The Budget Control Act (BCA) of 2011 mandated reductions to the DoD budget and resulted in less money to support current manning levels, operations, weapons systems, and facilities infrastructure. These lower budgets have forced the Services to underinvest in facility maintenance, accelerating the deterioration of DoD asset portfolios. Moreover, as the Services reduce manning further, many current facilities will become redundant. DoD has long favored the Base Realignment and Closure (BRAC) process to pare down its holdings, but for over a decade Congress has refused to authorize a new BRAC. DoD needs to concentrate its limited funds on preventing deterioration of its core strategic asset portfolios, those critical to core missions which often require a high degree of physical security, for which there is limited or no equivalent commercial capacity, and which cannot be easily recreated. DoD can shed less critical asset portfolios- and many unneeded buildings--by developing new public-private partnerships.