RPM Chief Economist Brad Dillman was featured in a CBS News article where he predicted home equity loan rates might fall, even if the Fed decides to hold rates steady at it's June Meeting. Brad stated that even if the "Fed's policy rate remains unchanged, we may see some decline in home equity loan rates due to narrowing spreads,"
Read More: Will home equity loan rates drop after the June Fed Meeting? Experts weigh in.
RPM Chief Economist Brad Dillman believes slow rent growth may have hit its lowest point, which presents a bright future for apartment owners and investors.
Read more: This Chief Economist Thinks Slow Rent Growth May Have Bottomed Out (globest.com), GlobeSt
Josh Kahn, RPM’s Chief Operating Officer, was featured in a PERE article on the commercial real estate industry adopting AI. Discussing how managers are using models to predict future rent growth, Josh stated “these models will become more dynamic and start to incorporate asset-level characteristics likely to drive performance.
Read more: AI will give you your time back, PERENews.com
RPM Chief Economist Brad Dillman was featured in a CBS News article where he discussed the impact of mortgage rates on home prices. Brad stated that he expects home prices to continue to see a general increase.
Read more: What will happen to home prices if mortgage rates stay high? Experts weigh in, CBS News
RPM Chief Economist Brad Dillman continued discussions on the housing market in a panel appearance on Nasdaq TradeTalks. Brad highlighted that the eviction moratorium during COVID led to a rise in multifamily building due to higher occupancy rates, higher rent growth, and low interest rates.
Read more: Why the US Could Enter Systemic Housing Oversupply in Late 2026, Nasdaq TradeTalks
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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
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
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.
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