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 2,000 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, Virginia and 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.

Team Atmosphere

Cove Property Management may be a small company but we are family oriented and each member of our team plays an integral role in our success. Our company, like numerous others during the COVID-19 Pandemic, took immediate action to ensure the safety of our residents and our team members. Together each team member across our portfolio took part in creating something meaningful for our leadership team. Take a look at this video to see the hard work they each put in to show their appreciation. This video is the definition of team work and really shows what is special at Cove Property Management.

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.

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