NOVO Properties was founded in 2003 on Capitol Hill in Washington, DC. After initially working out of an English basement apartment on Capitol Hill, NOVO acquired the Chambers funeral home, a two-story Art Deco building, in April of 2004 which now serves as NOVO Properties’ Washington, DC office and corporate headquarters. NOVO was one of the early organizations that reinvested in the Barracks Row neighborhood in Southeast, Washington, DC.
In 2005, NOVO expanded our business from the Washington Metropolitan Area to Chicago, Illinois and to the city of Cambridge on Maryland’s Eastern Shore. In 2006, NOVO expanded our portfolio with properties in Charleston, South Carolina, and in 2007, NOVO grew again opening an office in Philadelphia, Pennsylvania. By 2008, we were managing over 1,000 apartments in five cities. Today, NOVO Properties manages approximately 2,000 units in five major markets.
In 2014 NOVO introduced its third-party management platform, NOVO Properties. Led by Michelle Reed, a widely recognized and respected property management expert, NOVO now provides best-in-class management services to owners not only concentrated in the Washington, DC Metro Area, but within markets thought the country.
In 2015 NOVO accomplished its first infill development project, 1600 Pennsylvania Avenue SE, a 77 unit multi-family property located on Capitol Hill. 1600 Pennsylvania Ave is the first of several anticipated ground up developments. NOVO continues to grow and expand our development business along with our third-party management services.