During his appearance on Bloomberg Businessweek, RPM Chief Economist Brad Dillman discussed the impact of Fed policy on home builders and the housing market. During the segment, Brad spoke on the difference between national inflation statistics and what's actually happening with rental prices, hinting at how looking at things regionally might give us a better handle on housing trends.

Read more: Bloomberg Businessweek: Fed Decision, Bloomberg Radio

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On "The Watch List," Chief Economist Brad Dillman addressed the Case-Shiller Index data released this week and the implications on homebuilding amidst high interest rates. Reflecting on the third consecutive month of rising home prices, Brad attributed this trend to a decade of underbuilding and low volume in the housing market.

Read more: How Higher Rates Have Impacted Homebuying, Schwab Network

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Shanna Berrien, Senior Vice President of Risk Management & Insurance at RPM Living, chimes in on surging insurance costs. "Insurance costs are having a domino effect within the multifamily industry," Berrien states that "Multifamily has large values at risk, so it's not the most attractive type of real estate for insurers."

Read more: Multifamily Owners Grapple With Surging Insurance Costs, Texas Multifamily & Affordable Housing Business

Take me back to the latest News & Press

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.