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