Alvarez & Marsal’s (A&M) Real Estate Advisory Services practice has been awarded a five-year, $88 million contract to assist the U.S. Air Force with its military housing and other public-private real estate programs. The contract, referred to as Air Force Post-Closing Management 2013 (PCM-13), which was originally awarded in December 2013 after a competitive bidding process, and then reaffirmed today, involves a joint venture with CW Financial Services LLC (CWFS).
A&M and CWFS will provide advisory and asset management services to the U.S. Air Force in connection with its privatized housing portfolio, which includes more than 55,000 homes located on 60 Air Force bases around the country as well as enhanced use lease projects involving commercial and industrial properties, among other initiatives. Work is expected to begin immediately.
“Alvarez & Marsal has advised the federal government on a variety of public-private real estate programs for nearly a decade,” said Jay Brown, Managing Director with A&M's Public Sector Real Estate Services practice. “The size and complexity of the Air Force’s portfolio requires much more than real estate expertise, making A&M and CWFS uniquely qualified to bring together a diverse team of restructuring, risk management, insurance, tax, forensics, performance improvement and asset management professionals to represent the Air Force’s interest in these assets.”
Privately-held since 1983, A&M is a leading global professional services firm that delivers performance improvement, turnaround management and business advisory services to organizations seeking to transform operations, catapult growth and accelerate results through decisive action. Our senior professionals are experienced operators, world-class consultants and industry veterans who draw upon the firm's restructuring heritage to help leaders turn change into a strategic business asset, manage risk and unlock value at every stage.
A&M’s Real Estate Advisory Services delivers results-focused insights to management and investors seeking to accelerate performance, overcome challenges, and maximize the value of their real estate holdings. The team applies proven experience across a range of industries and property types to provide credible real estate services for clients.