ResProp Management Expands Texas Affordable Housing Portfolio with DevCo Partnership

ResProp Management, a leading multifamily property management firm, has expanded its Texas footprint by assuming management of eight affordable housing communities from DevCo Residential Group. The portfolio spans the Dallas, Houston, and San Antonio metropolitan areas, including properties such as Rosemont of Lancaster, The Mondello, Rosemont at Ash Creek, The Positano, Brookside Gardens, Park at Humble, Costa Almadena, and Tigoni Villas. These communities provide affordable housing opportunities for eligible applicants and bolster ResProp's affordable housing management platform.

“This portfolio represents the kind of partnership ResProp is built to support,” said Luke Leins, Senior Vice President of Business Development at ResProp Management. He emphasized that affordable housing requires operational discipline, compliance knowledge, and resident-focused service. Michael Snowdon, Vice President of Asset Management at DevCo, expressed excitement about the partnership, noting ResProp’s expertise and commitment to operational excellence. ResProp’s transition teams are already active across all eight communities to ensure a smooth handoff for residents and staff. The company continues to strengthen its Texas presence while deepening its commitment to managing affordable housing with care and accountability. For more details on the properties, visit their websites: www.rosemontoflancaster.com, www.themondello.com, and others.

DevCo Residential Group, founded in 1994 and headquartered in Washington State, develops and owns over 14,000 apartment homes nationwide. ResProp Management oversees more than 19,000 apartment homes across Florida, Texas, and South Carolina, offering in-house expertise in property management, asset management, and construction. This partnership underscores the growing need for specialized affordable housing management in Texas, where demand for quality, accessible housing continues to rise.