Rachuba and Ausherman Properties have banded together to bring more high quality living experiences to Frederick, Maryland.
At Rachuba, we are committed to helping property owners and investors in the Mid-Atlantic region succeed, while creating communities that people are proud to call home. Our recent partnership with Ausherman Properties, a leading development and investment company in Frederick, Maryland, presents a new and exciting opportunity for us to build lasting value by supporting their mission to make Frederick County a vibrant place to live, work, and play.
Get to Know Ausherman Properties
Ausherman Properties traces its roots back to 1951 when Ernie Ausherman began building homes and a true reputation for quality. Since 1997, his son, Marvin Ausherman, has led and grown the company and continues to expand their portfolio of residential rentals and multi-family projects. With over 70 years of investing in and developing real estate in Frederick County, Ausherman Properties continuously aims for the highest caliber development projects that enhance Frederick’s landscape and communities.
“We had heard nothing but great things about Ausherman,” shares our President and CEO Theresa Leatherbury, CPM®. “Their company has been bringing excellent homes to the Frederick community for years, and we’re honored to have the chance to bring that same level of property management services to their residents.”
Unpacking the Partnership
Through a mutual connection from the Maryland Multi-Housing Association, our Rachuba leadership was connected with the Ausherman Properties team to discuss a potential third-party property management partnership. “From the conversation, we found that our values aligned very well with theirs,” says Leatherbury. “It was a truly perfect fit.”
In November 2024, Rachuba officially began working with Ausherman to provide property management services for one of their properties—consisting of 44 newly constructed townhomes in an up-and-coming area in Frederick. Services include working directly with residents, finding future residents, handling maintenance requests, reporting to Ausherman, and so much more.
“We feel like we’ve found a partner we can trust in Rachuba,” shares Sue Carroll, project coordinator at Ausherman Properties. “We admire their management of properties, keeping each looking great and operating efficiently while serving tenant needs. We value their investment in technology to serve their clients and tenants, and their friendly approach to building communities. Also, their robust reporting helps us inform our decision making. Our tenants have already noted their responsiveness to needs since we began working with them.”
After the first few months of initial partnership, Rachuba took on management of two more Ausherman properties—both of which are Ausherman legacy projects located downtown—bringing the total to three locations in Frederick.
Exploring the Ausherman Properties Managed by Rachuba
The first Ausherman property that Rachuba began management of in November 2024, includes 44 newly constructed townhomes at the Terrace at Sycamore Ridge on the west side of Frederick. This set of development offers a great opportunity for renters seeking more living space, a yard, garage, and deck. The adjoining residential project, Sycamore Ridge, includes 200 single family homes and 256 townhomes. Other amenities include a community park, walking paths, and a playground and tot lot.
In January of 2025, Rachuba proudly began managing two Ausherman legacy projects, the first of which is Kemp Hall Lofts and Studios. Located at one of the city’s most prominent intersections at Church and Market Streets, the property is anchored by two longstanding retail tenants on the first floor, Candy Kitchen and Wastler’s Barber Shop. In 2019, the remainder of the Civil War era building was completely renovated into 18 apartment units including studios, 1-bedroom spaces, and modern lofts.
Just south of Kemp Hall, is 69 S. Market, the second of the legacy projects. With four 2-bedroom apartment units and a retail space, this iconic building is also located at one of downtown Frederick’s most notable sites on Carroll Creek, a city hub for year-round arts and entertainment. In 2020, the addition of a mural on the building honoring one of Frederick’s great jazz musicians, Lester Bowie, only enhanced the appeal and deepened the connection to the area’s rich arts scene. The building’s first floor retail tenant, Bakehouse, has become a Frederick landmark in its own right in its short four-year history. Patrons line up and down the block for a taste of their croissants, cookies, cakes, and other great pastries.
Looking to the Future of Property Management Partnership
“We’re thrilled to be partnering with such a respected company, and we’re looking forward to seeing what’s to come down the road,” shares Leatherbury. “Rachuba keeps its finger on the pulse of changing markets and management approaches,” adds Carroll. “The data, reporting, and technology tools they offer help us stay informed and nimble in the constantly changing residential and commercial markets.”
To learn more about Rachuba’s property management services, visit our website or contact our corporate office by phone at (410) 781-3400.
