Enhanced Use Leasing (EUL)
BBPC & Associates Inc. is at the forefront of conducting enhanced use leasing (EUL) transactions as a means for making the most of underutilized assets and catalyzing redevelopment. As their real estate development consultant, we guided state and local entities and federal government agencies by implementing the reuse of government real property assets through leases with the private sector.
For decades, we employed leasing long before the passage of EUL legislation. In our 21-year history, BBPC & Associates Inc. has provided EUL assistance to all four branches of the military, the Coast Guard, the Office of the Secretary of Defense, and the Department of Veterans Affairs. We also have clients at the state and local level.
Flexible Leasing Solutions
BBPC & Associates Inc. has implemented leasing projects under EUL provisions, as well as through economic development conveyances, 10 U.S.C Section 2667 leases, and single-base special purpose federal legislation. In these endeavors, our government clients have entered into short- and long-term leases permitting greater flexibility for facility reuse and, in return, have received income or in-kind compensation on leased properties, negating the need for Congressional appropriations.
The practical alternatives provided by EUL have been assessed by BBPC & Associates Inc. as we guided innovative government-sponsored endeavors. Demolishing “excess” property means the loss of property to other public and perhaps even private parties later without agency benefits. Instead of demolition, we have explored and implemented exchanges, subleases, and other creative public-private transfer/financing mechanisms to help fund maintenance, repairs, and construction.