Office of Real Property Asset Management Appraisal Programs and Contracting Opportunities January 2009

GSA – Federal Agency Update U. S. General Services Administration Public Buildings Service (PBS) One of the largest and most diversified public RE organizations in the world. In 2,100 communities 6,197 employees About 30 appraisers

GSA – Federal Agency Update 1,513 Owned Buildings; 176 million RSF 7,106 Leased Bldgs; 175 million RSF Over 1,000,000 workers in PBS space 420 historic buildings, including 63 National Historic Landmarks

GSA – Federal Agency Update PBS in your community Customers (major) Justice Judiciary Treasury Defense Homeland Security Social Security Interior Health and Human Services Education EPA……and many more Good Neighbor Program Arts in Architecture Design Excellence Day Care

GSA – Federal Agency Update` Real Property Asset Management $2 to 3 Million $2 to 3 Million annually for individual contracts for appraisal services 3 Appraisal Programs: Fair Market Value (FMV) and Acquisition Fair Annual Rent (FAR) Property Disposition, Utilization

GSA – Federal Agency Update FMV Appraisal Program –Managed by Central Office Approximately 150 assets appraised in 2008 Included major complexes; high profile properties, Federal office buildings and courthouses Self-contained, complete, extensively reviewed Cycles through the entire owned inventory

GSA – Federal Agency Update FAR Appraisal Program –Managed by 11 GSA Regions Approximately 250 appraisals for 2008 Federal office buildings, courthouses, warehouses Summary reports; Fair Annual Rent appraisals –Market Rent and rental market analysis –GSA supplies tools »Instructions (requirements and guidelines) »Spreadsheets »Report Template Extensively reviewed (Regionally and Central Office) Cycles through the entire owned inventory

GSA – Federal Agency Update Disposal Appraisal Program –Managed by 5 Disposal Offices GSA Disposal offices manage disposal for PBS and many other Federal agencies Properties can be –Transferred to other Federal agencies –Transferred to Cities, States or local government »Discounted Conveyance –Sold to Cities, States or Local Government »Negotiated Sale –Sold to the general public »Verbal, sealed bid, or online auction (AuctionRP.com)

GSA – Federal Agency Update Disposal Appraisal Program –Challenging appraisals; complex properties –A wide variety of property types for various agencies –Many unusual conditions: Environmental Historic Seismic Functional obsolescence, Structural deficiencies Market difficulties –Generally Fee Simple, vacant Analysis of HIGHEST AND BEST USE Alternative uses; zoning; lease-up or retrofit time Extensive review process

GSA – Federal Agency Update Missile site Social Security Building Remote Land and Improvements Historic Federal office building Warehouse Former military installations (BRAC) Forest Service administrative buildings Industrial X-Ray building Single family house Army Depot Helium plant Antenna site Disposal Appraisal Program Recent Disposal Appraisal assignments:

GSA – Federal Agency Update Dwight D. Eisenhower Executive Office Building Old Post Office U.S. Department of Justice Visit and

GSA – Federal Agency Update Oklahoma City Federal Building SSA Call Center; adaptive reuse, Auburn, WA Center for Drug Evaluation and Research, FDA, White Oak, MD Kansas City IRS; Lease construction

GSA – Federal Agency Update GSA National Appraisal Program Contacts: Acting Chief Appraiser and Disposal Appraisal Program Nicholas S. Hufford, MAI, CAE Market Value Appraisal Program: John N. Libeg, MAI, SRA Fair Annual Rent Program Jay Koepf Also see Regional Contacts list

GSA – Federal Agency Update Web Resources: USA websitehttp:// GSA websitehttp:// Central contractor registrationhttp:// Federal contracting opportunities Get DUNS numberhttp:// GSA Online Real Estate auctionhttp://auctionrp.com/auctions2/ More government saleshttp:// Federal Jobs (Appraiser series)

GSA – Federal Agency Update

THANK YOU! Nicholas S. Hufford, MAI, CAE Acting Valuations Director and National Appraiser for Property Disposition General Services Administration Public Buildings Service Office of Real Property Asset Management Valuations Division 1800 F Street NW, Suite 7300 Washington DC cell fax