U.S. General Services Administration

Blaine HastingsDisposal Realty Specialist

Auburn, WA2010 GSA Expo

Blaine HastingsDisposal Realty Specialist

Auburn, WA2010 GSA Expo

Thinking of Reporting Real Property as Excess? – Utilization & Disposal of Real Property 101

Thinking of Reporting Real Property as Excess? – Utilization & Disposal of Real Property 101

Office of Real Property Utilization & Disposal

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Overview

Executive Order 13327 Services available through the GSA Office of Real

Property Disposal Target Asset Reviews Disposal Options Studies Marketability Studies Relocation Etc.

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Target Asset Review (TAR)

Resource of asset data, regulatory compliance and decision support information to serve as an asset management tool

Comprehensive review of an agency’s files, records and studies, pertaining to a real property asset

Site inspection Results in a report with documentation to support all

the data provided, including site photos, maps and site plans

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Basic Information included in a TAR

GSA and landholding agency contacts Acreage/buildings/other improvements Acquisitions and disposals History of the use of the property Easements/permits/licenses Access/transportation corridors Historic/cultural issues or concerns Floodplain/wetlands/endangered species

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Basic Information (Continued)

Underground/aboveground storage tanks Asbestos/LBP/Radon/PCBs/Pesticides/Mold Interest Parties Recommendations/Follow-up issues Community issues Asset management recommendations Maps/photos/site plans Additional information

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Disposal Options Studies

Determines viable options for best value to the government considering current real estate market trends

Matrix of alternatives to a typical federal disposal (i.e. federal transfer, discount conveyance, etc.)

Considers conditions where cash sale is favorable Provides marketing strategy for each alternative

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Elements of the Analysis

Exchange Lease/leaseback Other transaction structure Disposal Property redevelopment plan Matrix for analysis

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Deliverables of the Study

Marketing strategy of each alternative Pro forma showing potential value of each alternative Redevelopment plan for each alternative

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Marketability Study

Looks at surrounding market factors, area demand for space, local rental rates and area vacancy rates

Provides marketing strategy for alternatives and identifies options for optimal results

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Relocation

Offers incentive to relocate from obsolete or underutilized facilities

Disposal pays for costs of relocation and new facility, and reimburses itself from sale of old facility

Seeks 2:1 return on investment

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Other Services

Appraisal Highest and best use studies Land use plans

Environmental Studies Phase I, II, III

Retention/Disposal Studies Local Portfolio Plans Custom Scope of Work

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Who Pays for the Services?

Disposal has funds available to pay for certain studies, which result in a disposal action (i.e. TARs)

Disposal pays for relocation and reimburses itself out of sale proceeds

Other services available on a reimbursable basis (i.e. Disposal Options Studies, appraisals, etc.)

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How is a Service Requested?

Contact your local Disposal office Provide information about the property The realty specialist will conduct a needs assessment

and propose which studies are tailored to your current needs

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Your Local Disposal Office

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Contacts

Zone 1: John Kelly – Boston, MA

john.kelly@gsa.gov or (617) 565-5700 Zone 4: Tom Maguire – Atlanta, GA

tom.maquire@gsa.gov or (404) 331-5133 Zone 7: Melvin Freeman – Fort Worth, TX

melvin.freeman@gsa.gov or (817) 978-2331 Zone 9: Clark Vanepps – San Francisco, CA

clark.vanepps@gsa.gov or (415) 522-3420 Zone 11: Victoria Hartke – Washington, DC

victoria.hartke@gsa.gov or (202) 708-5867

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Resources

https://propertydisposal.gsa.govwww.auctionrp.comhttps://rc.gsa.govwww.usa.gov

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Questions?