B/K Multifamily’s property management subsidiary, B/K Multifamily Services (fka LBK Management), will be integrated into and grown by Roscoe Property Management.
AUSTIN, TX (October 8, 2019) – B/K Multifamily (bkmulti.com), a nationally recognized multifamily owner and operator, announced that its property management division, B/K Multifamily Services (fka LBK Management) will be integrated into Roscoe Property Management. Since 1998, B/K Multifamily Service has managed over 40,000 units from coast-to-coast, ranging from core multifamily assets to affordable housing. The property management arm of B/K Multifamily has developed an impressive track record with well-known institutional investors, funds, and family offices.
Mark Beneke, a Principal at B/K Multifamily said “B/K Multifamily Services’ success has always been driven by the tremendous dedication of its people, strength of leadership, and market insight. With that in mind, we evaluated a large number of property management companies to work with and were enthusiastic to finally find Roscoe Property Management (RPM). RPM’s entrepreneurial spirit, strength of leadership, and national insight provides a unique platform in which to integrate key personnel and core assets from B/K Multifamily Services. In doing so, we know we are better positioned to address the rigorous demands of lease-ups, core assets (high-rise/mid-rise), and value-add opportunities. This integration will allow B/K Multifamily to focus on our core acquisition and asset management businesses, while knowing that our property management operations are backed by RPM’s market leading systems and personnel.”
Because of RPM’s experience and success in the Texas Market, these community additions complemented the existing portfolio perfectly. Indeed, in the DFW region, the portfolio includes Garden Gate in Fort Worth and Plano, Alaqua at Frisco, Hidden Creek, and Lebanon Ridge. In the Houston region, RPM will manage Holly Creek, Wood Glen, Cobblestone Park (Phase I & II), Kensington Crossings, and Park Avenue at Boulder Creek. Casa Bella on Westshore in Tampa, FL will also be joining the RPM portfolio.
Roscoe Property Management (rpmliving.com) was founded by Jason Berkowitz in 2002 with a vision of growing a market leading, sustainable management company utilizing best practices. Today, RPM is the 3rd largest multifamily management company in Texas and has rapidly been expanding its’ nationwide platform. “The integration of B/K Multifamily Services’ core portfolio is a significant step in growing the RPM platform,” said Berkowitz. “While we are thrilled to grow our management portfolio, we are even more excited about the dynamic team members who will be joining the RPM family.
B/K Multifamily Services’ dedication to its team members is very much aligned with our company’s support and commitment to individuals and their long-term growth.” “Our excellent training and leadership were a major factor in B/K’s decision to partner with RPM, out of the several companies being considered.” Many of the B/K Multifamily Services team members have been retained by Roscoe Property Management, including Senior Regional Managers Jennifer Haney and Bradley Spencer. With the integration of B/K Multifamily Services, RPM has added 50 communities to its portfolio across the country this year. The strategic alignment of B/K Multifamily and Roscoe Property Management will bolster the core strengths of both organizations.
ABOUT B/K MULTIFAMILY
B/K Multifamily (B/K) is a national real estate investment firm founded in 1992 whose business focuses on the development and acquisition of apartment communities and land. B/K Multifamily develops multifamily properties in upscale locations, which command strong rents assured by natural constraints to other development in the submarket. The firm also invests and adds value by repositioning properties through capital and managerial improvements. The company’s financial expertise includes conventional financing as well as tax-exempt bonds, including private purpose, 80/20, and 501(c)(3) bonds. The firm’s success is driven by its strong platform, which includes equity capital, financing expertise, and operating talent.
For additional information please visit www.bkmulti.com
ABOUT B/K MULTIFAMILY SERVICES
B/K Multifamily Services (fka LBK Management), is a subsidiary of B/K Multifamily, focused on managing and enhancing the multifamily assets of B/K Multifamily and other third-party owners. Since 1998, B/K Multifamily Services managed 40,000 units from coast-to-coast, ranging from core multifamily assets to affordable housing. The company developed an impressive property management track record with institutional investors, Wall Street firms, and a number of private equity groups.
ABOUT ROSCOE PROPERTY MANAGEMENT
Roscoe Property Management (RPM), is a full-service multi-family property management company. RPM collaborates with real estate investors, partnerships, and institutional clients, to manage each community based on the specific client’s needs. RPM has extensive experience managing quality suburban, urban, and luxury multifamily buildings. Our mission is to enhance our clients’ investments and create quality living environments for our residents.
In addition to property management, RPM offers comprehensive pre-acquisition due diligence services, and project management supervision services.
For additional information, visit www.rpmliving.com
For inquiries, please contact:
Max O. Reinbach, III, Vice President, Client Services: firstname.lastname@example.org | 512-505-0982