Federal Real Property Authorities and Actions Regarding Enhanced Use Leases and Sale of Unneeded Real Property

Many fed. agencies (FA) hold real property (RP) that they do not need. Some FA have been granted authorities to enter into enhanced use leases (EUL) -- long-term agree. with public and private entities for the use of fed. RP, resulting in cash and/or in-kind consideration for the FA -- or to retain the proceeds from the sale of RP. This report reviews how FA are using their disposal authorities: (1) what authorities the 10 largest RP holding FA have to enter into EULs and retain proceeds from the sale of RP; (2) the extent to which FA with authority to retain proceeds sold RP and how they used the proceeds; and (3) the relationship between FA having the authority to enter into EULs or retain sales proceeds and the amount of RP that they retained or sold.