RFP769-27-974AW - Real Estate Advisory Services Follow Solicitation

In accordance with Education Code 51.9335, the University of North Texas System (UNTS), subsequently referred to as the Owner, is accepting proposals and intends to enter into an agreement with a vendor(s) that specializes in Real Estate Advisory Services in accordance with the terms and conditions and requirements set forth in this Request for Proposal. UNTS intends to select multiple vendors as a result of this RFP. UNTS will assess the selected vendors on a rotational or qualifications basis as necessary for a given project. The selected vendor(s) may be awarded projects that are managed by UNTS or by any of its component institutions.

The resulting pricing, terms and conditions shall be extended to the University of North Texas System (UNTS), the University of North Texas (UNT), the University of North Texas Health Fort Worth (UNT Health FW), University of North Texas at Dallas (UNTD), UNT at Frisco and any other institutions of higher education interested in utilizing the agreement, as allowed by the Texas Education Code.

1.1 Specifications – Real Estate Advisory Services

Expanded services include enterprise-wide portfolio assessments, lease audits, utilization and asset performance studies, market analyses and competitive benchmarking, financial and feasibility analyses transaction advisory services for acquisitions, dispositions and restructures, appraisal coordination, and development of a long-range institutional real estate portfolio strategy.

The selected firm(s) will be responsible for one or more of the following services as appropriate for each project including:

• Provide real estate advisory services in connection with developing, modeling and evaluating development programs and project financing plans; the acquisition, sale or lease of property; development and implementation of acquisition or disposition strategies; the disposition and adaptive reuse of underused facilities; commercialization planning, revenue-generating asset strategies, and institutional asset activation initiatives; and financing strategies; including enterprise-wide portfolio planning, asset optimization, transaction advisory services, and institutional real estate strategy aligned with UNTS' operational and long-range planning objectives;
• Analyze and make recommendations regarding the development potential of UNTS development sites [...];
• Perform market analyses, competitive benchmarking, and commercialization demand studies for various uses to determine current lease rates and/or land values, vacancy rates, industry trends and typical lease terms. [...];
• Conduct or support real estate appraisals, valuations, long-term leasehold valuations, or other valuation methods, as required to support strategic planning, transactions, portfolio optimization, and institutional decision-making;
• Assist UNTS in analyzing the feasibility of proposed development [...];
• Advise UNTS in negotiating and responding to business and design aspects of proposed projects
• Represent UNTS in negotiations with property owners, tenants, developers, and other third parties and broker the terms and conditions under which client would sell, lease, or otherwise dispose of properties for private development;
• Provide detailed reports following the closing of any financing transaction. [...];
• Attend and participate in presentations to the UNTS Board of Regents or other groups as necessary; and
• Provide expert advice and recommendations throughout the period of engagement.

Firms must respond to requests for services within a maximum of twenty-four (24) hours of notification from the Owner.

**Submission method:** You shall submit electronically at https://bids.sciquest.com/apps/Router/PublicEvent?CustomerOrg=UNTS. Electronic proposals should be received NO LATER THAN the specified due date and time. Incomplete proposals will be disqualified. **RFP MUST BE SIGNED** and ALL attached files must be submitted with proposal package.

Contract term

This IDIQ contract is for services for a single project or multiple projects over the period of three (3) years with two (2) additional one-year option periods. The cumulative total of fees paid under a contract will be for a maximum amount of **$7,000,000.00**. The maximum annual IDIQ service orders issued in a twelve (12) month period shall not exceed **$1,750,000.00**.

Evaluation weights

• Criteria A, Evaluated Pricing: 10%
• Criteria B, Team Experience: 30%
• Criteria C, Firm Performance: 25%
• Criteria D, Management Approach: 25%
• Criteria E, Quality of Proposal (interview if applicable): 10%

Failure to provide required Insurance Certificates within ten (10) business days of execution of contract shall be justification to cancel award.