Real Estate Committee Meeting Minutes

Company:	[your company name]
Location:	[your company address]
Prepared by:	[your name]
Date:	April 15, 2050
Time:	10:00 AM - 12:00 PM

Attendees:

Name	Position	Presence
Alice Martin	Chairperson	Present
Leo Carson	Committee Member	Present
Samantha Young	Committee Member	Present
Omar Hassan	Real Estate Manager	Present
[YOUR NAME]	Secretary	Present

Absentees:

Name	Position	Reason
Robert Chen	Committee Member	Business trip

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1. Call to Order

• Time: 10:00 AM

• Called by: Chairperson, Alice Martin

• Alice Martin opened the meeting and welcomed all attendees.

2. Approval of Previous Minutes

• Presented by: Emily Tran

• The minutes from the March 2050 meeting were reviewed. No corrections were noted.

• Action: Minutes approved as presented.

3. Old Business

Review of ongoing negotiations for the property at 500 Sunnyside Blvd. Omar Hassan updated that the seller has agreed to our revised offer pending final legal review.

4. New Business

4.1 Discussion on New Property Acquisition

• Address: 250 Mountain View Road

• Presented by: Leo Carson

• Details:

  • Purpose: Expansion of rental portfolio

  • Size: 10,000 sq ft

  • Asking Price: $1.5 million

  • Current Use: Commercial office space

  • Potential Use: Residential conversions

  • Inspection Report: Presented by Omar Hassan, no significant issues noted.

• Decision:

  The committee unanimously agreed to proceed with the purchase at the asking price, contingent upon satisfactory completion of due diligence.

4.2 Sale of Property at 742 Riverside Drive

• Presented by: Samantha Young

• Details:

  • Size: 8,000 sq ft

  • List Price: $1.2 million

  • Offers Received: Highest at $1.15 million

• Discussion:

  Committee discussed whether to accept the current highest offer or to relist at a lower price for a quicker sale.

• Decision:

  The committee decided to counter the highest offer at $1.18 million and agreed to revisit if not accepted within two weeks.

5. Next Steps

• Omar Hassan to finalize the purchase documents for 250 Mountain View Road and coordinate with legal for the due diligence process.

• Samantha Young to handle negotiations for 742 Riverside Drive based on the committee's decision.

6. Adjournment

• Time: 12:00 PM

• Moved by: Leo Carson

• Seconded by: Omar Hassan

• Alice Martin adjourned the meeting.

Minutes Prepared by: [your name]
Minutes Approved by: Alice Martin, Chairperson

Date of Approval: April 22, 2050

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