Category: Press

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 


For the latest news and press, visit

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 

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

KKR and RPM Living Acquire The Beach House Apartments in Jacksonville, Florida

New York – October 28, 2021 – KKR, a leading global investment firm, today announced that KKR Real Estate Select Trust Inc. (“KREST”) and RPM Living Investments (“RPM Living”), a full-service multifamily management, investment and development company, have acquired The Beach House Apartments (“The Beach House”), a multifamily property in Jacksonville, Florida. The transaction is KKR’s first multifamily investment through KREST, a continuously offered, registered closed-end fund designed to deliver access to income-oriented private real estate investments.

Completed in 2010, The Beach House is a 228-unit, garden-style multifamily complex located in the Jacksonville Beaches submarket, approximately one mile from public beach access and in close proximity to Jacksonville’s popular beachside entertainment and shopping destinations. The property features luxury interiors, private patios and balconies, and variety of modern amenities, including a swimming pool, fitness center and business center. RPM Living will operate The Beach House and oversee a number of upgrades to ensure the property continues to provide a high-quality residential experience.

“We are excited to complete our first residential investment for KREST with the purchase of this premium apartment complex located in the highly desirable Jacksonville Beach neighborhood,” said Michael Friedland, Managing Director at KKR. “We are continuing to deepen our footprint in the fast-growing Sunbelt region and believe this beach-adjacent property offers attractive value to a wide range of residents who are choosing Jacksonville for its great lifestyle and employment opportunities.”

“The Beach House’s great location coupled with Jacksonville’s current competitive market is what attracted us to this investment and we’re looking forward to further expanding our presence in the Southeast and Sunbelt region,” said Josh Kahn, Chief Operating Officer, Investments at RPM Living.

The investment is part of KREST’s stabilized real estate investment strategy, one of the fund’s three primary investment strategies, which focuses on thematically-driven, income-generating real estate in high growth markets, including well-leased multi-family. Since launching a dedicated real estate platform in 2011, KKR has grown real estate assets under management to approximately $33 billion across the U.S., Europe and Asia as of June 30, 2021. KKR’s global real estate team consists of approximately 130 dedicated investment professionals, spanning both the equity and credit business, across 12 offices and nine countries.

# # #


KKR Real Estate Select Trust Inc. (“KREST”) is a continuously offered, registered closed-end fund that thematically invests in high quality, stabilized, income-oriented commercial real estate equity and debt. The fund is open to all investors with daily subscriptions and its primary investment objective is to provide attractive current income, with a secondary objective of long-term capital appreciation. KREST is managed by KKR Registered Advisor LLC, an affiliate of KKR & Co. Inc., and utilizes the experience and reach of KKR’s global real estate team and the resources available through the KKR platform. For additional information about KREST, please visit its website at

About KKR

KKR is a leading global investment firm that offers alternative asset management and capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR’s insurance subsidiaries offer retirement, life and reinsurance products under the management of The Global Atlantic Financial Group. References to KKR’s investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR’s website at and on Twitter @KKR_Co.

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 #11 on the NMHC Top 50 Largest Apartment Manager list and the third largest property management company in Texas managing more than 100 clients, nine regional offices and 76,000 units across Arizona, Colorado, Florida, Georgia, Illinois, Iowa, Kentucky, Louisiana, Maryland, Michigan, North Carolina, South Carolina, Tennessee, Texas, Virginia, and Wyoming. Founded by Jason Berkowitz in 2002, the firm has grown to over 2,000 associates nationwide spread across 27 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

RPM Living Retains Management of 10X Living 15th Street Flats, Formerly Known as 15th Street Flats

AUSTIN, Texas (10/05/21) — RPM Living is pleased to announce it has been selected as the property management firm for 10X Living 15th Street Flats, a 337-unit eight-story complex offering one- and two-bedroom units ranging from 638 to 1,273 square feet. in Houston, TX.

Formerly known as 15th Street Flats, the property has been rebranded to 10X Living 15th Street Flats and adds to RPM’s growing portfolio in Houston, TX. The 337-unit community is located at 1414 N Shepherd Dr, Houston, TX 77008.

“We are excited to be selected as the management company for such a great asset,” says Jason Berkowitz, Chief Executive Officer of RPM Living. “We’re looking forward to providing the highest quality service and enhancing the property’s overall value for lasting success.”

RPM Living’s management services will comprise the day-to-day management, accounting and maintenance of the community, along with tenant communication, lease administration, budgeting, and management of third-party vendors.

RPM offers extensive 360-degree solutions for diverse portfolios with the goal of providing the highest quality property and asset management services available. By providing clients with custom tailored services, RPM takes a collaborative, hands-on approach to understand the unique goals of each property. RPM’s areas of expertise include conventional, lease-up, mixed-use, student housing, senior living and affordable.

For more information, visit

About RPM

RPM is a full-service property management company offering an innovative and personalized approach to real estate management services. Headquartered in Austin, Texas, RPM is a NMHC Top 50 Manager and the third largest property management company in Texas managing more than 100 clients, eight regional offices and 84,000 units across Arizona, Colorado, Florida, Georgia, Illinois, Kentucky, Louisiana, Maryland, Michigan, North Carolina, South Carolina, Tennessee, Texas and Virginia. Founded by Jason Berkowitz in 2002, the firm has grown to over 1,600 associates nationwide spread across 32 markets, all of whom share the collective vision to enhance clients’ investments through customized solutions and create quality living environments for residents. RPM continues its aggressive pursuit of new opportunities in thriving markets. To learn more about RPM, visit

RPM Living Featured in Units Magazine June 2021 Issue

RPM Living was recently featured in NAA’s Units Magazine’s June 2021 issue in an article titled “5 Biggest Property Management Challenges on the Horizon,” which details the hurdles facing the industry in finding and keeping top talent in a post-COVID-19 world.

Rachel Davidson, of RPM Living, shares insights on how companies are navigating coming back to the office. “Rachel, “says the apartment industry was slow to adopt telework and other flexible policies, but the pandemic changed that and showed that staffers could be productive at home. ‘One of the bigger focuses and challenges is going to be finding the right balance instead of just trying to return to normal,’ Davidson says. ‘I think companies who just open back up and say that people are required to be back in the office are going to face challenges retaining top talent and even attracting top talent.’ If companies correctly navigate the return to the office, they can gain an edge in the battle for talent. ‘Those who actually make a change and create a new normal are going to have an advantage because your workforce is going to expect that,’ Davidson says.” Read more on the article written by Units Magazine here.