About A&M
Public Sector Client Experience
Department of Defense, Office of the Secretary of Defense for Installations & Environment, Housing & Competitive Sourcing
Alvarez & Marsal has been engaged by the Department of Defense (DoD) to assist in the program oversight and management of DoD’s military housing privatization and Enhanced Use Leasing (EUL) programs. Under the housing program, A&M assists DoD with policy and budget development and portfolio management of the more than 100,000 privatized family housing units. EUL involves the out-leasing of underutilized military-owned real property in exchange for cash or in-kind consideration equal to no less than the assets fair market value. Under the EUL program, A&M assists DoD with policy and program development and budget negotiations for the out-lease of up to six million acres of underutilized land and 100 million square feet of underutilized building space.
For more information about DoD’s housing privatization program, visit: http://www.acq.osd.mil/housing/mhpi.htm.
U.S. Army Corps of Engineers, Baltimore District
Alvarez & Marsal has been engaged by U.S. Army Corps of Engineers (USACE), Baltimore District to assist in the development of several Enhanced Use Leasing (EUL) transactions. We recently completed the out-lease of 2400 acres of Army-owned land in Yuma Proving Ground, Arizona, to General Motors Corporation (GM). GM will build its new vehicle testing facility on the site, pay the Army $10.6 million to build a new Army hot weather test complex, and allow joint use of the GM facilities. A&M is currently negotiating an 800-acre EUL transaction at Camp Navajo, Arizona, for the development of a privately-owned and operated industrial complex and bio-mass energy plant; and a 200-acre light industrial development at Ft. Huachuca, Arizona.
For more information about the Army’s EUL program, visit: http://eul.army.mil.
Department of the Navy
Alvarez & Marsal has been engaged as the Department of the Navy’s sole advisor assist in the development and execution of EUL projects throughout the Navy’s portfolio. A&M has completed or begun EUL feasibility studies at the following Naval installations, with potential developments including, but not limited to industrial complexes, office buildings, ports, co-generation and renewable energy plants, and retail facilities:
- Saufley Field, FL
- Yorktown, VA
- Norfolk, VA
- Great Lakes, IL
- Annapolis, MD
- New London, CT
- MCB Quantico, VA
- Craney Island, VA
- Portsmouth, ME
- Newport, RI
- Millington, TN
- Whidbey Island, WA
- Point Loma, CA
Department of the Air Force
Alvarez & Marsal has been engaged by the Department of the Air Force to assist in the development and execution of public-private real estate transactions related to the Air Force’s Military Housing Privatization Initiative (MHPI) and its EUL program. To date, under the MHPI program, the Air Force has privatized nearly 15,000 family housing units, which they previously owned, operated, and maintained. The Air Force’s EUL program is just getting underway - A&M is currently working on EUL transactions at the following Air Force installations, with potential developments including, but not limited to, industrial complexes, office buildings, ports, hospitals, and golf courses.
- Patrick AFB, FL
- Langley AFB, VA
- McConnell AFB, KS
- Travis AFB, CA
- Selfridge ANG, MI
- Lackland AFB, TX
For more information about the Air Force’s MHPI and EUL programs, visit: http://www.afcee.brooks.af.mil/dc/dcp/news/default.asp?topicID=22.
Department of Housing and Urban Development
Alvarez & Marsal has been engaged as a subcontractor with the Department of Housing and Urban Development (HUD) to assist in analyzing and mitigating the risks of disposing of its portfolio of subsidized multifamily housing mortgages under various transactional structures, including securitized sales, whole loan sales and non-securitized structured loan sales. These mortgages have been guaranteed by HUD to finance rental housing for low-to-moderate income families under an assortment of housing subsidy programs, including Section 8, Section 236, Rental Supplement, mark-to-market, below-market rate interest rate loans, and interest rate buy-down loans.
Recovery School District / Orleans Parish School Board, New Orleans, Louisiana
Alvarez & Marsal has been engaged by the Louisiana Department of Education and the Orleans Parish School Board to assist in the redevelopment and recovery of the New Orleans Public Schools post-Hurricane Katrina. A&M is coordinating damage assessments, overseeing and managing construction contracts, and negotiating private insurance and FEMA reimbursement proceeds. To date, A&M has helped open more than 50 schools.
California Department of Motor Vehicles
Alvarez & Marsal Vehicles has been engaged by the California Department of Motor Vehicles (DMV) to assist in developing a strategic facilities plan to align the real estate portfolio with the Department’s vision of improving customer service and the facilities which deliver such services. The DMV is essentially the public face of the California State government, servicing over 25 million drivers in more than 200 owned and leased facilities.
National Capital Revitalization Corporation
Alvarez & Marsal has been engaged by the National Capital Revitalization Corporation (NCRC) to assist in designing and implementing development strategies for various real estate parcels in Washington, D.C. NCRC is a quasi-public entity focused on economic revitalization and the creation of redevelopment opportunities in the District of Columbia.
For more information about NCRC, visit: www.ncrcdc.com.