Kenwood Management Company Achieves Record Occupancy, Surpassing 92% in 2023
Kenwood Management announced that its Maryland and Virginia real estate portfolio ended 2023 with an overall occupancy of 92.1%. This represents an increase from its year-end 2022 portfolio occupancy of 91%.
Kenwood's new tenants to the portfolio were Manns Woodward Studios, Anxiety Institute, Optimal Psychiatry & Wellness, Orbis Operations, Barrett Concrete Cutting, and Cohen Health and Performance.
Five properties were 100% leased at year-end – Hampton Commerce Centre, Preston Court, Westmore Road, Sandpiper Circle, and Chevrolet Drive. Four other properties exceeded 90% occupancy – McLean Plaza, Lottsford Business Center, Reston Herndon Business Park, and Corporate Drive.
Kenwood owns and operates over 1.4 million square feet of medical, warehouse, flex, and office space in the Washington DC and Baltimore markets. Its real estate investments combine sponsors' and high net-worth (outside) investors' capital to enhance value in underperforming assets for long-term, stable returns.
As Kenwood Management Company commemorates surpassing 92% portfolio occupancy, gratitude is extended to our 200+ tenants. Kenwood's focus remains on providing stable, long returns for our investors. Our success comes from making strategic real estate investments, developing trust with our tenants, and being responsive to their needs.
About Kenwood Management
Kenwood Management Company, headquartered in Bethesda, MD, has combined its internal equity with high-net-worth investors for over 25 years. With a portfolio of over 1.4M sf, including office, flex, medical, and warehouse spaces, their diversified multi-tenanted properties produce long-term returns and property management strategies for their investors.
The company is unique in investing in and solely managing all its properties. By having the management company also own, sponsor, and invest in each property, they build an environment where everyone’s interests align toward producing the highest returns possible for every investment. With Kenwood, investors can expect an approach that will meet their needs and make their efforts worthwhile.
Kenwood’s unique approach with tenants focuses on enhancing the landlord-tenant relationship by working with tenants to help their business succeed. This approach has helped Kenwood achieve higher occupancy and retain tenants long-term.
For more information about Kenwood Management and the company’s approach to commercial property management and multi-tenant real estate, visit www.kenwoodmgt.com/about-us.