Federal Leases and Project Finance/P3/P4

Federal Government Structured Project Financings – Our team has a long history of developing innovative securitizations of various federal cash flows totaling approximately $1 billion. Their experience spans federal enhanced use leases, energy savings performance contracts, and real property leases including the following:

• Department of Energy, National Nuclear Security Administration, Pantex Plant Administrative Support Complex - securitization of federal lease payments to finance development of 342,800 square feet of space for approximately 1,100 administrative personnel that previously worked in 52 separate buildings at the Pantex Plant. The Project includes office space, an auditorium, a cafeteria and a medical clinic. (See case study)


• Department of Defense and three other cabinet level Departments - first ever securitization of federal Energy Service Contract (ESC) Payments for development of a Central Utility Plant and Utilidor pursuant to an Enhanced Use Lease with the U.S. Army on the campus of the Interagency Biodefense Campus at Ft. Detrick, MD


• Department of Agriculture – first ever tobacco subsidy transition payment program whereby ongoing federal payments to thousands of growers for the elimination of tobacco subsidies were purchased and monetized


• Department of Energy, National Nuclear Security Administration, Y-12 National Security Complex - securitization of federal lease payments to finance development of 550,000 square foot Public Interface Facility and an Engineering and Production Interface Facility as a major part of the revitalization of the complex


• Department of Energy, Oak Ridge National Laboratory - securitization of federal lease payments to finance development in conjunction with the Industrial Development Board of the City of Oak Ridge, TN of a Computational Sciences Building (housing the world’s fastest non-defense computer), Engineering Technology Facility, Research Office Building, and Multi Research Program Facility which combined house over 1,000 researchers, scientists, engineers and staff as part of the $370 million revitalization of the laboratory


• Department of Agriculture, Natural Resources Research Center - securitization of federal lease payments to finance development of a facility on the campus of the Colorado State University Centre for Advanced Technology


• Federal Energy Regulatory Commission – securitization of lease payments for the development of a facility in Indianapolis to house the Midwest Independent System Operator, a non-profit organization formed with the approval of FERC to coordinate, control and monitor the use of the electric transmission system


• Federal Aviation Administration - securitization of federal lease payments for development in conjunction with the City of College Park, GA Business and Industrial Development Board of the FAA’s Southeastern Flight Headquarters located near Hartsfield International Airport


• Veteran’s Administration – securitization of federal lease payments for development in conjunction with the Medical University of South Carolina of a portion of the cost of the Strom Thurmond Biomedical Research Facility


• Department of Homeland Security, FBI, CIA and DoD – confidential private placement for the securitization of federal lease payments to finance development of the interagency National Counterterrorism Center


• Various Department of Defense locations and NASA – securitization of numerous Energy Savings Performance Contracts owned by the Energy Services Contractor, Honeywell