news, visit RPMLiving.com/blog.

Brad Dillman brings housing forecast model expertise and more than 15 years of experience to RPM

RPM Living, the sixth largest apartment manager in the nation, announces hiring well-respected chief economist, Brad Dillman, to enhance its forecasting capabilities as it dials in on strategic growth, and provide associates with a competitive operational resource. 

“I’m excited to be on board and look forward to enhancing the gains made by our award-winning analytics infrastructure,” says Dillman.  

The addition of Dillman brings a new level of technical expertise to RPM, through statistical modeling, data science, and forecasting, which informs how it can build operational models that will improve performance. This, coupled with the internal and external data it collects, will help RPM and its clients make savvier investment decisions.  

“We are bringing Brad on board to enhance our predictive analytics and forecasting abilities, which are being both demanded and made possible by our rapidly growing scale,” said Jason Berkowitz, Chief Executive Officer of RPM Living. “Brad is a well-respected and proven macro-strategic thought leader and technical expert that will help us grow our management and investment platforms and arm our associates with even more resources to continue providing best-in-class service.” 

Prior to joining RPM, Dillman was an economist and data scientist building housing forecast models for well-known national homebuilders and other multifamily property management companies. He has a Master’s Degree from the London School of Economics and holds the Financial Risk Manager (FRM) and Chartered Alternative Investment Analyst (CAIA) professional designations. 

Dillman tracks industry, economic, and capital market trends, regularly presenting to investors and other key stakeholders and industry audiences. He leads research and analytical initiatives through hands-on experience in forecasting and predictive modeling, including econometric, stochastic, and machine-learning processes and then translates that research and analysis into actionable takeaways. Dillman has authored numerous works on the economy and housing and is regularly tapped for his insights as a media commentator on national outlets including CNBC, Bloomberg, Wall Street Journal, New York Times and Yahoo Finance. 

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About RPM Living 

RPM Living is a full-service multifamily management company offering an innovative and personalized approach to real estate services including management, investment and development. Headquartered in Austin, Texas, RPM is ranked #6 on the NMHC Top 50 Largest Apartment Manager list, managing more than 180 clients, 12 regional offices and 200,000 units, with an owned portfolio of $3 billion. Founded by Jason Berkowitz in 2002, the firm has grown to 4,500 associates nationwide spread across over 50 markets, all of whom share the collective vision to enhance clients’ investments through customized solutions and exceptional resident-centric service. To learn more about RPM, visit RPMLiving.com.  

Photo: Brad Dillman, Chief Economist at RPM Living

For the latest news, visit RPMLiving.com/blog.

RPM Living has made the top 5 of MHN's annual Top 50 Property Management Firms rankings for 2023! For more information on the rankings and methodology, please visit Multi-Housing News’ website.

For the latest news, visit RPMLiving.com/blog.

RPM Living is now the sixth largest manager in the nation, moving up one spot to No. 6 on the Top 50 List of Apartment Managers by the National Multifamily Housing Council (NMHC). The firm had the second largest portfolio increase among the Top 50 managers. 

In 2022, RPM Living experienced its largest year of growth, adding nearly 50,000 units to its portfolio, and entering six new states, including Indiana, Minnesota, Nevada, New Mexico, Ohio, and Wisconsin. Today, the firm manages a total of 148,603 units across 25 states. This path of purposeful growth has not only expanded RPM’s national footprint but created opportunities to bring on incredible talent from inside and outside the industry, further diversifying and enhancing the knowledge and skills of its teams. 

“The opportunities created for our associates is truly what excites me most about our growth – expanding our footprint purposefully and strategically allows us to stay one step ahead of the competition,” says Jason Berkowitz, Chief Executive Officer of RPM Living. “Our No. 6 ranking is a true testament to our teams and our commitment to living our vision of being a place where extraordinary people thrive.” 

This vision – along with a new mission and set of core values – was introduced at the end of 2022 to better align with who the company is today and to ensure the reimagined values ladder up to the mission and vision. Each element also reinforces a focus on advanced performance, enhanced client and resident relationships, and cultivating a people-centric organization for its 3,200 associates.  

By growing strategically, RPM has also been able to keep an ongoing focus on technology and innovation. Its Analytics team was recently named a 2023 CRE Tech Influencer by GlobeSt.com for its custom proprietary solutions and forward thinking. Also recognized this past year for bold, impactful ideas, RPM’s Marketing team was named Department of the Year in the 2022 PR & Marketing Excellence Awards. 

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. This year marks the fourth consecutive year RPM has been included in the industry’s chief ranking of the nation’s largest managers after debuting at No. 42 in 2020. 

For more information about RPM and its national portfolio, visit RPMLiving.com. 

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About RPM Living 

RPM Living is a full-service multifamily management company offering an innovative and personalized approach to real estate services including management, investment and development. Headquartered in Austin, Texas, RPM is ranked #6 on the NMHC Top 50 Largest Apartment Manager list, managing more than 150 clients, 10 regional offices and 148,000 units, with an owned portfolio of $3 billion. Founded by Jason Berkowitz in 2002, the firm has grown to over 3,200 associates nationwide spread across over 45+ markets, all of whom share the collective vision to enhance clients’ investments through customized solutions and exceptional resident-centric service. To learn more about RPM, visit RPMLiving.com. 

Photo: Olmsted Savannah, a 163-unit property in Savannah, GA which RPM Living developed, owns and manages.

For the latest news, visit RPMLiving.com/blog.

RPM Living’s Analytics Team has received recognition for its forward thinking, having been named a 2023 CRE Tech Influencer by GlobeSt.com. Formed in 2020, the team has developed and implemented a data infrastructure that helps to seamlessly move data around the company, greatly improving efficiency across all levels and departments of the organization during its largest years of growth.  

The Analytics team has developed tools and processes to help the organization scale and capture data to make informed decisions including a customized marketing BI dashboard that provides proprietary data insights that directly impact property performance, an internal key performance indicator (KPI) program that’s able to predict NOI, a front-end reporting tool to provide better insight into property performance, and an internal billback application that has greatly increased collections of billable services.  

By leveraging these tools and technology, the Analytics team has supported and enabled our best-in-class Transitions & Due Diligence team in transitioning in a record number of properties, which directly supported the organization being able to climb from No. 42 to No. 6 on the NMHC Top 50 list in just three years.   

CRE Tech Influencers recognizes those in the commercial real estate space that not only have 360-degree knowledge of technology but an in-depth understanding of the problems the technology needs to solve. The CRE Tech Influencer accolade compliments other recent awards RPM has earned including its Marketing team being named Department of the Year in the 2022 PR & Marketing Excellence Awards. 

To read more about GlobeSt.’s 2023 Tech Influencer, click here. To learn more about RPM Living, visit RPMLiving.com. 

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About RPM Living 

RPM Living is a full-service multifamily management company offering an innovative and personalized approach to real estate services including management, investment and development. Headquartered in Austin, Texas, RPM is ranked #6 on the NMHC Top 50 Largest Apartment Manager list, managing more than 150 clients, 10 regional offices and 148,000 units, with an owned portfolio of $3 billion. Founded by Jason Berkowitz in 2002, the firm has grown to over 3,200 associates nationwide spread across over 45+ markets, all of whom share the collective vision to enhance clients’ investments through customized solutions and exceptional resident-centric service. To learn more about RPM, visit RPMLiving.com.   

For the latest news, visit RPMLiving.com/blog.

RPM Living announces the acquisition of Ashton on West Dallas in Houston’s Montrose submarket, in the heart of the city’s urban core. The acquisition marks RPM’s 17^th acquisition in the greater Houston area and the wrap-style community is the second Houston asset to be added to the RPM Multi-Family Fund I portfolio.

Located within walking distance to Houston’s expansive Buffalo Bayou Hike and Bike Trail, Ashton on West Dallas is in a highly convenient location with immediate access to the city’s central business district and multiple city parks. Surrounded by Houston’s most vibrant entertainment districts and attractions, the community is near a variety of neighborhood bars and retail that make up the Montrose, Midtown, and Washington Ave. neighborhoods.

Built in 2013, Ashton on West Dallas features 246 units with 10-foot ceilings throughout, elevator-serviced corridors, and a stand-alone 24-hour fitness studio. Modern one- and two-bedroom residences have floor-to-ceiling windows, wood floors, and stone counters.

“Ashton on West Dallas provides us great opportunity with the potential for outsized rental growth given the area’s limited construction pipeline and Class A absorption projected to remain strong in light of the increased cost of home-ownership and Houston’s consistent population growth,” says Hank Farrell, Chief Executive Officer of RPM Living Investments.

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

Project Highlights

Owner: RPM Living
Multifamily Manager: RPM Living
Developer/Builder: Alliance Residential
Location: Houston, TX
Opened: 2013
Number of units: 246
Unit mix: 1 and 2 bedrooms

About RPM Living 

RPM Living is a full-service multifamily management company offering an innovative and personalized approach to real estate services including management, investment and development. Headquartered in Austin, Texas, RPM is ranked #7 on the NMHC Top 50 Largest Apartment Manager list, managing more than 100 clients, nine regional offices and 112,000 units, with an owned portfolio of $3 billion. Founded by Jason Berkowitz in 2002, the firm has grown to over 2,500 associates nationwide spread across over 35 markets, all of whom share the collective vision to enhance clients’ investments through customized solutions and exceptional resident-centric service. To learn more about RPM, visit RPMLiving.com. 

For the latest news, visit RPMLiving.com/blog.

As the first multifamily management company to be recognized in the Public Relations and Marketing Excellence Awards, RPM Living’s Marketing team has been awarded 2022 Department of the Year. The annual PR and marketing industry awards identify leading agencies and corporate departments who delivered quantifiable business results for their respective clients. 

RPM’s Marketing team is structured like an in-house agency, but has the added benefit of industry knowledge, giving it an advantage over other management companies and agencies. Comprised of agency-trained internal and external experts, the team’s unique approach and expertise allows them to develop strong brands that elevate and enhance the 450+ communities RPM manages and set them up to be successful right out the gate.  

With a large role in securing new business opportunities, RPM’s Marketing team has directly supported the explosive growth of RPM Living, becoming the fastest growing multifamily company two years in a row, helping the organization grow from the 42nd to the 7th Largest Multifamily Manager on the National Multifamily Housing Council (NMHC) Top 50 Apartment Manager List, the authoritative industry leader. 

In the past year alone, the department has launched multiple programs and processes that directly impact performance, including a customized marketing BI dashboard to provide proprietary data that guides strategic business decisions, a complete CRM platform for RPM’s entire portfolio of properties that streamlines the leasing and retention process, and complete branding and digital services which brought previously outsourced services in-house for a more strategic solution at a lower cost. 

The team is led by Chief Marketing Officer Alexis Vance and Senior Vice President of Marketing Lindsay Jacobs who have been able to attract high-caliber candidates in one of the most competitive job markets to build out an industry-leading marketing team. Over the past two years, the team has grown from a handful of associates to nearly 40 team members and experienced 15+ internal promotions. 

“Our innovative, results-oriented team is strategically creative and creatively strategic,” says Alexis Vance. “Years of experience, truckloads of talent, and a lot of fun has allowed us to support the organization during a time of immense growth and really do things differently in the multifamily industry.”  

To learn more about RPM, visit RPMLiving.com. For more information on the Public Relations and Marketing Excellence awards visit bintelligence.com/pr-excellence.  

About RPM Living 

RPM Living is a full-service multifamily management company offering an innovative and personalized approach to real estate services including management, investment and development. Headquartered in Austin, Texas, RPM is ranked #7 on the NMHC Top 50 Largest Apartment Manager list, managing more than 100 clients, nine regional offices and 112,000 units, with an owned portfolio of $3 billion. Founded by Jason Berkowitz in 2002, the firm has grown to over 2,500 associates nationwide spread across over 35 markets, all of whom share the collective vision to enhance clients’ investments through customized solutions and exceptional resident-centric service. To learn more about RPM, visit RPMLiving.com. 

About Business Intelligence Group

The Business Intelligence Group was founded with the mission of recognizing true talent and superior performance in the business world. Unlike other industry award programs, these programs are judged by business executives who have experience and knowledge. The organization's proprietary and unique scoring system selectively measures performance across multiple business domains and rewards those companies whose achievements stand above those of their peers.

For the latest news, visit RPMLiving.com/blog.