Real Estate Consultant Services

The Vendor is required to provide real estate projects on an on-call, task order basis on projects such as appraisals, lease negotiations, and property acquisitions.
- Real estate appraisals:
• The ability to perform comprehensive and accurate market appraisals both for authority -owned and third-party owned properties.
• Appraisals will support property acquisitions, dispositions, and lease agreements.
• These appraisals will adhere to industry standards, including uniform standards of professional appraisal practice (USPAP), ensuring credibility and reliability in financial negotiations and acquisition and disposition decisions.
- Commercial brokerage services:
• The ability to facilitate the sale, leasing, or acquisition of commercial properties as a commercial real estate broker on behalf of the authority.
• These services may include direct leasing and sale efforts or consulting services, such as how to effectively market a property or input on design considerations that will affect the marketability of a property.
- Feasibility reports and highest and best use analyses:
• The ability to develop feasibility reports to evaluate the current state of and redevelopment potential of authority properties.
• Able to evaluate redevelopment scenarios based on the physical characteristics of a property, zoning regulations, other regulatory factors (e.g. historic preservation), market trends, and the surrounding urban environment.
- Real estate pro forma analysis:
• Ability to complete a variety of pro forma analyses to assess the financial feasibility of authority real estate development concepts.
• The firm would employ detailed financial modeling techniques to assess various economic and financial scenarios, incorporating into these scenarios housing affordability and other community benefits as applicable.
• The analyses will take into account the unique characteristics of each project, identifying opportunities for maximizing value based on the site characteristics and development potential
- Market analysis:
• The ability to conduct market analyses to provide the authority with a clear understanding of current market conditions and trends, enabling data-driven real estate decisions.
• This analysis may include but will not be limited to commercial and residential market data, construction and O&M cost data, development trends, lease up and absorption rate dynamics, and financing trends.