(Save the date: RealShare New York comes to the Grand Hyatt, New York, NY, October 9.)

NEW YORK CITY-The management arm at Peter Cooper Village/Stuyvesant Town is changing hands—again. According to a letter to residents obtained by GlobeSt.com, Denver-based multifamily management firm CompassRock Real Estate LLC has been appointed as property manager for the 11,250-unit, multi-building complex, replacing current property manager Rose Associates after a two-year stint. The change will be effective Sept. 1.

CompassRock is a subsidiary of CW Capital Financial Services, the parent company of CW Asset Management – the same special servicing firm that took control of the asset in 2010. People familiar with the transition say that the changes are part of a greater effort to stabilize the property, streamline management services and increase efficiencies, and is not related to the performance of Rose Associates.