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  5. ›RFP #2453 - PROPERTY MANAGEMENT SERVICES FOR RAD6 PORTFOLIO & CAMP…

Awarded contract·Housing Opportunities Commission of Montgomery County·Maryland

RFP #2453 - PROPERTY MANAGEMENT SERVICES FOR RAD6 PORTFOLIO & CAMP HILL SQUARE

Won by Edgewood Management Corporation, Inc$5MAwarded 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 for the RAD6 portfolio and Camp Hill Square. The work includes day‑to‑day operations, maintenance oversight, tenant relations, financial reporting, and compliance with applicable regulations for a mixed‑use property portfolio. • Scope covers full‑service management of residential, commercial, and mixed‑use assets within the specified portfolio. • Vendor will act as the single point of contact for all operational, maintenance, and financial functions. • The award originates from a county‑level government agency, indicating public‑sector oversight and compliance requirements.

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
Custodial and Facilities Services
NAICS
531311
Solicitation №
RFP #2453

Contract value

$5,000,000

The document does not disclose a monetary value. Property management contracts for a sizable portfolio (multiple residential, commercial, and mixed‑use units) typically range from a few hundred thousand dollars annually to several million dollars, depending on the number of units, service intensity, and geographic location. Assuming the RAD6 portfolio comprises roughly 200–300 units and applying a standard industry management fee of 5‑7% of an estimated annual gross rent of $60‑$80 million, the contract value would likely fall between $3 million and $5.6 million for a one‑year term. Given the lack of explicit term length, a midpoint estimate of $5 million is reasonable.

AI estimate from the award documents

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