The Trump administration recently listed eight federal properties for potential sale on the General Services Administration’s website, marking a significant scaling back from an earlier, more ambitious plan to reduce the federal real estate portfolio.
This decision aligns more closely with the routine asset disposal process managed by GSA.
In a social media post, Stephen Ehikian, the GSA's acting administrator, said that the move aims to reduce costs for taxpayers and better serve agencies by "rightsizing" the federal real estate portfolio. Ehikian also said that the disposition of these eight federal assets is consistent with all applicable laws, with more properties expected to follow.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
