INVESTOR REVIEW
Uncle Sam Needs Property Managers WITH MORE THAN 500 MILLION SQUARE FEET OF REAL ESTATE, FEDERALLY- OWNED PROPERTY CREATES OPPORTUNIY, SECURITY, AND CHALLENGE.
CHRIS BARNS
M anaging a federally owned real property portfolio efficiently is crucial for real property managers, given the significant challenges and opportunities in this area. The federal government owns and internally manages more than 500 million square feet of office space, investing billions of dollars annually in maintenance and operations. This internal management structure requires strict compliance with federal regulations, robust data governance, and long-term data security practices. If you’re interested in the unique opportunities involved in managing federal buildings, here’s what you need to know about property management
compliance to seamlessly navigate this complex and rewarding field.
however. It serves as the foundation for operational efficiency, risk management, and securing funding. Four key components drive successful federal property management: regulatory compliance, data longevity, data security, and funding strategies. REGULATORY COMPLIANCE. Federal real property managers must adhere to myriad regulations, including environmental laws, safety standards, and accessibility requirements. Noncompliance can lead to significant legal and financial repercussions. For instance, the Federal Real Property Council (FRPC) mandates that agencies report on the condition and utilization
WHY COMPLIANCE IS CRITICAL
Effective management of federal real property portfolios relies heavily on compliance with regulatory standards, meticulous data management, and thorough data security. Specific, data-driven insights allow property managers to make strategic decisions that enhance the use of space and overall building performance. Compliance goes beyond simply meeting regulatory requirements,
56 | think realty magazine :: july - august 2025
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