PUBLIC PRIVATE PARTNERSHIP | REALTORS® | DEVELOPERS | BUILD TO SUIT
The P3 Group, Inc. is a commercial real estate firm and boutique development and consulting firm that specializes in business and community development through the creation of public private partnerships also known as P3's; and commercial real estate brokerage and leasing, with corporate, federal, state, county, and municipal governments. Public private partnerships between a government agency and private-sector company can be used to design, build, finance, operate, and maintain projects, such as public transportation networks, student housing, college dining halls, parks, and convention centers. Financing a project through a public-private partnership can allow a project to be completed sooner or make it a possibility in the first place.
COMMERCIAL REAL ESTATE BROKERAGE AND LEASING
The P3 Group, Inc. offers a turn key P3 solution including our partnership with our design build contractor with more than $1.5 billion in bonding capacity, architects, engineers, and a team of attorney that specialize in all aspects of P3’s, tax credits, and procurement. The P3 Group Realtors® provide our clients with a broad array of commercial real estate services including tenant representation, acquisitions, build to suit leases, and design build finance lease purchase solutions. The P3 Group Realtors® offers commercial real estate brokerage and leasing services in Tennessee, Arkansas, and Mississippi.
PUBLIC PRIVATE PARTNERSHIP
Public private partnerships can have contract periods of up to 30 years or longer. Financing comes partly from the private sector but requires payments from the public sector and/or users over the project's lifetime. The private partner participates in designing, completing, implementing and funding the project, while the public partner focuses on defining and monitoring compliance with the objectives. Risks are distributed between the public and private partners according to the ability of each to assess, control and cope with them.
Although public works and services may be paid for through a fee from the public authority's revenue budget, such as with hospital projects. In cases such as tolls for highways and wastewater treatment, payments are based on actual usage of the service.
Private-sector technology and innovation help provide better public services through improved operational efficiency. The public sector provides incentives for the private sector to deliver projects on time and within budget. In addition, creating economic diversification makes the country more competitive in facilitating its infrastructure base and boosting associated construction, equipment, support services and other businesses.