Federal Real Property: Continued Efforts, Legislation, and Implementing GAO Recommendation Could Address Challenges, Statement of Dave Wise, Director, Physical Infrastructure Issues, Testimony, Subcommittee on Economic Development, Public Buildings, and Emergency Management, Committee on Transportation and Infrastructure, House of Representatives [open pdf - 602KB]
From the Highlights: "The federal government's real property holdings are vast and diverse, costing billions of dollars annually to operate and maintain. GAO [Government Accountability Office] added federal real property management to its High-Risk List in 2003 because the government retained more property than it needed, relied on leasing in cases where ownership would cost less, and lacked reliable real property data to support decision making. Since then, the government has given high-level attention to the issue, including establishing Federal Real Property Profile (FRPP) to track federal buildings and structures government wide. However, in 2012, GAO found that the federal government did not follow sound data collection practices in designing and maintaining the FRPP, thereby limiting its usefulness for supporting sound decision making. This statement focuses on (1) executive and legislative efforts to reform federal real property management (2) the extent to which real property management challenges remain, and (3) steps that could help the government address management challenges."
Government Accountability Office: http://www.gao.gov/