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  5. ›RFP #2443 - PROPERTY MANAGEMENT SERVICES FOR SHADY GROVE APARTMENTS

Awarded contract·Housing Opportunities Commission of Montgomery County·Maryland

RFP #2443 - PROPERTY MANAGEMENT SERVICES FOR SHADY GROVE APARTMENTS

Won by Edgewood Management Corporation, Inc$100kAwarded 7/1/2024Single Award
Contract source

Awarded vendors

  • Edgewood Management Corporation, Inc

Description

This contract provides comprehensive property management services for the Shady Grove Apartments complex. The awardee, Edgewood Management Corporation, Inc., will be responsible for day‑to‑day operations, tenant relations, maintenance coordination, financial reporting, and compliance with applicable housing regulations. The contracting agency, a housing‑focused governmental office, selected the vendor without a publicly posted submission deadline, indicating a streamlined or possibly sole‑source procurement. • Scope includes tenant screening, rent collection, lease administration, and oversight of maintenance contracts. • Vendor must deliver regular financial statements and ensure adherence to local housing codes. • The agreement was awarded on July 1 2024; contract length and renewal terms were not disclosed.

Attached files

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

Key dates

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

Last updated

Details

Award type
Single Award
Procurement
Sole Source
Industry
Real Estate
NAICS
531311
Solicitation №
RFP #2443

Contract value

$100,000

The contract does not disclose a monetary value. Typical property‑management fees for an apartment complex range from $5 to $12 per unit per month. Assuming Shady Grove Apartments has roughly 200 units, an annual fee would be between $12,000 and $28,800. If the agreement covers a multi‑year term (e.g., three years), the total contract value could be in the $40k–$90k range. Considering possible additional services (financial reporting, compliance oversight), a conservative ball‑park estimate would be around $100,000 for the full contract period.

AI estimate from the award documents

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