Phil is joined in this episode by Dee Brown, CEO of The P3 Group, Inc., a commercial real estate, boutique development and consulting firm that specializes in business and community development through the creation of P3's: public private partnerships. Dee explains that The P3 Group’s projects are atypical, meaning that they generally take on modestly sized building projects, which most P3 companies shy away from—due to the complexity of the deals and efforts needed to coordinate these types of municipal projects. For instance, Dee’s first public private project was changing 60,000 pound anchors on a nuclear submarine.

Phil and Dee discuss the benefits of a company like The P3 Group, with its multi-faceted background of team members that include legal, real estate and construction experts. Dee goes on to discuss an exciting project that The P3 Group recently received an award for – an 80,000 sq. ft. regional public safety facility for police, EMS, and other governmental emergency responders. It will be designed to withstand extreme inclement weather, no-power, and no water! Tune in to learn more.

As Chief Executive Officer Dee Brown has a 26 year record of real estate sales, development, management, and success overseeing all phases of multi-million dollar construction, infrastructure, water/sewer, and environmental projects for government and private-sector clients. His experience includes managing personnel of up to 200 people in highway/bridge improvements, asbestos abatement, real estate sales and development, solar installations, and a variety of other projects. Dee is backed by strong credentials and a proven history of on-time, on-budget, and high-quality project completions.

Learn more about the P3 Group here: https://thep3groupinc.com

Doug Childers (HFF) on housing tax credits. What happens when the government utilizes market forces to reinvigorate its public housing programs? For decades, publicly subsidized affordable housing was an underutilized aspect of commercial real estate. This all changed in 1986 with the introduction of the Section 42 Low-Income Housing Tax Credit (LIHTC) program that incentivized private developers and investors to work together to modernize the US’s public housing infrastructure. To give you an idea of the scale of this program, our guest advises that over 50% of the rental units in America today have component of section 42 tax incentives.

Doug Childers, Managing Director at HFF’s Atlanta office (formerly, Holliday Fenoglio Fowler), sits down with Phil and Raul to discuss LIHTC and other tax incentive programs. In his 10 plus years in the industry, Doug has been in involved in the disposition of over 1 billion dollars in affordable housing assets throughout the country including Parkway Gardens on Chicago’s south side. Doug takes Phil and Raul through the hurdles of affordable housing transactions and how LIHTC has incentivized companies, like Google, to get involved in the affordable housing tax credit market. Doug discusses how he built his book of business as a broker and finds leads. Doug also shares his experience working in the Atlanta Braves clubhouse during their dynasty years and the genius of Bobby Cox.

Learn more about Doug’s work in affordable house here:

https://www.linkedin.com/in/doug-childers-1510117/

http://www.multifamilybiz.com/PR/778/HFF_Closes_694Unit_Affordable_Housing_Sale

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Dee Brown, CEO of the P3 Group, Inc. – Changing 60,000 Pound Anchors on Nuclear Submarines – and Other Public-Private Partnership Development

Episode 22 - Doug Childers