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  5. ›RFP #2413 - PROPERTY MANAGEMENT SERVICES FOR FOREST OAK…

Awarded contract·Housing Opportunities Commission of Montgomery County·Maryland

RFP #2413 - PROPERTY MANAGEMENT SERVICES FOR FOREST OAK TOWERS

Won by Habitat America, LLC$750kAwarded 1/1/2024Single Award
Contract source

Awarded vendors

  • Habitat America, LLC

Description

This contract awards Habitat America, LLC the responsibility for comprehensive property management services at the Forest Oak Towers complex. The scope covers day‑to‑day operations, maintenance coordination, tenant relations, financial reporting, and compliance with applicable housing regulations. The agency retains oversight through designated contacts, ensuring that the vendor delivers consistent, high‑quality services throughout the contract term. • Property‑management duties include routine maintenance, vendor oversight, and tenant communications. • Financial responsibilities encompass budgeting, rent collection, and detailed reporting to the agency. • Compliance requirements address local housing codes, safety standards, and any specific agency policies.

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

Last updated

Details

Award type
Single Award
Procurement
Sole Source
Industry
Real Estate
NAICS
531311
Solicitation №
RFP #2413

Contract value

$750,000

The contract does not disclose a monetary value. Based on typical market rates for comprehensive property‑management of a mid‑size residential tower (e.g., 100–150 units) and assuming an annual management fee of roughly 5–10 % of gross rent, a three‑year contract could range between $400,000 and $1,200,000. Factoring in possible ancillary services (maintenance coordination, compliance reporting) pushes the estimate toward the higher end. Therefore a reasonable ballpark is approximately $750,000 for the full contract period.

AI estimate from the award documents

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