Real Estate Development

Animated graphic showing recent EUL projects  

AFCEC 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.

Strategic Asset Utilization

AFCEC develops cooperative agreements with eligible entities, develops Office of the Secretary of Defense 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.

EUL Execution

Our EUL Execution support takes EUL opportunities from conceptual development and advances projects through to lease signature.
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Portfolio Management

Portfolio Management oversees the long-term health and sustainability of financial return from EULs, easements and other value-based transactions.

What 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