1 / 8

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.

grace
Download Presentation

Real Property Exchange Program

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. 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

More Related