AUSTIN, TX – Paving the path for continued aggressive growth in 2021, Austin, TX-based RPM (formerly known as Roscoe Property Management) and Atlanta-based CF (CF Real Estate Services) announced they have merged making a national multifamily footprint with over 84,000 units across 17 states.
The combined organization will have more than 1,800 employees with nine regional offices located in Charleston, Chicago, Dallas, Denver, Houston, Tampa, Phoenix, San Antonio, Washington D.C., a regional headquarters in Atlanta and its main headquarters located in Austin, Texas.
We are proud to merge the CF Real Estate Services brand with RPM to make one property management platform that will leave a lasting mark on the multifamily industry, said Jason Berkowitz, President and founder of RPM. We are forging a strong entrance into the Southeast and Midwest markets backed by an exceptional portfolio. This merger truly expands our geographic reach, strengthens our organizations, and provides significant opportunities for the future. While we will operate under the RPM brand nationally, leaders from both companies have formed a collective executive team that will guide the organization under our shared alignment of a ‘people-first culture . As one of the few firms operating in nearly all major US growth markets, we have become a powerhouse at the forefront of the multifamily industry.
CF Real Estate Services was founded in 2004 in Atlanta, Georgia by co-founders Byron Cocke and Brett Finkelstein. As a result of strategic mergers and organic growth over the last 17 years, their portfolio of institutional quality assets comprises over 26,000 units, including its student housing division, Campus First, which operates in major collegiate markets throughout the country.
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.
Founded in 2002, RPM added over 19,000 units organically to its portfolio in 2020 expanding to over 58,000 units (prior to the CF merger) and had already grown into Arizona, Colorado, Wyoming and Florida. RPM is one of the largest multifamily management companies in Texas and is a NMHC Top 50 Manager in the nation.
Our growth has been a result of a focus on best practice 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, said Hank Farrell, Principal at RPM.

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HOUSTON, TX – Bodka Creek Capital has bought Terraces Apartments, a 240-Unit Class C Multifamily Complex in Texas City, Texas, for $17.6 million, marking the Houston-based real estate firm’s continued expansion.
Terraces@2602 is the first acquisition for Bodka in 2021, following the close of two complexes in 2020. Bodka currently manages a $24 million commercial real estate portfolio with over 300 multifamily units really nearly 300,000-square feet. The acquisition positions Bodka as the largest African American Woman owned real estate investment firm in Texasand among the Top 3 nationwide. The firm will pursue increasingly larger value-add opportunities across the Southeast with a Texas emphasis.
Located at 2602 21st Street N, the 164,614-square foot Terraces@2602 was 99 percent leased at closing. The property, one of the most desired in Texas City, features two sparkling swimming pools, onsite laundry facilities, a resident dog park, and reserved parking. With over 10.5 acres, the silent community has ample space for individuals and families to delight in.
While Bodka invests in urban and suburban markets, they were drawn to the attractive risk/reward fundamentals of this Houston submarket, according to Founder & Managing Partner Allyson M. Pritchett.
“Terraces is a stabilized multifamily property with several significant value-add opportunities in one of the fastest growing submarkets in Houston,” said Pritchett. “We were able to secure the asset at an attractive cap rate and at a price substantially below appraisal value. We look forward to buying as many deals with this kind of profile as there are opportunities to do so.”
Investment Partners included Pritchett’s brother, Theodore E. Pritchett III, as well as Daniel Hamann and Graham Crain, who also partnered on Gulfwind Apartments. Naval Sehgal, Ash Shah, and Brian Pope rounded out the partnership.
Jonathan Paine and Tom Fish of Walker & Dunlop’s Houston Office and David Kwitman of Ready Capital’s New York Office secured the debt. Matt Saunders of NKF’s Houston Office represented the seller.

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DALLAS, TX – A joint venture between a subsidiary of Cantor Fitzgerald Income Trust and affiliates of Cantor Fitzgerald, L.P. and CAF Management, bought a 304-unit Class A multifamily property known as Keller Springs Crossing located in Carrollton, a submarket of Dallas, TX. The acquisition closed February 25, 2021 and is the third multifamily acquisition by joint ventures between Cantor Fitzgerald sponsored companies and CAF in the greater Dallas area.
The property is strategically located near Dallas North Tollway and President George Bush Turnpike, with simple access to DFW international Airport and major employment centers including the Platinum Corridor, Telecom Corridor, I-90 Corridor, and the Dallas Central Business District. Nearby downtown Carrollton offers commuters multiple light rail transit options with Dallas Area Rapid Transit (DART) and service to Denton using the Denton County Transportation Authority (DCTA). In addition, Keller Springs Crossing is minutes from world-class shopping and premier country clubs along with gorgeous parks and wooded areas.
“The property is a high-quality and well-located asset in a submarket that has remained strong throughout the pandemic,” said Chris Milner, President of CF Income Trust. “Research shows that demand in the DFW multifamily market over the last 12 months has been the highest in the country making this an attractive addition to our growing real estate platform” added Jay Frank, COO at Cantor Fitzgerald Investment Management.
Built in 2015, the property features 13 different floor plans with an average unit size of 841 square feet. Community amenities include a fitness center, resort-style swimming pool, game room, business center, and a pet park. As of February 24, 2021, the property was 92.4% leased, which is consistent with the Carrollton submarket that averaged 93.8% occupancy during Q3 2020.
“We are thrilled to continue our partnership with Cantor Fitzgerald on this acquisition, which represents a high-quality asset in a fantastic location that we hope will make value for investors” said Chris Faulkner, CEO of CAF Management.”
Cantor Fitzgerald’s real estate investment management portfolio currently includes 4,325 multifamily units in addition to over 6.8 million square feet of office, industrial, and retail space across 116 properties. In 2020, Cantor Fitzgerald participated in more than $72.3 billion of total real estate transactions.

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