Property management services @ UM Properties

The University of Maryland College Park is seeking proposals from qualified property managers to provide full-service commercial property management for designated University-owned or controlled properties located in or near College Park, Maryland. The current portfolio of properties includes office, office/warehouse, office/lab, and a child care center. The contract term is one year with up to four one-year renewal options. The contractor's primary functions include collecting rent, hiring and supervising personnel, paying operating expenses, and providing monthly financial reports. Pricing is requested as a fixed monthly fee, a fee per square foot, or another approach not tied to rental income. The University will evaluate proposals based on the qualifications of key personnel, past performance, references, and the contractor's ability to provide economic benefit to Maryland. Proposals are due by October 3, 2024.

Minority Business Enterprise (MBE) participation is encouraged for this opportunity. The University does not list any incumbent vendors or current contractors, and there is no mention of any existing infrastructure or technology that requires integration. The RFP does not provide specific award values or budget ranges, but indicates that the University is seeking proposals for the property management services.