Who we are...

Mission Statement

To manage income-producing properties, improve the operating performance and create value for our investors through hands-on property management. Our proactive management approach is centered on the commitment to exceed the expectations of our residents and clients in the delivery of services.

Ownership Approach to Management

Cove Property Management is an Annapolis, Maryland based full-service property management and investment firm owned by Douglas Margerum, CPM and Stephen Margerum, CPM. Our current real estate portfolio consists of over 1,800 owner-managed multifamily apartments, 100,000 sq.ft. of commercial office and flex warehouse, and 16,000 sq.ft. of restaurant space.

Currently Cove’s portfolio includes properties located throughout the Maryland, Baltimore, Washington D.C. metro, New Jersey markets.

Our current portfolio includes the following property types:

  • Conventional Apartments
  • LIHTC Tax Credit Financed
  • Student Housing
  • Independent Senior Living
  • Mixed Use / Commercial / Flex Warehouse
  • HOA and Association Management

We approach each investment from an owner’s perspective because we are owners.

Cove is an AMO® (Accredited Management Organization®) firm with the Institute of Real Estate Management. The AMO® accreditation is the mark of an exceptional property management firm, management expertise, and unmatched integrity. Owners and investors choose AMO firms time and again because of their extremely high standards.

Equal Housing Opportunity

We pledge to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the nation. We encourage and support an affirmative advertising and marketing program in which there are no barriers to obtaining housing because of race, color, religion, sex, handicap, familial status, or national origin.

Proud Member of: