Leon Capital Selects Roscoe Property Management for Leasing and Management of New North Dallas Multi-Family Community

AUSTIN, TX (June 20, 2019) – Leon Capital, owner and developer of Society 190, a 415-unit community in Richardson, has awarded management to Roscoe Property Management (RPM). According to RPM President, Jason Berkowitz, Leon Capital selected RPM for this assignment due to RPM’s experience in luxury property leasing and management throughout the Southwest. The North Dallas market has seen an uptick in absorption and rents over the last six months and Leon Capital’s project is poised to take advantage  of the expanding  employment in the area. New Companies moving their office headquarters to North Dallas include Dallas Cowboys, Toyota, FedEx, State Farm and Texas Health Resources. The community will feature top-of-the-market interior finishes and amenities such as multiple fitness centers, an impressive wet deck and infinity pool, a 1.5-acre public park with art installations, new eateries and retail spaces, as well as a dog park; it begins leasing this month. Berkowitz added that RPM was also awarded the management of two additional Leon Capital communities: Magnolia Station, located in Victory Park in Dallas, and Hillstone River Walk, located in Flower Mound, Texas.

RPM is expanding its portfolio in Dallas and is scheduled to move into their new Dallas Regional Office, located at The Union in Uptown, in August. Berkowitz added that Crow Holdings has awarded RPM the management over their Frisco 430-unit community, Sonsrena, and their 125-unit Uptown Dallas community, The Dylan.

The property management company now has approximately over 3,000 units in DFW, and currently manages 140 communities representing 30,000 multifamily units across Texas, Florida, Colorado, Ohio, and Kentucky.

This RPM growth in the DFW region couldn’t come at a better time. Indeed, the submarket surrounding Oak Cliff, along with the West Dallas restaurant community of Trinity Groves, experienced a yearly apartment rental rate growth of 12.6% over the past three months, which is the largest increase experienced among all DFW’s 37 submarkets. Furthermore, a total of 111 apartment communities are under construction across DFW, with 32,000 units planned.

Another 82 communities with a combined unit total of 37,000 are in the proposal stage.  Uptown Dallas continues to develop as a primary business hub due to its central location, high quality office space at premium rents, and its walkable environment.

 

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: max.reinbach@rpmliving.com  | 512-505-0982

 

ABOUT LEON CAPITAL 

Leon Capital Group is an investment company with a focus on real estate. The company acquires, finances and develops assets across a diversified portfolio that yields attractive returns for its investors. With a focus on retail, multi-family, residential development and self­ storage properties, Leon Capital Group has successfully overseen more than 300 investments, representing a total capitalization of more than $3 billion. Based in Dallas, the company has a vision of redefining real estate investing and transforming communities throughout the United States and around the globe.

For additional information, visit https://leoncapitalgroup.com/


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