Highlights:
Using public-private partnerships to improve housing for military families and generate value from underutilized assets.
Client Goals:
The Air Force sought to use alternative financing and delivery to optimize its real estate portfolio, unlock hidden value, and deliver new and renovated housing for military families at installations across the country.
Hayat Brown Role:
Enhanced Use Leasing Program
Hayat Brown team members supported the Air Force’s efforts to leverage the value of underperforming assets through in-kind or cash consideration with its Enhanced Use Leasing (EUL) program. We conducted 12 Concept Opportunity Studies (COSs) that identified and prioritized EUL opportunities at bases throughout the US, including Business Case Analyses (BCAs) at three installations. Our team investigated development considerations, conducted market and feasibility analyses, and recommended acquisition strategies. For two installations, we assisted with developing solicitation documents, marketing the opportunity, evaluating proposals, and negotiating Business & Leasing (B&L) Plans. Two of the COSs and two of the BCAs included renewable energy projects.
Privatized Military Housing
Hayat Brown team members supported three privatized military housing projects from project identification through financial closing, including: Lackland II (463 units), ACC Group III (822 units across two installations), and Western Group (3,264 units across four installations). Our team provided financial, technical, and other support to facilitate the concept development and RFP/RFQ development. After development partner selection we assisted with lease negotiation and closing, including facilitating post-closing meetings with Air Force portfolio managers.
Project Outcomes:
