ResProp Management has entered into an agreement with DevCo Residential Group, a multifamily developer and investment team specializing in first-class affordable housing communities. ResProp assumed management of DevCo's eight multifamily communities across Texas, expanding its statewide presence with new communities in the Dallas, Houston, and San Antonio metropolitan areas.
All eight communities provide affordable housing opportunities for eligible applicants and represent an important addition to ResProp's growing affordable housing management platform. The newly transitioned portfolio includes Dallas properties such as Rosemont of Lancaster, The Mondello, Rosemont at Ash Creek, and The Positano; Houston properties such as Brookside Gardens and Park at Humble; and San Antonio properties such as Costa Almadena and Tigoni Villas.
"This portfolio represents the kind of partnership ResProp is built to support," said Luke Leins, Senior Vice President of Business Development at ResProp Management. "Affordable housing requires more than standard property management. It takes operational discipline, compliance knowledge, resident-focused service, and dedicated internal support. Our client shares our vision for strengthening these communities, and ResProp brings the specialized teams, systems, and experience needed to help these properties perform while continuing to serve eligible residents across Texas."
"We are excited to partner with ResProp Management on our Texas portfolio and continue providing quality affordable housing to our residents," said Michael Snowdon, Vice President, Asset Management. "Their expertise in affordable housing management and commitment to operational excellence align well with our mission, and we look forward to building strong communities together across Texas."
ResProp's transition, operations, marketing, compliance, and centralized support teams are already active across all eight communities to ensure a smooth handoff for residents, clients, and onsite team members.
With this expansion, ResProp continues to strengthen its Texas footprint while deepening its commitment to managing affordable housing communities with care, accountability, and long-term operational focus. The partnership underscores the growing demand for specialized management in the affordable housing sector, where compliance expertise and resident-centered services are critical. As housing affordability remains a pressing issue in Texas, this move positions ResProp to play a key role in sustaining and improving access to affordable homes in major metropolitan areas.
