Fiscal year 2015 annual report [Dec. 2015]

SPC FY 2015 PORTFOLIO REPORT State Properties Commission

useful tools and websites:

SPC Website http://gspc.georgia.gov

Building, Land and Lease Inventory of Property (BLLIP) https://www.realpropertiesgeorgia.org/bllip

Cover photo courtesy of Sherry Crawley, The Nature Conservancy

content

about

1

portfolio summary

4

buildings portfolio

14

space portfolio

18

lease portfolio

22

land portfolio

26

about
leadership
board members
vision, mission, values

leadership
Steven L. Stancil Executive Director/ State Property Office steve.stancil@spc.ga.gov

J. Frank Smith Deputy Executive Director
frank.smith@spc.ga.gov

Alisa Pereira Assistant Director alisa.pereira@spc.ga.gov

board members

Alan Skelton Vice Chairman State Accounting Officer

Governor Nathan Deal Chairman
Steve McCoy Member
State Treasurer

Brian P. Kemp Secretary/Treasurer
Secretary of State

John G. Breakfield Citizen Member
appointed by Lt. Governor

Phil Carlock Citizen Member appointed by Governor
Michael Howell Citizen Member
appointed by Speaker of the House

vision, mission, values

VISION To be the national leader
in State real estate portfolio management by exemplifying stewardship, accountability and integrity.

MISSION To advise, guide and maximize Georgia's real estate portfolio by applying industry best practices in asset, space and transaction management.

CORE VALUES Stewardship Accountability
Integrity Leadership
1

state properties commission

The State Properties Commission (SPC) was created in 1964 with the primary responsibility of acquisition and disposition of all Stateowned real property and real property interests. With the creation of the position of State Property Officer and the enactment of legislation realigning the management of the State's capital assets in 2005, the State Properties Commission was designated as Georgia's real estate portfolio manager. Additionally, SPC is equipped to conduct studies, research and evaluations, provide statewide policy leadership and coordinate master planning to guide and implement capital asset management.
As the State's real estate portfolio manager, the State Properties Commission's mission is to advise, guide and maximize Georgia's real estate portfolio by applying industry best practices in asset, space and transaction management.
SPC's primary focus is to provide accountability in its stewardship of the State's assets for the taxpayers of Georgia. Since 2005, SPC has become a unified and fully integrated real estate portfolio management office in charge of reviewing State Facility Strategic Plans, maximizing the value of the State's assets, increasing the utilization and efficiency of workplace environments and lease and land transactions, thereby offering state entities enterprise-wide leadership and advice. Portfolio Management is comprised of three distinct, but coordinated, programs: Asset Management, Space Management and
2

Transaction Management.
Asset Management is the strategic function that manages the State's real estate assets to provide the maximum value to the State. The State Properties Commission's Asset Management Program has the responsibility to evaluate the value or interest of State owned and leased real property assets and to provide recommendations that increase its value to the State or the overall market value.
The overall goal of Space Management is to maximize the utilization of space to create efficient work environments. SPC's Space Management uses industry standards and public sector criteria to accomplish the following objectives:
Increase occupancy Decrease vacancy Improve the value of State-owned and
leased space Provide the most cost efficient
workspace for State entities
SPC offers professional space planning services to State entities in meeting their space needs. These services include developing space utilization programs to determine square footage requirements and preparing schematic floor plans and design intent drawings to guide workspace layout and construction.
Transaction Management provides for all tasks related to owning, acquiring and disposing of real estate assets, whether owned or leased.

state properties commission

For SPC, Transaction Management is broken out into two divisions, Land and Leasing.
Land Division: All acquisitions or dispositions of the State's real property must come through the SPC. The Land Division assures that all acquisitions and dispositions of land in the State's name meet the legal, policy, and process requirements of the State. Properties owned by the Board of Regents and by Georgia Department of Transportation (DOT) are excluded. Acquisitions into the State include fee simple interests, conservation easements, access and other easements, and ground leases. Dispositions from the State include temporary revocable licenses, permanent

easements, short or long-term ground leases and fee simple conveyances.
Leasing Division: SPC offers an array of leasing services to State entities in commercial or state-owned leased space. Services range from locating and procuring new lease locations to renewing or renegotiating existing agreements, as well as managing the State's lease inventory. The Division's responsibilities and functions include leasing assistance to State entities in both State and commercially owned facilities. During FY 2015, SPC maintained an inventory of 1,871 lease agreements of which 1,398 are managed by SPC and 473 are Agency managed leases.

The Nature Conservancy photo courtesy of Sherry Crawley
3

psourtmfomliaory

portfolio summary
2015 HIGHLIGHTS
total buildings in the portfolio | 13,299 State of Georgia | 8,486 Board of Regents | 3,431 GA Department of Transportation | 1,192 Community Service Boards | 190
total leases in the portfolio | 1,871 SPC managed | 1,398 Agency managed | 473
total State owned acres of land | 628,583
total insured value of buildings in portfolio | $25,801,964,192.00

The Nature Conservancy

photo courtesy of Sherry Crawley

4

portfolio summary
SPC Revenue Collected vs. SPC Expenditures
total revenues collected and deposited into State treasury vs. total expenditures (all operating expenses including staff, surveys, appraisals and other operating expenses.)

$12,000,000 $10,000,000

$10,286,365

$10,400,973

revenue collected
expenditures

$8,000,000

$6,000,000

$4,000,000 $2,000,000

$1,457,128

$1,815,651

0
2014

2015

5

portfolio summary

Total Revenue Collected for Leases, Easements & Revocable License Agreements during FY 2015
Further breakout of revenue sources generated to include land leases, easement & revocable license agreements and sales.
Type of Revenue
land leases $9,713,057.50

93%

easements & revocable license agreements $ 97,310.00
sales $ 590,605.00

1% 6%
6

portfolio summary

County by County Asset Portfolio Totals

County
Appling Atkinson
Bacon Baker Baldwin Banks Barrow Bartow Ben Hill Berrien Bibb Bleckley Brantley Brooks Bryan Bulloch Burke Butts Calhoun Camden Candler Carroll Catoosa Charlton

Number of Leases
7 4 3 4 16 3 10 16 7 5 33 5 4 3 13 14 8 5 1 8 2 14 6 7

Number of Total State

Total State

Buildings Owned Acreage Leased Acreage

21

4978.44

0.00

2

3.82

0.00

13

19.23

0.00

0

6449.27

0.00

458

4785.74

0.00

6

3208.83

0.00

169

1860.97

0.00

26

894.67

0.00

25

38.45

0.00

17

9038.42

0.00

236

1679.82

0.00

18

46.75

3132.24

11

6968.73

0.00

4

3.49

0.00

65

22736.04

0.00

29

124.03

0.00

27

10097.19

0.00

89

1337.98

0.00

29

6833.41

0.00

68

3039.31

0.00

11

16.48

0.00

42

228.72

0.00

1

39.63

0.00

39

34.63

160.00

Total Acreage (Owned & Leased)
4978.44 3.82 19.23
6449.27 4785.74 3208.83 1860.97 894.67 38.45 9038.42 1679.82 3178.99 6968.73
3.49 22736.04
124.03 10097.19 1337.98 6833.41 3039.31
16.48 228.72 39.63 194.63

7

portfolio summary

County
Chatham Chattahoochee
Chattooga Cherokee
Clarke Clay Clayton Clinch Cobb Coffee Colquitt Columbia Cook Coweta Crawford Crisp Dade Dawson Decatur DeKalb Dodge Dooly Dougherty Douglas Early Echols

Number of Leases
28 4 3 15 21 7 19 4 21 13 10 12 5 15 2 9 6 3 10 49 9 1 19 10 7 2

Number of Total State

Total State

Buildings Owned Acreage Leased Acreage

200

15463.70

0.00

1

4.48

0.00

100

1298.23

0.00

8

2008.82

0.00

35

3601.21

36.42

45

543.38

0.00

74

381.36

0.00

36

343.99

0.00

47

375.61

0.00

92

3977.28

0.00

48

1752.81

0.00

71

59.98

0.00

32

638.85

0.00

49

2780.80

0.00

6

22.95

0.00

98

1577.63

0.00

69

1811.77

3.00

33

20532.74

0.00

42

8450.04

0.00

142

3560.32

0.00

91

583.88

0.00

43

3423.76

0.00

57

14830.00

0.00

68

2019.54

0.00

54

2322.18

0.00

6

4.01

0.00

Total Acreage (Owned & Leased)
15463.70 4.48
1298.23 2008.82 3637.63 543.38 381.36 343.99 375.61 3977.28 1752.81
59.98 638.85 2780.80 22.95 1577.63 1814.77 20532.74 8450.04 3560.32 583.88 3423.76 14830.00 2019.54 2322.18
4.01

88

portfolio summary

County
Effingham Elbert
Emanuel Evans Fannin Fayette Floyd Forsyth Franklin Fulton Gilmer
Glascock Glynn Gordon Grady Greene
Gwinnett Habersham
Hall Hancock Haralson
Harris Hart Heard Henry Houston

Number of Leases
9 11 14 5 13 7 18 9 5 135 10 2 21 11 5 11 28 7 20 3 5 4 10 3 17 18

Number of Total State

Total State

Buildings Owned Acreage Leased Acreage

7

72.94

840.00

141

75.27

845.72

95

2873.44

1634.12

36

406.75

0.00

7

12.29

0.00

0

4.65

0.00

144

3619.75

161.16

28

104.71

0.00

130

500.75

393.12

109

949.88

0.01

7

20.75

2141.60

1

0.98

0.00

113

19646.99

0.00

38

1007.90

0.00

9

48.34

0.00

10

1399.19

0.00

73

420.67

0.00

110

1480.05

0.00

87

1282.39

0.00

36

246.82

0.00

5

102.73

0.00

167

12610.04

5.16

50

986.97

0.00

0

901.28

0.00

7

57.60

0.00

89

15679.96

0.00

Total Acreage (Owned & Leased)
912.94 920.99 4507.56 406.75 12.29
4.65 3780.91 104.71 893.87 949.89 2162.36
0.98 19646.99 1007.90
48.34 1399.19 420.67 1480.05 1282.39 246.82 102.73 12615.20 986.97 901.28 57.60 15679.96

9

portfolio summary

County
Irwin Jackson Jasper Jeff Davis Jefferson Jenkins Johnson
Jones Lamar Lanier Laurens
Lee Liberty Lincoln Long Lowndes Lumpkin Macon Madison Marion McDuffie McIntosh Meriwether Miller Mitchell Monroe

Number of Leases
2 2 5 6 9 4 2 6 3 4 15 6 9 8 3 21 8 1 3 1 8 5 7 1 10 14

Number of Total State

Total State

Buildings Owned Acreage Leased Acreage

12

323.05

0.00

11

14.45

0.00

59

6138.29

0.00

13

9652.72

0.00

10

32.59

0.34

67

3848.79

0.00

40

201.00

0.00

3

14.64

0.00

6

98.37

0.00

18

16.60

0.00

54

8963.92

0.00

51

887.54

0.00

18

900.75

0.00

63

4.32

0.00

20

25302.14

0.00

116

2788.76

0.00

13

241.60

0.00

52

710.27

226.54

38

1348.40

0.00

2

2499.09

0.00

55

625.95

12539.00

122

59440.39

0.00

59

12329.04

0.00

7

4690.49

0.00

48

1688.70

0.00

166

2015.01

0.00

Total Acreage (Owned & Leased)
323.05 14.45 6138.29 9652.72 32.93 3848.79 201.00 14.64 98.37 16.60 8963.92 887.54 900.75 4.32 25302.14 2788.76 241.60 936.80 1348.40 2499.09 13164.95 59440.39 12329.04 4690.49 1688.70 2015.01

1100

portfolio summary

County
Montgomery Morgan Murray
Muscogee Newton Oconee
Oglethorpe Paulding Peach Pickens Pierce Pike Polk Pulaski Putnam Quitman Rabun Randolph Richmond Rockdale Schley Screven Seminole Spalding Stephens Stewart

Number of Leases
1 8 11 25 6 9 3 11 6 4 3 3 8 2 9 3 6 4 18 10 2 12 4 10 10 2

Number of Total State

Total State

Buildings Owned Acreage Leased Acreage

47

110.54

0.00

163

5683.90

0.00

73

3507.16

22.68

133

1853.18

0.00

66

932.33

0.00

0

478.67

0.00

5

387.99

0.00

34

13058.02

0.00

9

1520.58

0.00

7

122.47

0.00

2

2.00

2.37

21

362.60

0.00

17

3081.45

0.00

48

6152.03

0.00

24

1896.43

0.00

2

3.00

0.00

91

5049.77

0.00

5

14.91

0.00

202

819.43

5.30

43

1229.09

110.53

2

2.71

0.00

9

2149.82

11457.60

37

13.47

0.00

30

73.46

0.00

21

61.27

0.00

74

1358.87

4912.94

Total Acreage (Owned & Leased)
110.54 5683.90 3529.84 1853.18 932.33 478.67 387.99 13058.02 1520.58 122.47
4.37 362.60 3081.45 6152.03 1896.43
3.00 5049.77
14.91 824.73 1339.62
2.71 13607.42
13.47 73.46 61.27 6271.81

11

portfolio summary

County
Sumter Talbot Taliaferro Tattnall Taylor Telfair Terrell Thomas
Tift Toombs Towns Treutlen
Troup Turner Twiggs Union Upson Walker Walton Ware Warren Washington Wayne Webster Wheeler White

Number of Leases
8 3 1 11 2 5 5 14 21 9 2 2 13 3 4 13 11 13 9 20 3 9 10 4 1 6

Number of Total State

Total State

Buildings Owned Acreage Leased Acreage

60

1592.09

0.00

13

13074.03

184.54

86

1198.72

0.00

376

13429.08

0.00

10

999.85

0.00

53

11825.93

0.00

15

101.64

0.00

78

1863.91

0.00

20

2729.27

0.00

40

5139.33

168.54

20

503.66

0.00

19

2924.36

0.00

29

1581.65

0.00

15

33.14

0.00

4

295.30

200.00

88

979.96

967.18

18

136.66

1187.28

58

22635.76

0.00

32

463.81

0.00

189

31390.89

0.00

0

0.03

0.00

93

1543.31

0.00

39

12099.63

3.03

2

1.15

0.00

114

5334.59

0.00

176

2858.87

5599.96

Total Acreage (Owned & Leased)
1592.09 13258.56 1198.72 13429.08 999.85 11825.93
101.64 1863.91 2729.27 5307.87 503.66 2924.36 1581.65
33.14 495.30 1947.14 1323.94 22635.76 463.81 31390.89
0.03 1543.31 12102.66
1.15 5334.59 8458.83

1122

portfolio summary

County
Whitfield Wilcox Wilkes
Wilkinson Worth

Number of Leases
16 2 8 3 4

Number of Total State

Total State

Buildings Owned Acreage Leased Acreage

25

16.01

0.00

39

316.53

0.00

20

39.36

8005.00

10

1374.10

0.00

5

1106.71

0.00

Total Acreage (Owned & Leased)
16.01 316.53 8044.36 1374.10 1106.71

Total: 1,491

8,486

573,637.81

54,945.37

628,583.18

NOTE:
Totals exclude Board of Regents, Department of Transportation and Community Service Board assets.

Mercedes-Benz Stadium
13

buildings portfolio

buildings portfolio
SPC is responsible for the acquisition and disposition of all state buildings and for maintaining a comprehensive inventory of all owned buildings in the portfolio; their size, use and other key criteria.
2015 HIGHLIGHTS
each agency is responsible for the maintenance and operation of state buildings in their custody
the state owned building portfolio consists of 8,486 buildings
Georgia Department of Driver Services Atlanta
14

buildings portfolio

square footage

Agencies with Most Square Footage for Owned Building

15,000,000 12,000,000
9,000,000 6,000,000 3,000,000

14,044,018

11,478,595

7,436,766

7,389,595

6,377,267

5,420,123

4,580,458

2,317,446

1,932,418

1,105,826

0

DOC TCSG

GBA

DNR GWCCA DBHDD PORT AUTH.

DJJ DOD

GFC

agencies

15

buildings portfolio

Top Primary Use Types for State Owned Buildings

use type

storage buildings open sheds or
pavilions for work detention housing residences, house,
apartment hotel, motel, cabins short-term housing
maintenance facilities
security facilities comfort stations,
restrooms 0

1091

617

578

505

479 425

373

373

311

500

1000

number of buildings

1508
1500
1166

buildings portfolio
Breakdown of State Owned Building by Age (in years)

20% 23%

33%

Age of Ownership of Buildings 1 to 20 years 21 to 30 years 31 to 40 years
41 to 50 years 51 years or older

11%

23%

17

space portfolio

space portfolio
SPC's Space Management offers a full range of professional space planning services to State entities in meeting their space needs. For those State entities submitting requests for administrative space, Space Management not only develops space utilization programs to determine square footage requirements, but also prepares schematic floor plans and design intent drawings to steer workspace layout and construction.
2015 HIGHLIGHTS
received and processed 1,218 space action requests from State agencies
SPC Board approved new space standards resulting in an 8% reduction from the previous space standards
BIM renderings of SPC office space
18

space portfolio
In FY 2015, the SPC Commission received 1,218 space requests from state agencies. The use and transaction types of space requested are illustrated in the two charts below.
Percentage by Primary Use Type Requests Submitted to SPC during FY 2015

79%

classroom/training rooms
towers warehouse/storage other uses

8%
1% 4% 1% 7%
19

space portfolio
Percentage of Space Action Request Types submitted to SPC during FY 2015.

7% 23%

57%

7% 6%

new

renegotiation

renewals

cancellation

other

2200

space portfolio
SPC tracks the square footage per employee in leased space to drive efficiency in space utilization. The chart below illustrates the average square footage of space per employee from 2011 to 2015.
Change in Space Standards for Administrative Office Spaces (measured in square feet per person)
350
346

300 288
265 250

288 244

square footage per person

200
2011

2012

2013

2014

2015

Comparison of Georgia's Space Standards (in square feet) to Public and Private Sector

Office

Georgia (as of 9/15/15)

Virginia

120-220 SF 120-196 SF

Kansas

Massachusetts

GSA (Federal)

Private Sector Corporate

110-400 SF 100-220 SF 250-300 SF 120-225 SF

Cubicle

49-64 SF

48-96 SF

45-100 SF

42-100 SF 64-200 SF

20-49 SF

21

lease portfolio

lease portfolio
The leasing of administrative space for use by State entities is also within the purview of SPC. The Leasing Division provides management and oversight of the State's leased property portfolio, as well as leasing assistance to State entities in both State and commercially owned facilities.
2015 HIGHLIGHTS
lease portfolio consists of 1,871 leases, of which SPC manages 1,398
SPC completed 14 multi-year lease agreements in FY 2015
multi-year lease agreements' cost avoidance for FY 2015 was over $5.6M
the number of SPC administered leases increased from FY 2014 to FY 2015 by over 21%

FY 2015 Total Leases

1,871
lease agreements

1,398
leases managed
by SPC

473
agency managed
leases

22

lease portfolio
MULTI-YEAR LEASES
Since the ratification of the Constitutional Amendment in November 2012, which authorized SPC to enter in Multi-Year Leases (MYLs), SPC and the Georgia State Financing and Investment Commission (GSFIC) developed and implemented procurement policies to provide transparent and efficient practices that safeguard Georgia's AAA credit rating. For FY 2015, GSFIC set a total MYL contract obligation limit of $80 Million. In FY 2015 SPC executed fourteen (14) MYLs for a total of 167,375 rentable square feet with $25,369,000 total contract obligation, and $5,615,800 total cost avoidance. As of June 30, 2015, another ten (10) MYLs were in the process of lease negotiation or pending SPC Board approval.
Office of State Administrative Hearings, Atlanta
23

lease portfolio

The chart below illustrates cost avoidance by the state year over year since gaining the MYL ability.
Cost Avoidance With Multi-Year Leases

$6,000,000

$5,615,782

$5,983,664

$5,000,000

$5,069,169

$4,000,000

$3,000,000

$2,000,000

$1,000,000

0

2014

2015

2016

24

lease portfolio

FY 2015 Executed Multi-Year Leases

Entity

Sub-Entity

Department of Driver Services

N/A

Department of Human Services

Child Support Services

Department of Human Services

Child Support Services

Department of Human Services

Child Support Services

Department of Human Services

Division of Family & Children Services

Department of Human Services

Division of Family & Children Services

Department of Human Services

Division of Family & Children Services

Department of Human Office of Facilities and

Services

Support Services

Office of State Administrative Hearings

N/A

Public Health

N/A

Department of Revenue

N/A

Department of Revenue

N/A

Department of Veteran Services

N/A

Subsequent Injury Trust Fund

N/A

Contracts Signed in FY 15

14

Square Feet 4,795 13,921 6,475 7,500 6,750
49,000 9,955 7,740 23,075 14,100
9,556
8,551 1,127 4,830 167,375

City Bainbridge
Augusta Carrollton Gainesville
Homer Marietta Marietta Macon Atlanta LaGrange
Evans
Cartersville Powder Springs Atlanta

County

Landlord

Decatur Richmond
Carroll

City of Bainbridge
Walton Augusta Partners
Riverbridge, Ltd.

Hall

Presco Properties

Banks Cobb Cobb

Banks County
The Center for Children & Young Adults
Cobb County

Bibb

SPP Investments, LLC

Fulton

Parkway Properties

Troup Columbia
Bartow

Downtown LaGrange Development Authority
Columbia County Board of Commissioners
Branch Banking and Trust Company

Cobb

Cobb County

Fulton

ACP Marquis II, LLC

25

land portfolio

land portfolio
SPC is responsible approving all acquisitions or dispositions of the State's real property. The Land Division assures that all acquisitions and dispositions of land in the State's name meet the legal, policy, and process requirements of the State.
2015 HIGHLIGHTS
SPC Board approved 84 items in FY 2015, a 9% increase over FY 2014
General Assembly approved 21 properties for Surplus/Conveyance in FY 2015

number of transactions

58
60
48
50 40 30

SPC Board Meetings Approved Items from FY 2015
2015 2014

20

10
11
0acq-ufeiseitsioimnsplaecquisitio- cnosnbsyeeasrvtsaaettmeioennts

21
acq- euaissietimonesnts

4 0

11

95

52

a- cgqrouuisnitdiolneasse

- quitrcelvaeimrsidoened

-daipspporosivtieosnale

- shodritspteorsmitiloenase

transaction type

11 4
other items
26

land portfolio
SPC Legislation Items Approval Change Year over Year
Year-over-year comparison of number and type of conveyance presented to the General Assembly.

30
27
25

20

19

15

10
8

5

4

0

12

6

7 5

2015 2014

10

3 0

number of transactions

easements gocvoernvnemyeacnnotcneovr-ettGyooaDlsnoOeclclTeal-
grcoounnvdelyeaanscee coenxvcehyaanngcee coenxvpeeydiatnecde -

transaction type
27

number of transactions
rreevviieeGwwCBs/dEiAiaCCaRsnE&pELppprpppeapAador'rorxoospspoloroieopi-ptpncvcdcveirriaerSeeeuaoattesirtiiPddissnssysosvOaalnl-e

land portfolio
Non-Legislative SPC Items approved during FY 2015
Number and type of additional transactions completed by SPC staff during FY 2015.

50

50

40

30

20
16
10
6
0

15 12 13

transaction type 28

land portfolio
General Assembly Approved Surplus/Conveyance: Completed

Agency DBHDD DBHDD DBHDD
TCSG TCSG DOC TCSG SPC
DDS
SPC DNR

County Baldwin Baldwin

Tract Name
CSH Power Easement
Bostick

Acres 4,153 3.68

Baldwin

CSH Power Station Tract

1.53

Bartow Chatham
Clarke Douglas

North Metro Chattahoochee
Tech
Savannah Technical College
Athens Day Reporting Center
Timber Ridge Road (exchange)

0.57 4.26 0.09 0.81

Fulton

Ground Lease 13 Acres

13

Fulton

3,000 SF 400 Whitehall
St (acquired property/portion
leaseback)

Gordon

WARR South Calhoun Bypass

0.262

Gordon

Calhoun Elks Lease

14.6

SFLeased

Consideration Conveyance Type

$10 $650 $12,200

Georgia Power Company
Correcthealth GDC LLC
Central State Hospital Local Redevelopment
Authority

$10

Atlanta Gas Light Company

$10 $650 $10 $10

Atlanta Gas Light Company
Georgia Power Company
Douglas County, Georgia
Georgia World Congress Center
Authority

3,000

$42,000/yr.

Georgia United Credit Union

$10 $650/yr.

Georgia Department of Transportation
Calhoun Elks Home, Inc

29

land portfolio

Agency DOC DNR DNR GVRA
TCSG DNR DOD TCSG GFC DNR

County

Tract Name

Acres

Lowndes

Valdosta State Prison

0.04

McIntosh

Altamaha RiverTownsend WMA

1.03

McIntosh

Barbour Wahoo Island

15.3

Roosevelt Warm Spring

22.1

BioScience Newton Training Center 0.16
Athens Tech

Sheffield WMA

Paulding

Lee Family

0.7

(exchange)

Sumter Sumter Armory 11.561

Troup

thINC College & Career Academy
Lease

Upson

GFC Upson Unit (exchange)

1.13

Walton

Walton Fish Hatchery

0.7

SFLeased

Consideration Conveyance Type

$10 $10 $8,500 $10
$10

City of Valdosta, Georgia
Coastal Electric Cooperative
Coastal Electric Cooperative
Board of Regents of the University
System of Georgia
Walton Electric Membership Corp

$10

Lee Family

50,377

$6,034 $10/yr.
$10 $650

Sumter County, Georgia
Troup County School System
Upson County, Georgia
Georgia Power Company

30

SPC
State Properties Commission
REAL PROPERTY REAL SOLUTIONS

270 Washington Street Suite 2-129 Atlanta, Georgia 30334 800.georgia | 800.436.7442 www.gspc.georgia.gov