RangeWater Residential launches as independent national property manager

By AI, Created 10:20 AM UTC, May 20, 2026, /AGP/ – RangeWater Residential has spun out from RangeWater Real Estate into a standalone, technology-focused property management platform based in Atlanta. The company also named Glenn Mathis chief executive and secured backing from an investment firm with more than $7.5 billion in assets under management.

Why it matters: - RangeWater Residential is now a standalone platform, giving the company more control over technology investment, operations and national expansion. - The move comes as the multifamily property management market evolves and owners look for more specialized third-party service providers. - The company ranks among the NMHC Top 25 largest property managers in the United States, giving the carveout immediate scale and market visibility.

What happened: - RangeWater Residential announced its emergence as an independent, national property management platform after a strategic carveout from RangeWater Real Estate. - The Atlanta-based company named Glenn Mathis chief executive officer and board member. - RangeWater also appointed Rick Graf to the board. - Steven Shores, who co-founded RangeWater in 2006 with Marc Pollack, remains chairman and CEO of RangeWater Real Estate and continues as a RangeWater Residential board member and investor. - RangeWater said it secured backing from a leading investment firm with more than $7.5 billion in assets under management.

The details: - RangeWater Residential provides leasing and operations, property accounting, dedicated marketing, insurance and risk management, and technology services. - The company serves multifamily communities across the country. - RangeWater built its reputation on third-party multifamily property management and long-term institutional client relationships. - Mathis previously led one of the country’s largest managed IT services platforms as CEO. - RangeWater says Mathis brings experience scaling service businesses and building high-performance cultures. - The company says it wants to invest aggressively in disruptive technology and talent under the new structure. - RangeWater says the new platform will improve the experience for clients, residents, frontline employees and communities. - The company website is More information.

Between the lines: - The carveout appears designed to sharpen RangeWater’s focus on property management rather than the broader real estate platform. - The addition of a CEO with a services and technology background signals a push to operate more like a scaled operating company than a traditional property manager. - The investment backing suggests RangeWater has capital support for growth, hiring and tech upgrades.

What’s next: - RangeWater is expected to use its new independence to expand nationally and deepen investment in technology and talent. - The company is also seeking partnership opportunities with property management firms. - Interested firms can reach RangeWater at partnerships@liverangewater.com.

The bottom line: - RangeWater is betting that independence, fresh leadership and new capital will help it grow faster in a competitive multifamily property management market.