WASHINGTON – The African American Real Estate Professionals of DC (AAREP DC), the premier trade organization for African Americans within the Washington, D.C. Metropolitan Area commercial real estate industry, last night honored The Menkiti Group as its Developer of the Year in recognition of the company’s transformational impact on lives and communities throughout the Washington, D.C. community. Bo Menkiti, Founder and CEO of The Menkiti Group, received the honor on behalf of the company.
In accepting the award, Mr. Menkiti noted: “The social justice movement of the 21st century is economic development, and we have tremendous opportunity and responsibility to act in this space.”
Founded in 2004, The Menkiti Group is a minority-owned Certified Business Enterprise headquartered in the District of Columbia. Over the past 12 years The Menkiti Group has invested over $160 million in DC’s emerging neighborhoods and has developed over 600,000 square feet of real estate along emerging corridors.
The company has established a reputation for its creative and productive deployment of capital and has cultivated valuable relationships across economic and cultural divides that have historically hindered the development of urban neighborhoods.
The Menkiti Group has a robust residential and commercial sales and leasing operation, The company’s award-winning residential sales team, MG Residential, has brokered the sale of over $1 billion in residential real estate, and recently launched an Anacostia-focused expansion team. MG Commercial offers comprehensive client services including brokerage, tenant and landlord representation, investment sales, property and asset management, and real estate advisory services.
The Menkiti Group has gained national recognition for its innovative business model and successful business growth. The company is consistently among Inc. Magazine’s 500/5000 Fastest-Growing Private Companies in America. The Initiative for a Competitive Inner City and Fortune Magazine have repeatedly honored The Menkiti Group as one the fastest growing inner city businesses in the United States. Bo Menkiti has been tapped by Inc. Magazine as one of the “coolest” young entrepreneurs in America, and was recently honored with the Washington Business Journal’s Minority Business Leader Award and was also named to the publication’s 2014 Power 100, a list of the most influential business leaders in the Washington Metropolitan Area.
To learn more about The Menkiti Group, please visit menkitigroup.com.