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The DEC_Commercial Realtor RFP 2

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The DEC_Commercial Realtor RFP 2

  1. 1. REQUEST FOR PROPOSALS COMMERCIAL REAL ESTATE SERVICES I. Summary Dollar Empowered Community, Inc. (“DEC”) is a Georgia for profit corporation. DEC desires to acquire commercial real estate property. As such DEC is seeking proposals from Atlanta-based commercial real estate agents, with qualified personnel having previous experience providing commercial real estate services for corporate clients. II. Objective Black wealth ownership, support and transfer in DeKalb County. III. Infrastructure DEC is a private Real Estate Investment Trust (“REIT”). IV. Project Description DEC is looking to acquire commercial real estate with the following criteria: • "Market" or "Property" Distressed • Price Range: $750,000 -$800,000 • Building types: o Warehouses to repurpose or as is (storage, inventory, etc.) o Old schools or hotels o Office space • Location Criteria: o Closer to exits and highways o South DeKalb preferable or mid-DeKalb o Attractive to help decide DeKalb projections o Mixed use or potential to change zoning • Condition Criteria: o Not to exceed $150K in rehabilitation costs • Demographic Criteria: o TBD based on building type • Land Criteria: (Not applicable) • Amenities/Features: o Free parking o Possible Open concept o Travel Convenience/Close to nicer restaurants o Class B o Collaborative spaces vs. individual spaces o Tech capabilities V. Commercial Real Estate Broker Requirements • Someone who lives or works mostly in DeKalb County • Someone who is preferably a Certified Commercial Investment Member (“CCIM”) or comparable • Someone who understands and supports our mission to increase black wealth in black communities • Someone who works with a team of agents and other providers VI. Questions and Responses To schedule to attend DEC’s Tuesday, January 5th meeting at 6:15 p.m., please contact DEC’s Secretary, Stacey Thibodeaux, at staceythibodeaux@gmail.com. Prospective bidders may also submit questions regarding this RFP or interviews to Ms. Thibodeaux and questions about the REIT to Ms. Dar’shun Kendrick at DKendrick@Kaag.co. Once a bidder receives confirmation to attend DEC’s upcoming meeting, he or she will receive a Zoom invite. For any Zoom meeting, prospective bidders must appear visually on camera for at least twenty minutes to allow adequate time for interviews.

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