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  5. ›RFP #2408 - PROPERTY MANAGEMENT SERVICES FOR DIAMOND…

Awarded contract·Housing Opportunities Commission of Montgomery County·Maryland

RFP #2408 - PROPERTY MANAGEMENT SERVICES FOR DIAMOND SQUARE APARTMENTS

Won by Edgewood Management Corporation, Inc$2MAwarded 7/1/2024Single Award
Contract source

Awarded vendors

  • Edgewood Management Corporation, Inc

Description

This contract awards Edgewood Management Corporation, Inc. the responsibility for providing comprehensive property management services to the Diamond Square Apartments complex. The scope includes day‑to‑day operations, tenant relations, maintenance coordination, financial reporting, and compliance with applicable regulations. The award was made on July 1 2024 under contract number 24‑2408, with the contract administrator Ali Ozair serving as the primary point of contact. • Vendor: Edgewood Management Corporation, Inc. • Services: Full‑service residential property management for Diamond Square Apartments. • Award Date: July 1 2024; contract number 24‑2408.

Attached files

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

Key dates

Intent to award
7/1/2024
Awarded
7/1/2024

Last updated

Details

Award type
Single Award
Procurement
Full and Open Competition
Industry
Real Estate
NAICS
531311
Solicitation №
RFP #2408

Contract value

$2,000,000

No contract value is disclosed. Property‑management contracts for mid‑size apartment complexes typically range from $0.5 million to $2 million annually, depending on the number of units and service scope. Assuming Diamond Square Apartments comprises roughly 200 units and applying an industry‑average management fee of ~5 % of gross rental income (estimated at $200,000 per unit per year), the annual fee would be about $2 million. Therefore a reasonable ball‑park estimate for this contract’s value is approximately $2 million for the contract term.

AI estimate from the award documents

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