Multifamily leaders Austin, Texas-based RPM and Atlanta-based CF Real Estate Services have merged to create a national footprint with more than 84,000 units in 17 states.
The combined organization will include more than 1,800 employees with nine regional offices in Charleston, South Carolina; Chicago; Dallas; Denver; Houston; Phoenix; San Antonio; Tampa, Florida; and Washington, D.C. The main headquarters will be located in Austin, with the regional headquarters in Atlanta.
“We are proud to merge the CF Real Estate Services brand with RPM to create one property management platform that will leave a lasting mark on the multifamily industry,” said Jason Berkowitz, president and founder of RPM, formerly known as Roscoe Property Management. “We are forging a strong entrance into the Southeast and Midwest markets backed by an exceptional portfolio.”
According to Berkowitz, the combined organization will operate under the RPM brand nationally, with leaders from both companies forming a collective executive team to help continue the shared alignment of a “people-first culture.” The merger also expands the combined geographic reach, strengthens the organization, and provides significant opportunities for the future.
“As one of the few firms operating in nearly all major U.S. growth markets, we have become a powerhouse at the forefront of the multifamily industry,” he added.
CF Real Estate Services was founded in 2004 by Byron Cocke and Brett Finkelstein. As a result of strategic mergers and organic growth, its portfolio of institutional quality assets includes more than 26,000 units, including its student housing division, Campus First, which operates in major collegiate markets across the nation.
“Our combined operational scale and geographical presence will allow us to provide outsized value to our clients, investors, and partners,” said Finkelstein, CEO of CF Real Estate Services.
RPM, founded in 2002 and ranked No. 42 on the NMHC’s list of top apartment managers in 2020 with 38,035 units managed, added more than 19,000 units organically to its portfolio last year. It expanded to more than 58,000 units prior to the CF Real Estate Services merger and already had grown in Arizona, Colorado, Florida, and Wyoming. It also is one of the largest multifamily management companies in Texas.
“Our growth has been a result of a focus on best practices and how to best serve our clients on a broader and deeper level while at the same time allowing tremendous opportunities for our associates across additional verticals and new markets,” added Hank Farrell, principal at RPM.
