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  5. ›RFP #2420 - PROPERTY MANAGEMENT SERVICES FOR ARCOLA TOWERS…

Awarded contract·Housing Opportunities Commission of Montgomery County·Maryland

RFP #2420 - PROPERTY MANAGEMENT SERVICES FOR ARCOLA TOWERS APARTMENTS

Won by Edgewood Management Corporation, Inc$250kAwarded 1/1/2024Single Award
Contract source

Awarded vendors

  • Edgewood Management Corporation, Inc

Description

This contract awards Edgewood Management Corporation, Inc. the responsibility for comprehensive property‑management services at the Arcola Towers Apartments. The scope includes day‑to‑day operations, tenant relations, maintenance oversight, financial reporting, and compliance with local housing regulations. The agency overseeing the award is the Houston Office of Contract Management, and the contract was officially awarded on January 1 2024. • Full‑service property management for a multi‑unit residential complex • Vendor tasked with maintenance coordination, rent collection, and tenant services • Awarded by a municipal agency (Houston Office of Contract Management) with no public bidding deadline disclosed

Attached files

The award documents live at the source — open the contract source above to download them.

Key dates

Intent to award
1/1/2024
Awarded
1/1/2024
Starts
1/1/2024

Last updated

Details

Award type
Single Award
Industry
Real Estate
NAICS
531311
Solicitation №
RFP #2420

Contract value

$250,000

No explicit dollar amount is listed. Typical property‑management contracts for mid‑size apartment complexes (≈50–100 units) in Texas range from $150 k to $300 k annually, depending on service scope and building size. Assuming a moderate‑size complex and a full‑service, annual contract, a reasonable ballpark estimate is about $250,000 for the initial term. This estimate accounts for labor, oversight, maintenance coordination, and administrative reporting.

AI estimate from the award documents

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