Public Properties LLC

Public Properties LLC, a for-profit limited liability company headquartered in Washington, DC, operates as a commercial real estate brokerage delivering leasing support services and lease acquisition to the General Services Administration as a prime contractor on a nationwide basis across full-and-open federal procurement, with no set-asides and no subcontractor footprint.

Public Properties LLC's federal business centers on GSA leasing support across two primary contract vehicles: a $196 million potential-value IDIQ (47PA0520D0004) and a $143 million potential-value IDIQ (GS00P15BQD7015), together accounting for 343 of 503 total prime awards. The vendor's capability footprint is concentrated in a single NAICS category — Offices of Real Estate Agents and Brokers (462 awards) — and a single PSC: Support–Professional: Real Estate Brokerage (460 awards). Work scope consists of requirements development, lease acquisition, lease amendments, and post-award leasing administration for federal tenant occupancy across dozens of GSA regions and customer agencies. Representative orders include GSA Leasing Support Services delivery orders for the Social Security Administration in Dallas, Texas (completion January 31, 2025); the Federal Bureau of Investigation in Austin, Texas (completion May 3, 2027); and the Department of Homeland Security in Tampa, Florida (completion May 2, 2028), each with firm fixed pricing at one dollar per order. Public Properties also holds a single-award IDIQ from GSA Region 8 (47PA0520D0005) with a $5,000 ceiling running through January 15, 2027, which has generated orders in Nashville, Atlanta, Fort Worth, and multiple other locations across completion dates extending to May 2030.

Customer concentration is heavily weighted toward GSA's broker services operation. The General Services Administration Public Buildings Service Central Office Center for Broker Services accounts for 391 awards ($386 potential value combined); GSA Public Buildings Service holds 26 awards ($26 potential value). By dollar magnitude, the portfolio tilts sharply toward Department of Veterans Affairs facilities work: the VA Office of Construction and Facilities Management anchors 20 awards worth $165.3 million combined potential value, and two additional VA sub-organizations (Veterans Integrated Service Network 2 and VISN 19) contribute $15.8 million across 12 orders. The Department of Commerce National Oceanic and Atmospheric Administration brings 20 awards totaling $1.3 million. These top five customers represent 95% of the portfolio's combined potential value.

Activity has been steady: 54 prime awards in 2022, 53 in 2023, and 53 in 2024, with 22 awards posted in 2026 year-to-date (through July 9). The 107 awards completing in the next twenty-four months carry a combined potential value of $107, indicating a low recompete cliff in dollar terms but a high volume of task-order expirations. The vendor obligates only $2.5 million (1% of combined potential value), suggesting that Public Properties LLC's awards are predominantly indefinite-quantity vehicles with individual task orders carrying nominal ceiling values of one dollar, with actual invoicing driven by broker commission rates and property acquisition activity rather than stated contract ceilings. SCI data reflects minimal scale: 0.6 FTEs reported across 12 subcontractor records in FY2024, indicating the vendor operates almost entirely as a prime without meaningful sub-engagement on federal service contracts above the $150,000 SCI threshold.

Public Properties LLC specializes in providing federal government lease transactions and real estate advisory services to both federal government agencies (such as VA and NOAA) and private sector property owners with government leases.