March 1st, 2019
The 178-unit complex sold for $31,293,200 or $176,366 per unit, according to public record documents. Originally constructed in in 1966, the rental property consists of one-bedroom/one-bath units to four-bedroom/two-bath units, with sizes ranging being between 780 to 1621 square feet. At the time of sale the property was approximately 88% ...
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February 15th, 2019
The principals of Advantage Properties and Cove Property Management purchased the portfolio from a joint-venture between Feldman Bergin Properties and Fortified Property Group for $9.95 million. “We are pleased with the Oakland Ridge acquisition as these properties are expected to generate substantial cashflow over time. The properties are well-positioned in ...
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November 6th, 2018
The board of directors of the Maryland Multi-Housing Association, which represents providers of rental housing and professional residential services, elected new officers for the 2018-2019 fiscal year. Stephen Margerum, founder and principal of Cove Property Management LLC, will serve as president of the board. Also, Patrick Butler, vice president with Bozzuto Management Company, ...
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October 11th, 2018
Gardens of Annapolis, a premiere senior living community in Anne Arundel County, was awarded the Silver Star Award for Active Adult Community of the Year at the Maryland Multi Housing Association’s (MMHA) 22nd Annual Star Award Banquet on Thursday, October 11, 2018 at Martin’s West. Since 1997, MMHA has recognized ...
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July 5th, 2018
The results are in and Cove Property Management wins Best Property Management Firm. More than 1,400 nominations were collected during The Daily Record 2018 Readers Ranking nomination period in March. The winners were determined by more than 12,600 votes cast from April 30 to May 14. “The Daily Record’s ...
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April 23rd, 2018
On April 7th, 2018 the Villas at Greenview, a townhome community managed by Cove Property Management hosted a fundraiser to raise money for Great Mills High School shooting victim Desmond Barnes. Barnes and his family have been long time residents of the Villas at Greenview, which is a very tight knit ...
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December 26th, 2017
We are proud to announce that Caitlin Shrum of Cove Property Management has received her ARM designation and pin during the IREM Chapter 16 December meeting. Catilin has worked tirelessly as Assistant Manager of Villas at Greenview and Park Villas in St. Mary's county since 8/1/2013. The ARM designation, which is ...
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December 6th, 2017
The Maryland Multi-Housing Association, which represents providers of rental housing and professional residential services, has elected officers for its board of directors. Keith Gillan, president of Murn Management, was elected president of the board. Stephen Margerum, founder of Cove Property Management, is the new vice president; Steve Weidner, president of Carpet Consultants, is now treasurer; and Patrick ...
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November 15th, 2016
Cove Property Management (Cove) and Advantage Properties (Advantage) announced the acquisition of the eaves Rockville, a 210-unit townhome/apartment community in Rockville, adding to their growing portfolio of properties they own and manage in the Baltimore-Washington, DC metro area. The residential complex, which will be renamed Villas at Rockville, represents their ...
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October 21st, 2016
On October 21st, Stephen Margerum was honored at the Institute of Real Estate Management (IREM®) Fall Conference in San Diego with its Professional Achievement Award. The award recognizes individuals who have earned an IREM-conferred credential who (1) have continued on with their professional development activities and (2) have realized outstanding ...
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