We combine extensive public-sector experience with creative financial resource solutions to help state and local governments across the country invest in their communities’ futures. 

Primum: Our History
In January of 2007, Friedman, Billings, Ramsey Group, Inc. and former Washington, D.C. Mayor Anthony A. Williams joined together to create Primum Public Realty Trust, a wholly owned subsidiary of FBR.

Primum serves the government and not-for-profit markets by offering creative financing options to complement traditional capital sources and allow government and not-for-profits to maximize their resources for the public good. 

Why Utilize Primum?
As a rule, priority public infrastructure and capital needs far exceed the capacity of state and local government budgets.  As a result, many projects are deferred or rejected, while plans for revitalizations and development go unrealized. 

When this is the case, a sale-leaseback agreement on real property can provide funding while serving as a complement to public debt financing and other financing options.  Working with Primum can help

• Supplement funding for new projects to prevent tax increases
• Provide new capital without impacting debt ceiling limits