ResProp Management has entered into an agreement with DevCo Residential Group to manage eight multifamily affordable housing communities across Texas, expanding its presence in the Dallas, Houston, and San Antonio metropolitan areas. The announcement, made on July 29, 2026, highlights ResProp's growing focus on affordable housing management.
All eight communities provide affordable housing opportunities for eligible applicants and represent an important addition to ResProp's platform. The newly transitioned portfolio includes Rosemont of Lancaster, The Mondello, Rosemont at Ash Creek, and The Positano in Dallas; Brookside Gardens and Park at Humble in Houston; and Costa Almadena and Tigoni Villas in San Antonio.
Luke Leins, Senior Vice President of Business Development at ResProp Management, emphasized the significance of the partnership. "This portfolio represents the kind of partnership ResProp is built to support. 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."
Michael Snowdon, Vice President of Asset Management at DevCo Residential Group, expressed enthusiasm about the collaboration. "We are excited to partner with ResProp Management on our Texas portfolio and continue providing quality affordable housing to our residents. 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 importance of this news lies in the growing need for affordable housing in Texas, particularly in major metropolitan areas. By partnering with DevCo, ResProp is positioned to enhance the quality of life for residents in these communities through specialized management practices. This move also reflects a broader industry trend where property management firms are increasingly focusing on affordable housing to address housing shortages and regulatory requirements. For residents, the transition aims to ensure continuity of services and potential improvements in community operations.
ResProp Management, headquartered in Austin, TX, oversees more than 19,000 apartment homes across Florida, Texas, and South Carolina. DevCo Residential Group, founded in 1994 and based in Washington State, develops and owns more than 14,000 affordable, workforce, and market-rate apartment homes. More information about the properties can be found on their respective websites: Rosemont of Lancaster, The Mondello, Rosemont at Ash Creek, The Positano, Brookside Gardens, Park at Humble, Costa Almadena, and Tigoni Villas. Additional details about the companies are available at DevCo Residential Group and ResProp Management.
