Government Asset Management & Privatization Services

Projects referenced indicate work managed and/or completed by senior BBP LLC staff, including assignments by Basile and Prost when they were Principals and senior technical staff at other consulting firms.

Real estate development assistance has been provided to local and state governments for projects funded by all four service branches (Army, Navy, Air Force, and Marines), the Office of the Secretary of Defense (OSD), and the Department of Veterans Affairs (VA), as well as hundreds of clients at the state and local level.

State and Local Government Asset Management Initiatives
State/local asset management initiatives have included government center complexes, courthouses and enhancement of state institutional assets (schools, transit facilities, water resources). Many of these accomplishments have been attained through “asset bartering” and other creative techniques to spur private funding of public construction projects. In addition to these projects, revenue generation from a host of other types of real estate endeavors involving public lands/assets has been caused through consulting services.

Federal Government Initiatives
A sharp focus on structuring and implementing real estate developments has produced a number of “first’s” in federal government privatization programs. Included are: public/private partnership transactions to cause private development of government assets; and, numerous transfers and conveyances of assets, including the first zero-cost Rural Economic Development Conveyance nationally, among others.

Base Realignment Closure (BRAC)
Several real estate projects have been guided to fruition that were initiated as a result of downsizing of operations by Defense Department entities under the Base Realignment and Closure (BRAC) actions nationwide.

Enhanced-Use Leasing
BBP LLC is on the cutting edge of utilizing and implementing Enhanced-Use Lease (EUL) techniques. Our senior staff first guided state and local entities, and then federal government agencies, as their real estate development consultant by putting into practice the concept of reusing government real property assets through leases with the private sector.

The practical alternatives provided by Enhanced Use Leasing also have been assessed to guide innovative government-sponsored endeavors. Rather than demolish or “excess” property no longer required, and risk loss of property to other public and perhaps even private parties later and without Agency benefits, exchanges, sub-leases and other creative public-private transfer/financing mechanisms to help fund maintenance, repairs and construction have been explored and implemented. Many different ways have been advocated in which government clients can use their resources by employing best business practices.

Click here to view our Government Asset Management and Privatization Services Brochure.