Business Details
18 Years
experience
Premier Property Management Services in Annapolis
Cove Property Management is an award-winning, vertically integrated real estate investment firm founded in 2008 by Stephen Margerum and Douglas Margerum, both Certified Property Managers (CPM). With over 15 years of combined experience, we specialize in managing multifamily apartments, commercial office spaces, retail properties, and mixed-use developments across Maryland, Washington D.C., New Jersey, North Carolina, South Carolina, and Virginia. Our team of accredited professionals adheres to the rigorous standards of the Accredited Management Organization (AMO) and the Institute of Real Estate Management (IREM), ensuring exceptional service and ethical practices. We focus on enhancing property value through hands-on management, strategic capital improvements, and a commitment to exceeding investor and resident expectations. Our portfolio includes over 2,000 multifamily units, 100,000 sq.ft. of commercial space, and 16,000 sq.ft. of retail areas, reflecting our expertise in diverse real estate markets.We prioritize teamwork, innovation, and community engagement, as demonstrated by our Cove Cares initiatives and industry recognition. Our leadership team, including certified professionals with decades of experience, drives operational excellence and fosters a culture of continuous professional development. We maintain transparency in financial reporting, investor relations, and property management practices while adhering to equal housing opportunity principles. Our track record of stability, fiscal responsibility, and award-winning service positions us as a trusted partner in real estate asset management.
Services
Property Management
Commercial Management
Asset Management
Investor Relations
Construction Management
Details
- Year established: 2008
Highlights and features
- We have over 15 years of experience in multifamily and commercial property management.
- Our team includes Certified Property Managers (CPM) and Accredited Residential Managers (ARM).
- We manage over 2,000 multifamily units and 100,000 sq.ft. of commercial space regionally.
- We adhere to the AMO Code of Professional Ethics and IREM standards.
- Our leadership team has won multiple industry awards for management excellence.
Associations and certifications
- Accredited Management Organization (AMO)
- Institute of Real Estate Management (IREM)
What people say
Exceptional customer service
Award-winning communities
Dedicated team
Prime locations
Transparent management
Services
Property Management
Cove Property Management provides comprehensive oversight for residential and commercial properties. Our services include tenant relations, maintenance coordination, financial reporting, and compliance management. We specialize in multifamily apartments, retail centers, and office spaces, ensuring optimal returns for property owners. Our certified professionals implement best practices to maintain property value and resident satisfaction.
Commercial Management
We manage commercial properties including office buildings, flex warehouses, and retail centers. Our team handles tenant acquisition, lease administration, facility maintenance, and financial oversight. With expertise in market analysis and tenant retention strategies, we maximize occupancy rates and profitability. Our services cater to owners seeking reliable management of business-oriented real estate assets.
Investor Relations
Cove offers tailored investor services including performance reporting, acquisition/disposition assistance, and strategic planning. We provide transparent communication and data-driven insights to help owners make informed decisions. Our team facilitates capital improvement programs and value-add initiatives to enhance investment returns for real estate portfolios.
Construction Management
Our construction management services focus on capital improvements and renovations. We oversee project planning, contractor coordination, budget management, and quality control. This includes unit upgrades, common area enhancements, and infrastructure repairs to maintain competitive property conditions and increase asset value.
Asset Management
Cove's asset management team develops strategic plans to optimize property performance. Services include market analysis, financial forecasting, risk assessment, and operational efficiency improvements. We work closely with owners to align management practices with long-term investment goals, ensuring sustained growth and profitability across real estate portfolios.
People
Stephen D. Margerum
Founder, Principal - Operations & Management
Stephen Margerum, CPM, founded Cove Property Management in 2008. With a Bachelor of Business Administration from James Madison University, he oversees daily operations for 2,000+ units and leads capital improvement programs. He teaches financial analysis at IREM and holds ARM/CPM designations.
Douglas Margerum
Founder, Principal - Business Development
Douglas Margerum, CPM, co-founded Cove in 2008. With a University of Maryland degree, he specializes in real estate financing and business development. He established Equity Management Inc. in 1980 and brings over 50 years of industry experience to strategic growth initiatives.
Michelle L. Green
Chief Financial Officer
Michelle Green has served as CFO since 2016, managing corporate accounting and financial reporting. She holds a finance degree and MBA, with over two decades of experience in financial leadership roles. She oversees HR and technology integration for operational efficiency.
Courtney Higgins
Regional Portfolio Manager
Courtney Higgins, ARM/CPM, manages regional portfolios with expertise in multifamily housing. She joined Cove in 2019 and was promoted to Regional Portfolio Manager in 2021. With awards for community satisfaction, she oversees operations across the Washington Region.
Sonya Zoppo Campbell
Executive Management Analyst
Sonya Campbell, CPM, brings 25 years of property management experience to Cove. She transitioned to Executive Management Analyst in 2022, providing operational support. A multiple MMHA award winner, she focuses on teamwork and service excellence for profitable asset management.
Questions
What types of properties does Cove Property Management handle?
We manage multifamily apartments, commercial office spaces, retail centers, and mixed-use developments.
In which states does Cove operate?
We operate in Maryland, Virginia, New Jersey, North Carolina, and South Carolina.
Are Cove's team members certified professionals?
Yes, our leadership includes Certified Property Managers (CPM) and Accredited Residential Managers (ARM).
Does Cove offer investor services?
Yes, we provide investor relations, asset management, and acquisition/disposition services.
What awards has Cove received?
We've won multiple MMHA and IREM awards for management excellence and community service.
Is Cove committed to ethical standards?
Yes, we adhere to the AMO Code of Ethics and IREM professional standards.
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