USAF Looks for Real-Estate Help
Most people think of militaries as stockpiling munitions, rather than real estate, even though both are equally true. Militaries are often very good at managing their munitions stockpiles, but generally lack the same level of expertise when it comes to commercial management of real estate. Some may even decide that they shouldn’t be in this business.
Which helps to explain why the 772nd Enterprise Sourcing Squadron/PKJ at Lackland Air Force Base, TX let a maximum $40 million multiple-award, indefinite-delivery/ indefinite-quantity contract for “… services to provide innovative means to create lucrative and lasting real estate developments of the underutilized real estate assets at various Air Force installations…”
Winners eligible for task orders include:
- EMAX Financial Real Estates Advisory Services, LLC in New York, NY (FA8903-11-D-8501)
- FPS Advisory Group, LLC in Annapolis, MD (FA8903-11-D-8502)
- Jones Lang LaSalle Americas, Inc. in Washington, DC (FA8903-11-D-8503)
- M.C. Fuhrman and Associates, LLC in Haddonfield, N.J. (FA8903-11-D-8504)
They will help the USAF look at a range of options, including “housing privatization opportunities by leveraging private industry through value-based transactions, e.g., enhanced use lease, military housing privatization initiatives.”
Lackland AFB itself is involved in some of these activities. The architects and designers Rees Associates note that:
“Presently, one-third of the 1230 housing units on Lackland are privatized. Program requirements for Phase II include the construction of 540 new residences on 102 acres of land within the base perimeter, making this project an important step in its continued growth.”
