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Blaine Hastings Disposal Realty Specialist Auburn, WA 2010 GSA Expo

Office of Real Property Utilization & Disposal. Thinking of Reporting Real Property as Excess? – Utilization & Disposal of Real Property 101 . Blaine Hastings Disposal Realty Specialist Auburn, WA 2010 GSA Expo. Overview. Executive Order 13327

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Blaine Hastings Disposal Realty Specialist Auburn, WA 2010 GSA Expo

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  1. Office of Real Property Utilization & Disposal Thinking of Reporting Real Property as Excess? – Utilization & Disposal of Real Property 101 Blaine HastingsDisposal Realty SpecialistAuburn, WA2010 GSA Expo

  2. Overview • Executive Order 13327 • Services available through the GSA Office of Real Property Disposal • Target Asset Reviews • Disposal Options Studies • Marketability Studies • Relocation • Etc.

  3. 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

  4. 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

  5. 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

  6. 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

  7. Elements of the Analysis • Exchange • Lease/leaseback • Other transaction structure • Disposal • Property redevelopment plan • Matrix for analysis

  8. Deliverables of the Study • Marketing strategy of each alternative • Pro forma showing potential value of each alternative • Redevelopment plan for each alternative

  9. 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

  10. 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

  11. 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

  12. 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.)

  13. 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

  14. Your Local Disposal Office

  15. 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

  16. Resources • https://propertydisposal.gsa.gov • www.auctionrp.com • https://rc.gsa.gov • www.usa.gov

  17. Questions?

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