Roscoe Property Management (RPM) has expanded its footprint into the Arizona market through a merger with Phoenix-based Maverick Residential and the opening of a new regional office in Phoenix. The firm, which ranks No. 42 on the National Multifamily Housing Council’s 2020 top apartment managers list, has plans to aggressively expand its Southwest portfolio.

Jason Berkowitz, founder and president, RPM
Olympia Sobande Jason Berkowitz, founder and president, RPM

Through the merger, RPM will acquire Maverick’s Phoenix multifamily properties with 1,750 units and will grow to 1,100 team members overseeing a portfolio of more than 200 communities with 49,000 units across Arizona, Colorado, Florida, and Texas, according to the firm.

“The Phoenix metro area has been part of our long-term nationwide growth plan, and this merger with Maverick Residential was a pivotal step in building our presence in the Arizona market,” said Jason Berkowitz, CEO and founder of the Austin, Texas-based RPM. “In Maverick, we see an impressive team with similar core values, a focus on innovative technology, and a ‘people-centered’ approach to property management.”

RPM’s new Phoenix-based executive team will be led by executive vice president Rachel Davidson, who will utilize her close to 30 years of experience in property management to oversee the firm’s national strategy. The rest of the team includes Scott Pechersky, senior vice president of technology; Alex Vance, vice president of marketing; and former Maverick Residential president Jeff Krohn, who will continue to oversee the organization’s portfolio under RPM as vice president of operations in the Southwest region.

“When I started Maverick Residential, I promised our team that we would always maintain a ‘people-first’ mentality and prioritize opportunities for career growth,” said Krohn. “In merging with RPM, we are able to expedite on a much larger scale while providing operational excellence for our residents, investors, and associates. The strategic alignment of RPM and Maverick will bolster the core strengths of both organizations who lead with a cultural mantra of placing our employees first.”

RPM started its venture into Arizona earlier this year when it took over property management of The District a Scottsdale, a 332-unit luxury community in North Scottsdale.

Founded in 2002 by Berkowitz, the full-service multifamily property management company has been rapidly expanding its nationwide platform. In 2019, it added more than 50 multifamily communities to its portfolio.

“RPM will continue to rapidly expand, not only in number of units but into new markets across the country,” Berkowitz told Multifamily Executive this spring. “We are in an environment where the expectations from our clients, residents, and employees have never been higher.”