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  5. ›RFP #2401 - PROPERTY MANAGEMENT SERVICES FOR CCL…

Awarded contract·Housing Opportunities Commission of Montgomery County·Maryland

RFP #2401 - PROPERTY MANAGEMENT SERVICES FOR CCL MULTIFAMILY LLC

Won by Edgewood Management Corporation, Inc$800kAwarded 7/10/2024Single Award
Contract source

Awarded vendors

  • Edgewood Management Corporation, Inc

Description

This contract awards Edgewood Management Corporation, Inc. two separate agreements (24‑2407A and 24‑2407B) to provide comprehensive property management services for CCL Multifamily LLC’s portfolio of multifamily housing. The work includes day‑to‑day operations, tenant relations, maintenance coordination, financial reporting, and compliance with local housing regulations. The agency issuing the contract is identified via the hocmc.org email domain, though its formal name is not disclosed. award date was July 10 2024. • Scope: Full‑service property management for multifamily residential assets. • Vendor: Edgewood Management Corporation, Inc (single award, two contract numbers). • Timeline: Awarded July 10 2024; start and end dates not specified. • Contact: Contract Administrator – Ali Ozair ([email protected]); Procurement – [email protected].

Attached files

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

Key dates

Intent to award
7/10/2024
Awarded
7/10/2024

Last updated

Details

Award type
Single Award
Procurement
Full and Open Competition
Industry
Real Estate
NAICS
531311
Solicitation №
RFP #2401

Contract value

$800,000

The document does not disclose a monetary value. However, typical property‑management contracts for multifamily portfolios range from $200 k to $5 M annually, depending on portfolio size, service scope, and market rates. Assuming CCL Multifamily LLC oversees a mid‑size portfolio (approximately 200–300 units) and that the contract covers a one‑year term with a standard management fee of 4–6 % of gross rental income, an estimated contract value would fall near $500 k to $1 M. Considering the dual‑award structure (A and B) likely splits the work or represents separate phases, a reasonable ballpark total for both contracts together is roughly $800 000.

AI estimate from the award documents

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