Honolulu Office · Vertical

Military & Federal Leased RE

Real estate leased to sovereign tenants — GSA, DoD, VA, and allied federal missions in Hawaii, the Pacific, and the continental U.

Real estate leased to sovereign tenants — GSA, DoD, VA, and allied federal missions in Hawaii, the Pacific, and the continental U.S. Government-credit backed cash flow with 10–20 year terms.

Focus Areas

Where we underwrite conviction.

01

GSA Portfolios

Purpose-built federal office and specialized facilities under long-form GSA leases.

02

Military Housing

Privatized housing on and adjacent to CONUS and OCONUS installations.

03

VA & Health Federal

Medical office and specialty facilities backed by VA and Public Health tenancy.

04

Federal-Adjacent

Assets serving federal contractors and mission partners in strategic geographies.

Platform Metrics

By the numbers.

$48B
Committed across federal-tenant real estate
36 assets
GSA, DoD, VA, and mission portfolios
13.2 yr
Weighted lease term at signing
AAA
Sovereign credit backing
Regional Office

Honolulu, HI

Military & Federal Leased RE Vertical
1003 Bishop St Suite 2700 Honolulu, HI 96813
Fund Platform

Funds & Allocations

Funds
2
Total Allocation
$48B
FundFund Size
PCC Military & Federal Leased RE Fund I$24B
PCC Military & Federal Leased RE Fund II$24B
Total — Military & Federal Leased RE$48B
Illustrative — Representative Asset

Bishop Street Federal Center

Honolulu, HI
220,000 SF Class A office · GSA-leased · post-earthquake retrofit · secure entry

Strategic Pacific-facing federal office positioned to serve Indo-Pacific mission expansion.

Anchor tenant: GSA / Pacific-command mission partner (representative)

Market Context

Underwriting environment

Real-world data grounding the thesis
$8.4B
GSA annual leased rent obligations
192M SF
Total GSA leased inventory
+15%
Federal lease renewal rate FY2024

Serious capital for military & federal leased re.

Qualified LPs and institutional partners can request the full data room and current allocation window.

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