January 28th, 2015

Cove Property Management Adds Prestigious Mt. Vernon Address to Its Select Portfolio

Cove Property Management announced the acquisition of  the Queen Anne Belvedere, a historic mixed-use building in Baltimore’s historic Mount Vernon neighborhood, to its growing list portfolio of select properties in the Baltimore-Washington, DC metro area. The building consists of 76- apartments and 8 retail spaces adding exclusive food and beverage amenities, as well as a salon, in Mount Vernon.  The building is conveniently located next to the University of Baltimore, close to Penn Station and provides easy access to the I-83 corridor.

“This acquisition allows us to strengthen our portfolio of one-of-a-kind properties located in Baltimore City.  In addition to its convenient location, the building offers apartments which include multi-level living with private entrances on Charles Street adding to the charm and distinctiveness of the building,” noted Stephen Margerum, CPM®, Principal of Cove Property Management.

Cove Property Management, headquartered in Annapolis, MD, is an Accredited Management Organization® (AMO®) that provides residential property management services including accounting, human resources, marketing, construction management, asset management, due diligence and consulting. The company’s current portfolio consists of multi-family apartment communities and properties in Baltimore City/County, MD, Anne Arundel County, MD, Prince George’s County, MD, St. Mary’s County, MD and the Washington, DC metro area. Cove’s apartment portfolio includes market rate, affordable, senior, student and fee-managed assets. We approach each investment from an owner’s perspective because we are owners.