NIGP 91766: Lease Purchase, Personal Property/Other

NIGP 91766 Lease Purchase, Personal Property/Other is an Item code covering ground leases, property development agreements, and long-term occupancy arrangements that state and local governments use to acquire use rights to real property without outright purchase. Recent solicitations show state and local bodies buying lease arrangements for airport hangars, vacant property development, vacant land operations, and multi-year management of residential complexes, with transactions structured as ground leases with renewal options, development partnerships, or property management contracts tied to occupancy or operational revenue. Issuing bodies span city airports, county governments, housing authorities, and special-purpose districts. The City of Sebastian, Florida; Collier County Board of County Commissioners; Dallas Housing Authority; Fayette County, Georgia; and Bernalillo County have all posted opportunities under this code recently, reflecting activity from municipal, county, and housing authority procurement offices across different regions.

Geographic activity appears concentrated in Florida (Sebastian, Collier County, and Valencia College in the broader education-related infrastructure support space) and Georgia (Fayette County), with Texas (Dallas Housing Authority) and New Mexico (Bernalillo County) also active. Representative recent opportunities include the City of Sebastian's RFP 26-04-RFP seeking proposals to lease and develop five airport property parcels for 60'x60' aircraft hangars under a 30-year ground lease with two optional 10-year renewal extensions, due December 11, 2025, and Collier County's Invitation to Negotiate 26-8679 for development or outright purchase of a 6.86-acre vacant property in Naples, Florida, with proposals due October 14, 2026, structured to attract either affordable housing development or cash purchase. Fayette County issued ITB 27004-B on July 8, 2026 for a land lease of approximately 22 acres for productive use including mulching, recycling, or staging operations, with bids due August 6, 2026. Dallas Housing Authority sought property management proposals for 560 multifamily residential units across three properties, with pricing structured as a percentage of collected revenue and proposals due October 8, 2026.