On today’s show we are talking about how to buy surplus real estate from the US government. But first, if you believe that high quality real estate with strong operators and developers is still a good long term investment, irrespective of any executive order in the past 24 hours, then check out our projects at Y Street Capital. Register for our investor portal where you will get to see the numerous projects we have underway across multiple states in the US and in two provinces in Canada. We promise we won’t be spamming you with tons of email. Goto YStreetcapital.com and the link to register for our investor portal is here.
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On today’s show we are talking about how to buy surplus real estate from the US government.
The US General Services Administration is the US Government’s landlord. They own, operate and sell the real estate assets of the US Federal Government.
After what seems like a false start, the GSA had listed a number of properties for sale in recent days. Then the number of properties was cut back and then removed almost entirely. General Services Administration removed from its website about 440 federal buildings representing nearly 80 million square feet of space that only hours earlier it had listed for sale.
There is no question that the US government is going to be getting rid of a lot of property in the coming weeks and months. We got a preview of some of those properties, but can’t really speculate which ones will be re-offered for sale.
Properties listed for sale on the GSA website are generally managed as an online auction.
As of now the GSA website is listing only a handful of properties. I’m going to summarize the information on one building that I’m actually somewhat familiar with.
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