Founded in 2003, NOVO Properties is a multi-family owner, developer, asset and property management organization headquartered on Capitol Hill in Washington, DC. NOVO currently manages a portfolio of approximately 2,000 apartment units throughout Washington, DC, Chicago, Philadelphia, Charleston and the city of Cambridge on Maryland’s Eastern Shore.
Our Vision is to strategically acquire, develop and manage existing multi-family assets and infill development sites within core urban markets. We strive to be a best-in-class manager through the depth of our multi-family industry knowledge, our innovative approach, and by providing quality customer service ensuring all of our residents have the best living experience possible.
Our Mission is to provide unparalleled expertise in all aspects of ownership, development, and property management in order to maximize income, capital appreciation and growth for our customers, investors, and team members. We strive to increase value by providing first-class management services while implementing industry best practices. We are committed to being a leader in the industry through our innovation, client satisfaction, customer service, and commitment to excellence.
NOVO has received recognition throughout the industry for successes in renovating and restoring historically and architecturally sensitive buildings within target markets.
In 2014 NOVO expanded to included third-party property and asset management services.
NOVO is committed to building trusted partnerships in wealth management by striving for exceptional customer service and communication through voracious education and cutting edge technology.
Our services include Property Management, Asset Management and Property Development.
- As Property Manager, NOVO provides first-class customer service, leasing, marketing, rent collections and payment, repair and maintenance as well as accounting and administrative services to its portfolio of income producing properties.
- As Asset Manager, NOVO oversees limited liability companies and capital management, administers contracts, files tax returns and other governmental filings and directs the corporate governance and business operations.
- As Property Developer/Owner, NOVO acquires real estate, implements renovation, construction and re-positioning plans. NOVO’s investment goal is to retain ownership of properties for a 5-10 year period.