1 / 31

The ABCs of Real Estate Disposal

The ABCs of Real Estate Disposal . Office of Real Property Utilization & Disposal. Lisa Tangney The General Services Administration May 15 – 17, 2012. What Does Office of Real Property Utilization & Disposal Do?.

demont
Download Presentation

The ABCs of Real Estate Disposal

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. The ABCs of Real Estate Disposal Office of Real Property Utilization & Disposal Lisa TangneyThe General Services AdministrationMay 15 – 17, 2012

  2. What Does Office of Real Property Utilization & Disposal Do? • Acts as the Federal Government’s real estate broker – striving to be a one-stop agency for both our internal and external customers • Manages the use and disposal of surplus real property government-wide • Provides a network of market contacts in the public and private sectors It is our mission to assist you . . .

  3. How can we help? • Lets Start with a Targeted Asset Review (TAR) • This is a real estate utilization study to assist land-holding agencies (LHA’s) with real property asset management, by: • Increasing an agency’s knowledge of individual assets. • Understanding the role of each asset in supporting agency mission objectives. • Examining current and future utilization alternatives. • Collecting and organizing title, environmental, historic, public lands and cultural information. • Identifying real estate and community issues affecting the property.

  4. TAR’s (cont’d) • GSA makes recommendations based on the TAR and agency needs • The finished report is forwarded to the LHA for review and the LHA makes a decision on how to proceed. • Good news: Basic TAR’s are currently fully funded by GSA’s under authorities contained in GSA’s Appropriation.

  5. TAR’s done: Now what? • If there is no mission need for the property and the decision is to dispose of it, then: 1) If the LHA has disposal authority: LHA may proceed on its own, or hire GSA to complete the disposal action. 2) If the LHA doesn’t have disposal authority then it must prepare a Report of Excess (ROE) to be forward GSA to dispose property.

  6. Report of Excess • Starting with the information in the TAR, the LHA will prepare a Report of Excess (ROE) • The ROE will have: basic information on who is reporting the property excess, contact information, property location, size, legal description, disposal check list , plat maps, environmental base line survey, determination of historical eligibility, pictures etc. • The ROE is sent to GSA for review and acceptance OR

  7. ROE Wizard • Go green with the new GSA “ROE Wizard” • The “Wizard” will guide you through the ROE process. • It prompts the user to be sure all the necessary documents are included . • It allows the user to request approvals and certifications electronically. • E-mails the finished document to the correct GSA office. • https://propertydisposal.gsa.gov

  8. ROE Wizard Features • Agency (.gov, .mil) access from Home Page. • Edit, save and download SF 118 and checklists. • Upload unlimited documents. • E-mail routing to concurring and approving official(s). • Auto-submission to the correct GSA region. • Go green – no hardcopy needed.

  9. Property Disposal Home Page

  10. ROE Wizard Welcome Login Page

  11. ROE Management

  12. Environmental Concurrence(s)

  13. ROE Approval

  14. Disposal Process: Excess Property • Step 1: GSA reviews and accepts the ROE. • Step 2: Excess property is screened for 30 days, to see if there is Federal need for the property. • If there is another Federal need: • Federal Agencies are required to pay Fair Market Value (FMV) or request a waiver of paying FMV from OMB/GSA. • If approved the transfer is completed by letter. • The transfer is complete – Case closed . • If there is no Federal interest the property is declared Surplus to the Government’s needs.

  15. Disposal Process: Surplus property Step 3: Screening of Surplus property for Public Benefit Conveyance (PBC) • GSA notifies the Congressional Delegation, Governors Office, Local government that the property is surplus and available for a PBC. • Screening will include the list of PBC’s and sponsoring agency contacts. • Applicants have 20 days (60 days for Homeless) to respond with a letter of interest.

  16. Public Benefit Conveyance (PBC) • The following is a list of PBC’s available to state and local governments and some non-profit groups with up to 100% discount: • Park and Recreation Port Facility / Public Airport • Public Health Wildlife/Conservation • Educational Negotiated Sale (FMV) • Correctional Homeless • Law Enforcement Special Legislation

  17. Public Benefit Conveyance (PBC) cont’d • Sponsoring agency reviews and approves an application. • Title will be conveyed by Quit Claim deed. • Covenants limiting the use of the property to the sponsor’s program are incorporated in the deed. • Other covenants and notices frequently included are: CERCLA, Historic Preservation, Non discrimination, Lead Base Paint, and Asbestos, etc.

  18. Public Benefit Conveyance (PBC) cont’d • Property is conveyed to the Grantee: Case closed • Compliance inspections will be made at regular intervals to insure the grantee’s compliance with the covenants restrictions. • If the Grantee violates the covenant(s) the property may be reverted back to Federal ownership. • If there is no PBC application received and approved GSA proceeds to Public Sale.

  19. Public Sale • GSA develops a marketing plan • Prepares sales information/Invitation for Bid document • Appraises the property (contract appraiser). • Sale conducted by: • Sealed bid • Live auction • On line auction (www.gsaauctions.gov) • Combination of methods

  20. Award Bid/ Close Sale • If GSA receives an acceptable offer: • Award the bid and prepare Quit Claim Deed. • Closing the sale: • Collect the balance owed on sale. • Proceeds from sale will be deposited in the Treasury Land and Water Conservation Fund or • If the LHA is authorized to retain proceeds, the cost of sale is deducted, and the balance of funds are given to the LHA.

  21. Real Property Relocation Program • Relocate an agency from high value, but obsolete or underutilized facilities. • Allow for immediate disposal: • No excess/surplus screenings. • Disposal (GSA) pays for costs of relocation to the new facility, and reimburses itself from sale of old facility.

  22. Relocation: program Benefits • Acquisition and moving expenses paid for by GSA. • Release high-value, underutilized properties. • Relocate agencies to more modern, efficient sites. • Market and sell vacated property quickly. • Direct to sale; NO Federal or PBC screening. • Return proceeds to the Federal Government.

  23. Criteria • LHA must have an active mission-related function that can be relocated in the same commuting area. • Current property is considered economically excess, not functionally excess. • Government return on investment in relocation costs should exceed a 2:1 ratio. • Thirty year discounted cash flow analysis must show a cost savings as a result of the relocation.

  24. Other Real Estate ServicesAvailable services include: • Appraisals • Site Acquisition • Tars • Relocation • Training-3 Day PZ Course • Land use studies • Historic Compliance • Environmental Solutions • Land Surveys & Title Search • Exchanges • Retention/Disposal Studies • Report of Excess Assistance • Property preparation for sale (clean-up, signage, etc. )

  25. 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 sales proceeds. • Other services available on a reimbursable basis (e.g., environmental studies, appraisals, etc.) through an RWA. • LHA is only charged the actual contract cost and staff time.

  26. Real Estate Disposal Authorities Overview: • Federal Property & Administrative Services Act of 1949 • CFR- title 41- Public Contracts & Property Management • Stewart B. McKinney Homeless Assistance Act • Economy Act • Federal Management Requirements • Executive Order 13327 Federal Real Property Assets

  27. How is a Service Requested? • Contact any GSA Utilization & Disposal Office. • Provide information about the property. • The Realty Specialist will conduct a needs assessment and propose studies tailored to your current needs.

  28. Your Area Disposal Office

  29. Office of Real Property Utilization & Disposal Contacts: • Zone 1: John Kelly – Boston, MA john.kelly@gsa.gov or (617) 565-5700 • Zone 4: Rob Miller – Atlanta, GA rob.miller @gsa.gov (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: Tim Sheckler – Washington, DC tim.sheckler@gsa.gov or (202) 708-5867

  30. . Resources • https://propertydisposal.gsa.gov • https://rc.gsa.gov • www.gsaauctions.gov www.realestatesales.gov (online auction)

  31. Questions?

More Related