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Foreign Investors May Hesitate To Buy Gov't Leased Buildings After GAO Recommendations

WASHINGTON, DC--To follow GAO's recommendations, GSA will have to to ask for more disclosure about the ownership structure and individual owners' interests, according to Colliers' Kurt Stout.

By Erika Morphy | erikamorphy | Updated on February 14, 2017

GSA has said it agrees with the recommendations GSA has said it agrees with the recommendations

WASHINGTON, DC–The Government Accountability Office released a report last month [PDF] with recommendations for the General Services Administration that could conceivably have a chilling effect on foreign investment in office buildings that are leased by government agencies.

The report, “GSA Should Inform Tenant Agencies When Leasing High-Security Space from Foreign Owners” is a follow up to a finding last year that some US agencies and departments that deal with sensitive security matters — think Drug Enforcement Administration, Federal Bureau of Investigation — are leasing  space in buildings owned by foreign entities.  All told, GSA found there were 20 such leases.

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