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Real Estate Development

Real Estate Development
Animated graphic showing recent EUL projects          Air Force Enhanced Use Lease graphic
The Real Estate Development Division leads execution of Air Force Enhanced Use Lease, Value Based Transactions, Encroachment Management Partnerships and other legacy-based programs. An EUL is a partnership between the Air Force and public entities or private developers to create mutually beneficial commercial projects on non-excess Air Force real estate. In exchange for leasing property, the Air Force receives cash or in-kind consideration, at or above fair market value. EUL projects range from energy to commercial real estate development.

An EMP is an Air Force partnership with a state or political subdivision of state, or a private entity with its stated principal organizational purpose or goal being the conservation, restoration or preservation of land or natural resources in pursuit of restrictive-use or conservation easements to protect Air Force missions from encroachment.

The division's real estate development team provides lifecycle project support. It is organized into three distinct branches: strategic asset utilization, Enhanced Use Lease execution and portfolio management.
 

tabStrategic Asset Utilization Branch 
The Strategic Asset Utilization Branch develops cooperative agreements with eligible entities, develops OSD readiness environmental protection integration, or REPI, proposals, advocates and allocates funding, and oversees lifecycle project execution. The objective is to gain program investment by eligible entities, in order to minimize encroachment threats in and around Air Force installations.
tabExecution Branch 
The Execution Branch takes EUL opportunities from conceptual development and advances projects through to lease signature.
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tabPortfolio Management Branch 
Portfolio Management oversees the long-term health and sustainability of financial return from EULs, easements and other value-based transactions. 
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tabWhat We Do  
  • Develop EULs, value based transactions and legacy based programs (REPI, GSA leases)
  • Identify existing Air Force non-excess real property assets to be developed
  • Assess the feasibility of EUL opportunities
  • Use project management expertise to take a project from concept to lease execution
  • Engage with stakeholders to determine community/industry interest
  • Negotiate lease; prepare documents for lease signing, closing and managing lease during lease term
  • Plan and host on-site industry days
  • Management of financial returns from EULs, easements and other VBTs
  • Oversee the long-term health and sustainability of EUL/VBT projects
tabEUL Program Goals 
  • Foster private sector investment for EULs, VBTs and other legacy based programs.
  • Monetize non-excess real property assets for re-investment into unfunded installation requirements that support mission growth and sustainability
  • Encourage innovative, market based projects that support the war fighter
  • Develop long-term relationships between the Air Force and private industry
  • Provide the Air Force corporate-level asset management by promoting the efficient and economical use of Air Force real property, while assuring "right sized" management and accountability
  • Serving broad post-closing management needs of the Air Force while still providing customized support for installations seeking real property solutions
  • Mitigate risks and leverage benefit for the Air Force

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