Houston Community College System – Southwest College – Alief Center

/in /by

Houston Community College System, Southwest College, Alief Center

In January 2001, The Keystone Group, Inc., entered into a lease agreement Houston Community College system for an approximate 42,000 square foot facility to accommodate the needs of the College’s Alief Center. The project, which was delivered in August 2001, involved the acquisition and renovation of an existing structure as well as the construction of approximately 7,000 square feet of new space. Because of the expedited delivery schedule, the Center was available for the Fall 2001 semester.

In 2002, Keystone successfully negotiated a lease amendment with the college to convert the existing operating lease to a long-term capital lease.

  • Acquisition and renovation of existing facility
  • Construction of 7,000 square feet of new space
  • Total 42,000 square feet of classroom and administrative space
  • Expedited delivery schedule (5 months)
  • Predetermined lease rate
  • Subject to annual appropriations
  • $1.00 purchase option at the end of the lease term

 

Houston Community College System – Northwest College – Town & Country Campus

/in /by

Houston Community College System

Northwest College

Town & Country Campus

In June 2000, The Keystone Group, Inc., an affiliated entity, acquired an existing facility where Houston Community College System had a long-term traditional operating lease. Keystone simultaneously negotiated a lease amendment with the college converting the lease to a long-term capital lease. Under the amended structure, Keystone was able to make additional square footage available to the College and increase its parking capacity, while maintaining its committed lease rate and providing ownership opportunity under a capital lease program.

  • Acquisition of existing 154,850 square foot facility
  • Made available 154,850 square foot versus 110,919 square foot under existing operating lease
  • Provided additional acreage to increase student parking by 15% at no additional cost to college
  • Lowered combined lease cost by $1.50+ per square foot
  • Freed up $9.8 million in encumbered funds
  • Predetermined lease rate
  • Subject to annual appropriations
  • $1.00 purchase option at end of lease term

City of Houston / Greater Harris County 911 Emergency Center

/in /by

 

The City of Houston / Greater Harris County 911 Emergency Center project was the design, construction and financing of a 128,000 square foot facility to house the City’s combined public safety communications operations.

The facility is a two-story, single use facility located on an approximate 10-acre site in near north Houston. The structure, which is cast-in-place with masonry exterior, is specifically designed to meet the structural and windload requirements to withstand winds up to 150 mph.

This project was delivered in March 2002 under an expedited schedule.

  • Location: Houston, Texas
  • Size: 128,000 Square Foot
  • Design: 2-story, modular construction
  • Construction: Cast in Place concrete with masonry exterior
  • Wind Capacity: Structural design to withstand 150 mph winds
  • Lock down capacity: 10-day lock down capacity
  • Redundancy: Redundant mechanical, electrical and plumbing
  • Site Access: Secured
  • Security: Landscaped to create buffer zone and provide camouflage for added security

Bayonet and Blackhorse Golf Club

/in /by

Bayonet and Blackhorse Golf Club, located on the famed Monterey Peninsula, is situated on the former Fort Ord military installation. First developed in 1954 by General Robert McClure, Bayonet Golf Course comprises 7,104 yards of oak and cypress-lined fairways. Black Horse was designed in 1964 by General Edwin Carnes. As it exists today, Black Horse is noted for its long rolling fairways, “championship golf tees,” and alluring panoramic views of the Monterey Bay. After the base closure the Bayonet and Black horse Golf Courses were subsequently purchase of by the City of Seaside with funding provided by BSL Golf, which had entered into a public private partnership agreement that allowed BSL to manage the courses for profit for thirty years. Were able to secure the design and entitlements for an approximate 250 acres to provide 80 timeshare, up to 300 hotel rooms, and 100 single-family residence on a site adjacent to and contiguous to Bayonet and Black Horse Golf Course. Under the management of BSL, Bayonet and Black Horse gained increased recognition and quickly emerged as popular public and championship courses and continue to hold their place amongst the best golf courses on the Monterey Peninsula. Both courses are steeped in rich tradition and have played host to PGA tour greats such as Palmer, Nicklaus, and Watson, as well as several U.S. Presidents and foreign dignitaries.

  • Location: Seaside, California
  • Asset Type: Land to master-planned community
  • Acquisition Date: 1997
  • Sale Date: 2005

 

NAS Pensacola, 801 Housing

/in /by

NAS Pensacola, 801 Housing

Situated within the NAS Pensacola, Universal Service Fort Hood, Inc., an affiliated entity, was awarded a contract by the United States government to design and build a subdivision containing 300 homes. NAS Pensacola privatized housing communities are comparable to housing in the local community and provide a wide variety of amenities and support services with amenity features such as Community Center with pool and splash park, tot/play lots, picnic areas, and walking trails. Once rent stabilization was achieved, the completed and leased project was sold. The project is currently owned by Balfour Beatty Communities.

  • Location: Naval Air Station, Pensacola, Florida
  • Asset Type: Land to master-planned community
  • Housing Units: 300

Cannon Air Force Base, 801 Housing

/in /by

Cannon Air Force Base, 801 Housing

Situated within the Cannon Air Force Base, Universal Service Fort Hood, Inc., an affiliated entity, was awarded a contract by the United States government to design and build a subdivision containing 150 homes. Cannon Air Force Base privatized housing communities are comparable to housing in the local community and provide a wide variety of amenities and support services with amenity features such as Community Center with pool, Neighborhood Center with splash park, tot/play lots, picnic areas, walking trails, covered bus shelters, tennis and sand volleyball courts, and baseball and soccer fields. Once rent stabilization was achieved, the completed and leased project was sold. The project is currently owned by Balfour Beatty Communities.

  • Location: Cannon Air Force Base, New Mexico
  • Asset Type: Land to master-planned community
  • Housing Units: 150

Fort Bragg, 801 Housing

/in /by

Fort Bragg, 801 Housing

Situated within the Fort Bragg military base, Universal Service Fort Hood, Inc., an affiliated entity, was awarded a contract by the United States government to design and build a subdivision containing 250 homes. Fort Bragg privatized housing communities are comparable to housing in the local community and provide a wide variety of amenities and support services with amenity features such as Community Center with pool and fitness center, tot/play lots, picnic areas, and walking trails. Once rent stabilization was achieved, the completed and leased project was sold. The project is currently owned by Corvias Military Living.

  • Location: Fort Bragg, North Carolina
  • Asset Type: Land to master-planned community
  • Housing Units: 250

USFH Solar Field

/in /by

In 2012, after a year of planning and construction, Fort Hood and Universal Services Fort Hood Inc. activated a solar field of nearly 3,000 photovoltaic panels. The four-acre solar field, near Liberty Village community, generates one million kilowatt-hours of renewable energy annually for 300 single-family homes, comprising 20 percent of the energy for Liberty Village. USFH was responsible for financing, constructing, operating and maintaining the solar array and equipment and did so at no cost to the Army or the taxpayers. “This has been a great partnership and investment into renewable energy,” Brian Dosa, director of the Fort Hood Directorate of Public Works

Liberty Village

/in /by

Situated on 56.9 acres within the Fort Hood military base, Liberty Village is Fort Hood’s premier master-planned community. In 1987, Universal Service Fort Hood, Inc., an affiliated entity, was awarded a contract by the United States government to design and build a subdivision containing 300 homes, to build, operate and maintain a wastewater treatment plant, and construct and staff a maintenance facility to uphold the housing units and subdivision. Universal Service Fort Hood currently holds a ground lease on the development through 2029.

 

  • Location:             Fort Hood, Texas
  • Asset Type:             Land to master-planned community
  • Acquisition Date: 1987
  • Acreage: 9
  • Housing Units: 300
  • Ground Lease Expiration: 2029

Weston Lakes

/in /by

Weston Lakes is an upscale, gated community situated some 30 miles west of Houston nestled among the gently rolling hills and stately old pecan trees. The approximate price range of homes in Weston is $275,000 to over $1 million. Weston lakes’ most distinguishing characteristics are its 24-hour guarded security gate, the Weston Lakes Country Club, with an 18-hole golf course designed by U.S. Open Champion Hale Irwin and a series of serene lakes that flow through the community. In 1994 Sierra Golf Corporation (an affiliated entity) acquired the Weston Lake community, then consisting of 262 developed lots, approximately 550 undeveloped acres, and 18-hole championship golf course, and a 14,000 square foot English-style clubhouse with amenities. Since acquiring the property, Sierra has been successful in selling the 262 developed lots as well as approximately 427 undeveloped acres. Approximately 98 acres were sold to a related entity for the development of Oxbow Island Estates. At completion, Oxbow Island will consist of 107 lots, including 46 waterfront lots on Oxbow Lake and 61 wooded estate lots.

 

  • Location: Fulshear, Texas
  • Asset Type: Land to master-planned community
  • Acquisition Date: 1994