1. U.S. General Services Administration Blaine Hastings Disposal Realty Specialist Auburn, WA 2010 GSA Expo Thinking of Reporting Real Property as Excess? – Utilization & Disposal of Real Property 101 Office of Real Property Utilization & Disposal

2. 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. 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. 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. 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. 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. 7 Elements of the Analysis  Exchange  Lease/leaseback  Other transaction structure  Disposal  Property redevelopment plan  Matrix for analysis

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

9. 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. 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. 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. 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. 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. 14 Your Local Disposal Office

15. 15 Contacts  Zone 1: John Kelly – Boston, MA john.kelly@gsa.govjohn.kelly@gsa.gov or (617) 565-5700  Zone 4: Tom Maguire – Atlanta, GA tom.maquire@gsa.govtom.maquire@gsa.gov or (404) 331-5133  Zone 7: Melvin Freeman – Fort Worth, TX melvin.freeman@gsa.govmelvin.freeman@gsa.gov or (817) 978-2331  Zone 9: Clark Vanepps – San Francisco, CA clark.vanepps@gsa.govclark.vanepps@gsa.gov or (415) 522-3420  Zone 11: Victoria Hartke – Washington, DC victoria.hartke@gsa.govvictoria.hartke@gsa.gov or (202) 708-5867

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

17. 17 Questions?