AUSTIN, TX, July 29, 2026 /24-7PressRelease/ -- 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, TX: Rosemont of Lancaster, The Mondello, Rosemont at Ash Creek, and The Positano
Houston, TX: Brookside Gardens and Park at Humble
San Antonio, TX: 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.

Learn more about these properties by visiting their websites below:
www.rosemontoflancaster.com
www.themondello.com
www.rosemontatashcreek.com
www.thepositano.com
www.brooksidegardenshouston.com
www.parkathumble.com
www.costaalmadena.com
www.tigonivillastx.com

About DevCo Residential Group
DevCo Residential Group is a real estate development and investment company focused on multifamily communities across the United States. Founded in 1994 and headquartered in Washington State, DevCo and its affiliates develop and own more than 14,000 affordable, workforce, and market-rate apartment homes, with approximately 9,000 apartment units managed internally. DevCo is recognized for delivering high-quality communities built on a foundation of integrity, long-term commitment, and collaborative teamwork. Learn more at https://devcous.com/.

About ResProp
ResProp Management is a leading multifamily property management and investment services firm, overseeing more than 19,000 apartment homes across Florida, Texas, and South Carolina. Headquartered in Austin, TX, ResProp offers comprehensive in-house expertise in property acquisition and management, asset management, business development, financing, and construction management. With a focus on operational excellence and outstanding resident experiences, ResProp aims to be the premier service provider for property owners and residents nationwide. Learn more at www.ResPropManagement.com.

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