Episode Transcript
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Speaker 1 (00:00):
This is iHeartRadio's Maryland Business Spotlight. Each week we hear
from one local business owner letting us know where they
are in their business.
Speaker 2 (00:07):
Journey and how they got there.
Speaker 1 (00:09):
I'm here today with the Ava Hodgston, asset manager of
Trademark Properties. Avid, Thanks for being here for people who
might not be familiar. Tell us about Trademark Properties and
what you guys do so.
Speaker 3 (00:19):
Trademark Properties is a small local property development and management firm.
Our portfolio is centered in downtown Baltimore. We just last
year completed a three hundred West Fayette Street, which was
one hundred and seven unit building across from the Everyman
Theater in Baltimore's west side of downtown. Our merquy project
(00:43):
that's underway right now that we hope to open in
the next few months is to ten Charles Street, the
historic F and D building That will be two hundred
and thirty two apartments with commercial street level retail as well.
Speaker 1 (00:56):
Wow, guess work, how many properties do you have like
in the Maryland area overall? Do you think? So?
Speaker 3 (01:01):
We're just in Maryland. We are small right now. We
have six properties in downtown Baltimore and we have one
out in Hagerstown. Our properties range from small ten unit
buildings up to office we have an office tower, and
then to ten Charles Street, which will be January. Two units.
Speaker 1 (01:20):
Yeah, that's going to be awesome, the new one coming up.
And I always wonder when you open up a property
like this, open up these units, how how quickly does
it take for you to fill them? Is it immediates?
Is to take a while because I'm sure there's a
certain amount that you need just to keep the business
running or whatever.
Speaker 3 (01:39):
Yeah, it's interesting that you asked that. Downtown Baltimore, as
just a leasing market in general, tends to have a
higher amount of turnover. So the lease up is a
really critical period to hit stabilization to them be ready
to deal with the turnover you're going to get in
the coming year. Three hundred West fay It we hit
(02:02):
ninety percent lease within nine months and so that was
really critical to being able to stabilize that property. It'll
take a little longer, but it hit the same numbers
with two ten trials straight.
Speaker 1 (02:15):
So tell me about the units there are they one bedroom,
two bedrooms? How do they work?
Speaker 3 (02:20):
So we specialize in historic adoptive free use. With three
hundred West Bay. We have one, studios, twos and threes,
and where we really shine is with that sort of
middle income, price sensitive workforce housing. We had studios when
that building open that started at nine to ninety five
and that included water, trash, sewage, free, high speed internet,
(02:41):
and in unit laundry, and that was something that the
area really needed and we were really excited to fill
that gap.
Speaker 1 (02:48):
And let me ask you, how did you get your
start with Trademark Properties. Have you been in the business
the industry for a long time.
Speaker 3 (02:54):
So I've been with Trademark for three years. I, like
most people, sort of fell into property management. I worked
for a couple of firms in the area and I
was actually ready to get out of it, ready to
do a career change, and I met Pat the owner
of Trademark, and we started talking and I was like,
(03:15):
I think I want this job. I think I want
to work on some of these projects, and really was
excited to get involved more on the development side of things.
And I went to school originally for art history, so
I have a sort of love for the historical architectural
backgrounds with some of these properties, and it's been just
such a thrill to watch them get a second chance.
Speaker 1 (03:38):
So what has been your biggest surprise getting into this business?
Speaker 2 (03:42):
You didn't expect good or bad.
Speaker 3 (03:44):
It's been incredible to learn more about some of the organizations,
especially downtown, the work that like Charles Street Development does
a Downtown Partnership of Baltimore does that Market Center Development
Corporation does to support a lot of the projects and
small businesses that are trying to thrive downtown.
Speaker 1 (04:05):
Yeah.
Speaker 3 (04:06):
Yeah, I wasn't as informed on their work and that
was a really cool thing to learn and become more involved.
Speaker 2 (04:11):
With any specific new initiatives coming up that we'd be
interested to know about.
Speaker 3 (04:15):
So we do have some exciting projects in pre development.
I can't get too into the details of them right
now they aren't public, but they are in line with
the things that we have done in the past, and
I'm really excited when we can talk about them for
people to learn more.
Speaker 2 (04:29):
Well, I like that, teas very cool.
Speaker 1 (04:32):
Where can our listeners go to find more about Trademark properties?
Speaker 3 (04:37):
Yeah, so you can always check out our website www
dot trademark prop dot com. You can find us on
LinkedIn or Instagram or Facebook as well and follow along.
Speaker 2 (04:46):
Very cool.
Speaker 1 (04:46):
Well, congratulations on everything you've accomplished so so far, and
we certainly wish Trademark Properties success in the future. And
thank you so much for the time for this introduction
on the business and what's going on in Baltimore.
Speaker 2 (05:00):
I really appreciate it, Ava.
Speaker 3 (05:01):
Yeah, absolutely, thank you, Bob.
Speaker 1 (05:03):
This has been iHeartRadio's Maryland business spotlight.
This is iHeartRadio's Maryland Business Spotlight. Each week we hear
from one local business owner letting us know where they
are in their business.
Speaker 2 (00:07):
Journey and how they got there.
Speaker 1 (00:09):
I'm here today with the Ava Hodgston, asset manager of
Trademark Properties. Avid, Thanks for being here for people who
might not be familiar. Tell us about Trademark Properties and
what you guys do so.
Speaker 3 (00:19):
Trademark Properties is a small local property development and management firm.
Our portfolio is centered in downtown Baltimore. We just last
year completed a three hundred West Fayette Street, which was
one hundred and seven unit building across from the Everyman
Theater in Baltimore's west side of downtown. Our merquy project
(00:43):
that's underway right now that we hope to open in
the next few months is to ten Charles Street, the
historic F and D building That will be two hundred
and thirty two apartments with commercial street level retail as well.
Speaker 1 (00:56):
Wow, guess work, how many properties do you have like
in the Maryland area overall? Do you think? So?
Speaker 3 (01:01):
We're just in Maryland. We are small right now. We
have six properties in downtown Baltimore and we have one
out in Hagerstown. Our properties range from small ten unit
buildings up to office we have an office tower, and
then to ten Charles Street, which will be January. Two units.
Speaker 1 (01:20):
Yeah, that's going to be awesome, the new one coming up.
And I always wonder when you open up a property
like this, open up these units, how how quickly does
it take for you to fill them? Is it immediates?
Is to take a while because I'm sure there's a
certain amount that you need just to keep the business
running or whatever.
Speaker 3 (01:39):
Yeah, it's interesting that you asked that. Downtown Baltimore, as
just a leasing market in general, tends to have a
higher amount of turnover. So the lease up is a
really critical period to hit stabilization to them be ready
to deal with the turnover you're going to get in
the coming year. Three hundred West fay It we hit
(02:02):
ninety percent lease within nine months and so that was
really critical to being able to stabilize that property. It'll
take a little longer, but it hit the same numbers
with two ten trials straight.
Speaker 1 (02:15):
So tell me about the units there are they one bedroom,
two bedrooms? How do they work?
Speaker 3 (02:20):
So we specialize in historic adoptive free use. With three
hundred West Bay. We have one, studios, twos and threes,
and where we really shine is with that sort of
middle income, price sensitive workforce housing. We had studios when
that building open that started at nine to ninety five
and that included water, trash, sewage, free, high speed internet,
(02:41):
and in unit laundry, and that was something that the
area really needed and we were really excited to fill
that gap.
Speaker 1 (02:48):
And let me ask you, how did you get your
start with Trademark Properties. Have you been in the business
the industry for a long time.
Speaker 3 (02:54):
So I've been with Trademark for three years. I, like
most people, sort of fell into property management. I worked
for a couple of firms in the area and I
was actually ready to get out of it, ready to
do a career change, and I met Pat the owner
of Trademark, and we started talking and I was like,
(03:15):
I think I want this job. I think I want
to work on some of these projects, and really was
excited to get involved more on the development side of things.
And I went to school originally for art history, so
I have a sort of love for the historical architectural
backgrounds with some of these properties, and it's been just
such a thrill to watch them get a second chance.
Speaker 1 (03:38):
So what has been your biggest surprise getting into this business?
Speaker 2 (03:42):
You didn't expect good or bad.
Speaker 3 (03:44):
It's been incredible to learn more about some of the organizations,
especially downtown, the work that like Charles Street Development does
a Downtown Partnership of Baltimore does that Market Center Development
Corporation does to support a lot of the projects and
small businesses that are trying to thrive downtown.
Speaker 1 (04:05):
Yeah.
Speaker 3 (04:06):
Yeah, I wasn't as informed on their work and that
was a really cool thing to learn and become more involved.
Speaker 2 (04:11):
With any specific new initiatives coming up that we'd be
interested to know about.
Speaker 3 (04:15):
So we do have some exciting projects in pre development.
I can't get too into the details of them right
now they aren't public, but they are in line with
the things that we have done in the past, and
I'm really excited when we can talk about them for
people to learn more.
Speaker 2 (04:29):
Well, I like that, teas very cool.
Speaker 1 (04:32):
Where can our listeners go to find more about Trademark properties?
Speaker 3 (04:37):
Yeah, so you can always check out our website www
dot trademark prop dot com. You can find us on
LinkedIn or Instagram or Facebook as well and follow along.
Speaker 2 (04:46):
Very cool.
Speaker 1 (04:46):
Well, congratulations on everything you've accomplished so so far, and
we certainly wish Trademark Properties success in the future. And
thank you so much for the time for this introduction
on the business and what's going on in Baltimore.
Speaker 2 (05:00):
I really appreciate it, Ava.
Speaker 3 (05:01):
Yeah, absolutely, thank you, Bob.
Speaker 1 (05:03):
This has been iHeartRadio's Maryland business spotlight.
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