Kenwood Management Company, which owns a 1.4 million square foot real estate portfolio of warehouse, flex, medical, and office spaces in Washington DC and Baltimore markets, announced that its 2023 Total Revenues and Net Operating Income (NOI) exceeded 2019 figures by 17%.

“When compared to 2019, the year before Covid, and 2023, our most current annual figures, we were very pleased to see that both Total Revenues and Net Operating Income were 17% higher,” said Bill Singer, Principal at Kenwood Management. “These results reflect our strategic approach and dedication to maintaining robust performance even in challenging economic conditions.”

The comparison is based on an identical portfolio, highlighting the consistency and resilience of Kenwood Management’s assets. The results also indicate that despite the most significant inflation levels experienced in many decades, Kenwood’s bottom-line performance was not impacted.

Hank Bowis, Principal at Kenwood, added, “We have been very successful at managing expenses and increasing occupancy, which has enabled the portfolio to perform very well. Our ability to adapt and maintain high occupancy rates, even during economic downturns, underscores the effectiveness of our property management strategies.”

Looking ahead, Kenwood Management is committed to continuing its strategic growth and investment in high-quality properties. The company plans to expand its portfolio while maintaining its focus on delivering steady, long-term returns for its investors. This strategy includes leveraging their extensive market knowledge to further enhance portfolio performance.

About Kenwood Management Company

Kenwood Management Company, headquartered in Bethesda, MD, is a trusted steward of over 1.4 million sq. ft. of commercial real estate, encompassing office, flex, medical, and warehouse spaces. With a unique approach that combines internal equity with high-net-worth investors, Kenwood has a proven track record of delivering long-term, steady returns for its investors.

The company's commitment to excellence is evident in its meticulous property management and strategic growth initiatives. By continuously exploring new opportunities, Kenwood ensures sustainable value for its stakeholders.

For more information about Kenwood Management Company and to access the full Q1 2024 Market Report, please visit Kenwood's website today. Gain the insights you need to thrive in the competitive commercial real estate landscape.