ResProp Management has entered into an agreement with DevCo Residential Group to assume management of eight multifamily affordable housing communities across Texas, expanding its statewide footprint in the Dallas, Houston, and San Antonio metropolitan areas. The transition, announced July 29, 2026, adds key properties to ResProp's growing affordable housing platform, which now oversees more than 19,000 apartment homes across Florida, Texas, and South Carolina.
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. All eight communities provide affordable housing opportunities for eligible applicants, aligning with ResProp's commitment to managing such properties with specialized care.
“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.”
The partnership highlights the growing demand for professional affordable housing management, a sector that requires deep compliance expertise and resident-centered operations. 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.
Michael Snowdon, Vice President of Asset Management at DevCo Residential Group, expressed enthusiasm for 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.”
For business and technology leaders, this expansion underscores the importance of specialized property management platforms in addressing the affordable housing crisis. As regulatory requirements and resident needs evolve, firms like ResProp that invest in compliance infrastructure and operational efficiency are better positioned to manage large-scale portfolios. The move also reflects a broader trend of consolidation in the affordable housing sector, where scale enables better resource allocation and technology adoption.
ResProp Management, headquartered in Austin, TX, offers comprehensive in-house expertise in property acquisition and management, asset management, business development, financing, and construction management. With this expansion, the company continues to strengthen its Texas footprint while deepening its commitment to managing affordable housing communities with care, accountability, and long-term operational focus.
More information about the properties can be found at their respective websites: Rosemont of Lancaster, The Mondello, Rosemont at Ash Creek, The Positano, Brookside Gardens, Park at Humble, Costa Almadena, and Tigoni Villas.
