News
WHAT'VE THEY GOT TO OFFER?
November 16, 2011
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| How fitting that Bisnow's Federal Assets for Sale event this Fridaywill be at a hotel named for President Teddy Roosevelt. Edge Principal Advisors' Jeff Walker tells us the success of the federal government's plan to make $15B off the sale of about 14,000 properties depends on what buildings are put on the table. TheVeterans Administration, for instance, owns "an amazing piece of real estate" in LA and has been trying to figure out what to do with it for years (what, no movie lot?). On the other hand, old government buildings may not jive with the new sustainability trend. The properties the government wants to sell also won't come with leases and cash flows. So how would the sales process go down? Jeff expects the government to get third-party appraisers to assign values and then run an auction process on the portfolio. Sign up now to hear from Jeff and five other experts; tickets are limited! |
