BRAC

The Department of Defense has recommended that 29 major installations, and dozens of smaller ones, be realigned in BRAC 2005.

The BRAC process represents an unprecedented opportunity for real estate developers to take advantage of the reuse and redevelopment of military real estate scheduled to be affected by BRAC. Concourse has broad real estate expertise, and is very familiar with military installations and DoD requirements. Since the inception of BRAC in 1988, senior staff members of Concourse have been directly involved in designing, developing, evaluating and improving the DoD BRAC process. Concourse offers unique insight and understanding of the BRAC closure and reuse process as it evolved over the past 15 years. Their ability to identify and offer solutions which resolved issues and reconciled divergent views resulted in the selection of a member of Concourse's staff to become the Department of Defense's BRAC Director in 1995. Senior Concourse staff members have provided assistance to the Department of Defense, Congress and communities in planning for and implementing the reuse of bases impacted by the BRAC process.

Through the extensive BRAC experience of its team members, Concourse also has gained an understanding of the communities where the military installations slated for BRAC are located, and thus has an advantage in understanding their redevelopment potential and the concerns of the local communities. Concourse will leverage its expertise in these large scale DoD real estate transactions to help your firm successfully identify, evaluate, pursue and execute BRAC related projects.

Concourse was retained by a national, publicly traded, real estate development firm to assist with the preparation of an RFP to be Master Developer for the redevelopment of Fort Gillem, located in Forest Park, Georgia.