Airport authorities, FBO landlords, hangar portfolio owners, and aviation-RE capital need advisors who already know how the tenant underwrites, how the operator thinks, and where the terminal value hides on a 40-year ground lease. We sit on the counterparty side of transactions most brokers only see from one chair.
Airport-adjacent real estate is priced like industrial, negotiated like a public-use concession, and operated like infrastructure. The landlord-authority stack sets the boundary conditions. The operator stack prices around them.
Airport CRE represents the landlord-authority stack. Angelo Mitlo has sat on the operator stack as an FAA Aircraft Dealer, a Part 145 Repair Station owner, and a patent-holder in aviation asset recovery. The counterparty work benefits from the view across the table.
Ground lease advisory. FBO and hangar dispositions. Airport-adjacent portfolios. Development advisory. Each line is run with operator-side fluency and counterparty-side mandate.
Negotiation, restructuring, and renewal of ground leases between airport sponsors or private landlords and FBO, MRO, hangar, and flight-school operators. Written from the counterparty side, with operator-side fluency on reversion, improvement allowances, and option structure.
Sale, recapitalization, and portfolio divestiture of fixed-base operations and hangar assets. Positioning for strategic buyers and financial sponsors; terminal-value modeling on ground lease remainders; buyer universe built from the actual aviation operator rolodex.
Industrial, flex, and office product that abuts the fence line — the real estate aviation tenants and their suppliers actually occupy. Underwriting built around proximity economics: taxiway access, security tier, part-141 traffic, Part 145 cluster effects.
Site planning support for authorities and sponsors building new hangar rows, apron expansion, Part 145 condominium rows, mixed-use airfield development. What the operator market will actually absorb, at what rate, with what tenant quality.
Municipal airport commissions, port districts, public-use sponsors, and FAA-designated airport operators looking to negotiate, renegotiate, or dispose of leasehold interests on the field.
Private landowners, developer-landlords, and institutional owners of hangars, FBO ground-lease interests, airport-adjacent industrial, and specialty aviation assets — buy, sell, or hold strategy.
Family offices, aviation-adjacent operators, and specialty real-estate capital looking at aviation infrastructure as an asset class — underwriting support, buyer-side search, and capital-markets introductions.
Ten airports, mixed ownership models. Public-use sponsors, private commercial operators, municipal airport systems, and port-district authorities. One advisor who works every ownership model on the counterparty side.
Active certificate — operator-side fluency in title, bill of sale, and registry mechanics.
Owned and operated a certificated maintenance organization — understands MRO tenant economics from the inside.
Buy/sell-side experience across business jets, turboprops, and airline-fleet level transactions.
Named inventor on a US patent for an aviation recovery process — technical depth on unusual aviation assets.
A ground lease is priced in dollars-per-square-foot. It is decided in reversion terms, improvement allowances, and what the operator can finance against. Capital that misses that half of the sentence leaves money on the apron.Angelo Mitlo · Houston
Ground lease to structure, FBO to dispose, airport-adjacent portfolio to underwrite, or a development program that needs a counterparty check against the operator market. Brief in, brief back.