Public Facilities Group

What Public Facilities Group does

Public Facilities Group (PFG) is a Seattle-based, not-for-profit Public-Private Partnership (P3) development firm that structures and delivers social infrastructure for public agencies. Founded in 2015 by John Finke, Erin Birkenkopf, and Matt Calcavecchia after spinning out of the National Development Council (NDC), PFG operates the 63-20 Progressive Design-Build (New American Approach) methodology: a not-for-profit special purpose entity issues tax-exempt 63-20 bonds to finance 100% of project costs, while private design and construction teams deliver the facility under short-term management agreements rather than the long-term O&M contracts typical of DBFOM P3s.

The firm's core product is its P3 development service, encompassing project conception, financial structuring, bond issuance, developer and architect procurement, construction oversight, and asset transfer to the public agency at debt maturity. PFG serves city, county, and state governments as well as public universities, with a completed and active portfolio spanning administrative offices (e.g., the 21-story Vermont Corridor for LA County), police facilities (Salinas PD HQ), libraries (El Gabilan), data centers (Washington State Data Center), student housing (Nordheim Court, Radford Court), and healthcare/social services (Fircrest at $206.8M, financial close Nov 2024). Each project is housed in a discrete not-for-profit SPE, and 63-20 bonds issued through this structure have achieved AA/AA+ ratings from S&P and Fitch.

PFG earns development and transaction fees at financial close on each P3 deal plus short-term management fees during the debt repayment period, distributing its services exclusively through government RFP/RFQ processes. The firm's value proposition rests on the 100-200 basis point cost advantage of tax-exempt versus taxable debt, documented project savings of $4M-$24.75M, on-time or ahead-of-schedule delivery, and board control provisions that allow public agencies to retain administrative control during the debt term. The leadership team markets the methodology through industry publications (P3 Bulletin, The Bond Buyer, PM Magazine, American City and County) and has accumulated multiple ENR, BOMA, NAIOP, AIA, and IEDC awards across the portfolio.

Name

Public Facilities Group

Legal name

Public Facilities Group

Website

https://publicfacilitiesgroup.org

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

1–10 employees

Short description

Public Facilities Group is a Seattle-based not-for-profit P3 development firm that uses 63-20 tax-exempt bond financing and progressive design-build to deliver civic, university, and social infrastructure for city, county, and state government clients.

Ownership category

akta.pro rank

Product category

Public-Private Partnership (P3) Infrastructure Development

NAICS

Funds, Trusts, and Other Financial Vehicles (525)

SIC

Asset-Backed Securities (6189), Federal & Federally-Sponsored Credit Agencies (6111), Services-Facilities Support Management Services (8744)

akta.pro primary industry

Real Estate Public-Private Partnership (PPP) & Infrastructure-Adjacent Real Estate Advisory (BPAJANAL)

akta.pro secondary industries

Real Assets — Social Infrastructure / PPP (Schools, Hospitals, Government Facilities) (FSAHAIAH), Infrastructure & Project Finance Private Debt (FSANADAH)

Keywords

• Public-private partnerships
• Tax-exempt bond financing
• Progressive design-build
• Social infrastructure development
• Municipal facility financing

Headquarters

HQ city

Seattle

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Others

Revenue model

1. Development and Transaction Fees: PFG earns development fees and transaction fees for structuring P3 deals, creating SPEs, issuing bonds, and overseeing project delivery. Revenue is project-based rather than recurring.
2. Ongoing Management Fees: Short-term facility management fees during the debt repayment period while the SPE maintains ownership of the project.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels7 records

Core offering

Public Facilities Group provides Public-Private Partnership (P3) development services for social infrastructure projects using its 63-20 Progressive Design-Build (New American Approach) methodology. PFG creates not-for-profit special purpose entities that issue tax-exempt bonds to finance 100% of project costs, then oversees design and construction delivery by private-sector developers and contractors. Services encompass project conception, financial structuring, bond issuance, procurement, design oversight, construction management, and short-term facility management during the debt repayment period before asset transfer back to the public agency.

Product overview

Public Facilities Group (PFG) is a P3 development firm offering a single, integrated service model centered on the 63-20 Progressive Design-Build (New American Approach) methodology. Rather than a software platform, PFG provides end-to-end public-private partnership development services for social infrastructure projects including government buildings, libraries, police facilities, university buildings, student housing, and healthcare facilities. The core offering is their development methodology using tax-exempt 63-20 bonds issued through not-for-profit special purpose entities, combined with private-sector design and construction expertise. PFG's project portfolio demonstrates this methodology across diverse facility types including the Vermont Corridor County Administrative Offices (LA County), Salinas Police Services Headquarters, El Gabilan Library, Washington State Data Center, and multiple university projects.

Differentiator

Problem solved

Functional benefit

Quantifiable outcome

• Vermont Corridor project completed 4 months ahead of schedule with $24.75M in savings; reduced County rent by $980K/year = $32.34M total savings over 33-year debt term
• +3 more outcomes

Named customers9 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

23 partnerships are on record, tiered core and minor.

• Trammell Crow CompanycoreStrategic or Co-development Partner · 9 August 2016Developer partner on multiple major projects including Vermont Corridor County Administrative Offices and Gateway at Alhambra. Collaborates with PFG on P3 transactions using tax-exempt bond financing.
• GenslercoreStrategic or Co-development PartnerArchitecture firm serving as lead architect on Vermont Corridor County Administrative Offices Building (LEED Gold, 21-story).
• Hathaway DinwiddiecoreStrategic or Co-development PartnerGeneral contractor on Vermont Corridor County Administrative Offices project.
• Griffin Structures (as Griffin Swinerton)coreStrategic or Co-development PartnerDeveloper/contractor joint venture partner on Salinas Police HQ and El Gabilan Library projects.
• Anderson Brule ArchitectscoreStrategic or Co-development PartnerArchitect on El Gabilan Branch Library project.
• Swinerton BuilderscoreStrategic or Co-development PartnerGeneral contractor on Salinas projects (joint venture as Griffin Swinerton).
• LPA, Inc.coreStrategic or Co-development PartnerArchitecture firm for Salinas Police Services Headquarters.
• LorigcoreStrategic or Co-development PartnerDeveloper partner on Wood Center Dining Facility and Radford Court student housing projects.
• Perkins+WillcoreStrategic or Co-development PartnerArchitect on Wood Center Dining Facility project.
• Wright Runstad & CompanycoreStrategic or Co-development PartnerDeveloper partner on Harborview Ninth and Jefferson Building and Redmond City Hall.
• NBBJcoreStrategic or Co-development PartnerArchitecture firm on Harborview Ninth and Jefferson Building and Washington State Data Center.
• Turner ConstructioncoreStrategic or Co-development PartnerGeneral contractor on Harborview Ninth and Jefferson Building; Architect on Center for Urban Waters.
• Miller Hull PartnershipcoreStrategic or Co-development PartnerArchitecture firm on Bothell City Hall project.
• Vulcan Real EstatecoreStrategic or Co-development PartnerDeveloper partner on Bothell City Hall project.
• GLY ConstructioncoreStrategic or Co-development PartnerGeneral contractor on Bothell City Hall project.
• Langdon Wilson InternationalcoreStrategic or Co-development PartnerArchitecture firm on Gateway at Alhambra and Riverside County Law Building.
• Millie and SeversoncoreStrategic or Co-development PartnerGeneral contractor on Gateway at Alhambra and Riverside County Law Building.
• Howard S. Wright ConstructioncoreStrategic or Co-development PartnerGeneral contractor on Washington State Data Center.
• Anchor Health PropertiescoreStrategic or Co-development PartnerDeveloper partner on Fircrest Residential Habilitation Center Campus.
• DLR GroupcoreStrategic or Co-development PartnerArchitecture firm on Fircrest Residential Habilitation Center Campus.
• Kiewit ConstructioncoreStrategic or Co-development PartnerDesign-builder on Fircrest Residential Habilitation Center Campus.
• Snyder Langston, LLCcoreStrategic or Co-development PartnerGeneral contractor on Vermont Corridor County Administrative Office Site 2.
• National Development Council (NDC)minorStrategic or Co-development PartnerNDC is the former employer of PFG founders and current project ownership partner. PFG staff led projects at NDC before forming PFG in 2015; NDC maintains ownership of several projects on behalf of public partners.

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Market position

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance10 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Public Facilities Group