177 Defense Hwy
Annapolis, MD 21401

Public Private Strategies

Restructure of Southeast Regional Housing
Department of the Navy

  • Resulting from a ~$224M shortfall and reduced housing requirements, BBPC represented the DoN in restructuring a multi-state project in excess of 5,000 units
  • Under BBPC’s leadership and negotiations with bondholders, approximately $135M of debt was retired at 91% of par; with approximately $45M in additional debt redemption still under negotiation
  • Additional savings were negotiated through reduced construction scope and the divestiture of assets