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Bo Menkiti's Evolution at Keller Williams Capital Properties

In a significant leadership transition, Bo Menkiti, the founder of Keller Williams Capital Properties (KWCP), has announced his departure from the role of CEO, a position he has held since the company's inception in 2005. Together with co-founders Brandon Green, Joel Nelson, Carlos Garcia, and Jason Martin, Menkiti established KWCP with a bold mission: to create a real estate firm that empowers agents and transforms communities through innovative practices and community engagement.

From humble beginnings above a barbeque restaurant in Washington, D.C., KWCP has grown into one of the largest majority black-owned brokerages in the country. It boasts a vibrant team of more than 1,000 agents across nine offices, achieving remarkable sales figures of over $30 billion in home sales and helping more than 60,000 families find homes. Under Menkiti's guidance, KWCP has not only gained national acclaim but has also become a model for community-oriented real estate practices.

As CEO, Menkiti led KWCP to numerous accolades, including standing out on the Washington Business Journal's Top 10 Residential Real Estate Companies list, securing multiple placements on RealTrends 500 and RISMedia's Power Broker 500, and earning recognition from Newsweek for its commitment to workplace diversity. The firm has also earned praise from the Washington Post as one of the best places to work in 2022 and 2023.

Menkiti’s influence extends beyond corporate success. He founded the CPMG Foundation in 2014, aiming to further KWCP's mission of community service beyond real estate sales. The foundation has since provided over $2.2 million in grants, donated nearly 10,000 volunteer hours, and positively impacted approximately 50,000 families in the region. This commitment to service reflects Menkiti's ethos of using real estate as a tool for positive change, which will continue to inspire the company even in his new capacity.

Expressing his sentiments about the transition, Menkiti stated, "This journey has been nothing short of extraordinary. What began as a simple idea to create a real estate company where agents could succeed and make a meaningful impact has evolved into a dynamic movement. I am incredibly proud of what we have built and even more excited about the future. Though I step back from my role as CEO, I will forever be linked to KWCP’s mission and spirit."

Menkiti’s focus will now shift to The Menkiti Group, where he intends to leverage his experience to drive strategic initiatives across a broader portfolio encompassing real estate development, investment, PropTech, and advisory services. He reassured stakeholders that KWCP is poised to thrive under the leadership of its accomplished team members, who have significantly contributed to its success.

KWCP is poised for a new chapter, one grounded in the entrepreneurial spirit and community focus that have been its hallmarks since its establishment. Bo Menkiti, now stepping into a strategic role, is enthusiastic about shaping the future of real estate on a larger platform while nurturing The Menkiti Group's commitment to impactful community development.

Through this transition, Menkiti not only signifies a personal evolution but also reinforces his dedication to reshaping the landscape of real estate, ensuring empowerment for agent entrepreneurs and continued community enrichment across the greater Capital Region and beyond.

About The Menkiti Group

The Menkiti Group, headquartered in Washington, DC, is a leading real estate services and development firm committed to transforming lives, careers, and communities through real estate. Since its founding in 2004, the Menkiti Group has invested over $400 million in various projects with a focus on fostering inclusive economic growth in low- and moderate-income areas throughout the East Coast.

About Keller Williams Capital Properties

Keller Williams Capital Properties is a prominent real estate brokerage serving the wider Capital Region. With nine offices in Washington, D.C., KWCP is dedicated to empowering agents to create meaningful careers and positively impact their communities through innovative real estate practices.