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Real Property Exchange Program

Real Property Exchange Program. Overview of the Exchange Program. A negotiated two part transaction - Acquisition - Disposition Can involve property and other consideration Must ensure proper due diligence performed on acquisition property. Benefit of Exchanges.

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Real Property Exchange Program

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  1. Real Property Exchange Program

  2. Overview of the Exchange Program • A negotiated two part transaction - Acquisition - Disposition • Can involve property and other consideration • Must ensure proper due diligence performed on acquisition property

  3. Benefit of Exchanges • Satisfies agency mission needs by acquiring more suitable property resulting in: • Improved employee morale • Improved productivity

  4. Governing Authority • Federal Property Administrative Services Act Section 203 (c) “Any executive agency designated or authorized by the Administrator to dispose of surplus property may do so by sale, exchange, lease … for cash, credit or other property..”

  5. Criteria • Value for Value- supplemental payment if AFMV unequal • Program advantages unavailable through other means • Mission need for acquired property

  6. Role of Holding Agency • Identify exchange candidates • Determine preferable option for exchange • Submit excess report noting Exchange request • Due diligence • Execute Acquisition documents

  7. Role of GSA • Collaborate on exchange effort • Process report of excess • Establish AFMV • Validate Compensation • Coordinate Congressional review • Execute conveyance documents

  8. Contact GSA Office of Property Disposal Region 1 – New England Region 10 Causeway Street, Room 925Boston, MA 02222Phone: (617) 565-5700   Fax: (617) 565-5720 Region 4 - Southeast Sunbelt Region 401 West Peachtree Street, Suite 2528Atlanta, GA 30308Phone: (404) 331-513    Fax: (404) 331-2727 Region 5 – Great Lakes Region 230 South Dearborn Street, Room 3774Chicago, IL 60604Phone: (312)353-6045    Fax: (312)886-0901 Region 7 – Greater Southwest Region 819 Taylor Street, Room 11A09Ft. Worth, TX 76102Phone: (817)978-2331   Fax: (817)978-2063 Region 9 – Pacific Rim Region 450 Golden Gate Avenue, 9PRSan Francisco, CA 94102Phone: 1-888-GSA-LAND   Fax: (415) 522-3213 Region 10 – Northwest Artic Region 400 15th Street, Room 1161Auburn, WA 98001Phone: (253) 931-7547   Fax: (253) 931-7554

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