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  5. ›RFP #2140 - PROPERTY MANAGEMENT

Awarded contract·Housing Opportunities Commission of Montgomery County·Maryland

RFP #2140 - PROPERTY MANAGEMENT

Won by CAPREIT RESIDENTIAL MANAGEMENT, LLC +1 more$2MAwarded 7/1/2019Multiple Award
Contract source

Awarded vendors

  • CAPREIT RESIDENTIAL MANAGEMENT, LLC
  • EDGEWOOD MANAGEMENT CORPORATION

Description

This award is a property‑management services contract issued by Howard County, Maryland, covering multiple residential and mixed‑use properties. The procurement was competitive and resulted in two vendors receiving separate contract numbers for distinct property groups. The work includes day‑to‑day building operations, tenant relations, maintenance coordination, financial reporting, and compliance with local regulations. • CAPREIT RESIDENTIAL MANAGEMENT, LLC will manage Westwood Towers and Green Hills Apartments. • EDGEWOOD MANAGEMENT CORPORATION will manage Georgia Court, Stewardown Homes, Alexander House, Glenmont Crossing, and Cider Mill. • The contract framework is fixed‑price, intended to provide ongoing management services for the awarded properties, with no explicit term or renewal language disclosed.

Attached files

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

Key dates

Intent to award
7/1/2019
Awarded
7/1/2019

Last updated

Details

Award type
Multiple Award
Procurement
Full and Open Competition
Industry
Real Estate
NAICS
531311
Solicitation №
RFP #2140

Contract value

$2,000,000

The document does not disclose monetary values. Typical property‑management contracts for residential complexes range from $100K to $300K per property per year, depending on size and service scope. With eight properties, a rough midpoint estimate would be $200K × 8 = $1.6 million annually. Assuming a one‑year base term (the most common for such agreements) the total contract value would be in the vicinity of $1.5–2.0 million. Therefore a reasonable ballpark is approximately $2 million.

AI estimate from the award documents

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