- Collection:
- Georgia Government Publications
- Serial:
- ... Portfolio report.
- Title:
- FY2020 Portfolio report
- Creator:
- Georgia. State Properties Commission
- Publisher:
- Atlanta, Ga. : Georgia State Properties Commission
- Date of Original:
- 2020
- Subject:
- Georgia State Properties Commission--Periodicals
Real property--Georgia--Periodicals - Location:
- United States, Georgia, 32.75042, -83.50018
- Medium:
- state government records
official reports - Type:
- Text
- Format:
- application/pdf
- Description:
- Georgia State Properties Commission portfolio report.
- External Identifiers:
- Call Number GA P775.P8 A1 2020
- Metadata URL:
- https://dlg.galileo.usg.edu/id:dlg_ggpd_y-ga-bp775-pp8-ba1-b2020-belec-p-btext
- Digital Object URL:
- https://dlg.galileo.usg.edu/do:dlg_ggpd_y-ga-bp775-pp8-ba1-b2020-belec-p-btext
- Language:
- eng
- Holding Institution:
- University of Georgia. Map and Government Information Library
- Rights:
-
FY 2020 PORTFOLIO REPORT SPC State Properties Commission REAL PROPERTY REAL SOLUTIONS
$25,000,000 $20,000,000 $15,000,000 $10,000,000 $5,000,000
$0
REVENUE TO TREASURY VS. EXPENDITURES
2017
2018
2019
2020
Revenue Collected Expenditures
SPC tracks the revenue derived from the sale and lease of state owned assets, compared to the cost of SPC's operations, showing a significant annual benefit to Georgians.
The State Properties Commission (SPC) is the real estate portfolio manager for the state and is responsible for the acquisition and disposition of all state-owned real property or real property interest with the exception of the Board of Regents and Department of Transportation.
AGE OF STATE OWNED BUILDINGS
0 - 20 Years 23%
51 Years and Over 37%
21-30 years 15%
31-40 Years 14%
41-50 Years 11%
SPACE ACTION REQUESTS BY TYPE
Renegotiation 35%
New 4% Other 1% Cancellations 9%
Renewals 51%
STATE STANDARDS FOR ADMINISTRATIVE SPACE
400
350
300
250
200
150
100
50
0
2016
2017
2018
2019
2020
SPC's Space Management Division received and processed 1,017 space action requests from State agencies.
SPC tracks the square footage per employee in leased space to drive efficiency in space utilization.
State Properties' lease on behalf of the Department of Family and Children's Services secured this new long term home for the agency in Winder, GA
PORTFOLIO SUMMARY
Total Buildings in Portfolio 14,719
Total Insured Value of Buildings
$32.7 billion
Total Owned and Leased Land
848,763 acres
Total Leases in Portfolio
2,255
Total Square Footage of Leases
42,097,000
PROPERTY FAIR MARKET VALUE VS. ACQUISITION PRICE
$50,000,000 $45,000,000 $40,000,000 $35,000,000 $30,000,000 $25,000,000 $20,000,000 $15,000,000 $10,000,000 $5,000,000
$0
2017
2018
2019
2020
Total Average FMV Total Acquisition Price
BOARD APPROVED ACQUISITIONS AND DISPOSITIONS
140
120
100
80
60
40
20
0
2016
2017
2018
2019
2020
Acquisitions Dispositions
SQUARE FEET PER PERSON
FFYFYY220200222000SLtaSELteteaXoteaef GoEsaef oGCersegoiUaerEg| SiTaPEx|CESPeDxCceLucEtuAiotSinEoSn
LLeeaaassseeeSSiiSzzeeiz((eSSFF()S) F)
AAgegAnecgnyceyncy
L11and/Tower
DAADuAdAiAts
222---111555,0,,00000000
DCCDoAmCAmunity Affairs DCCDoHmCHmunity Health
111555,0,,00000111---333000,0,,00000000
DCCDoSmCSmunity Supervision
333000,,00,0000111---555000,0,,00000000
DDDDefDense FFiniFnaiannnacncinicnging&g&I&nIvnIenvsvetesmstmetmnetennt t
555000,,00,0000111---11110110,04,4,4445455
FFooFrroeesrsetrtsyrtyrCyCooCmmommmismissisiosisnoinon DDDDriSDveSrs Services
PuPbuPlicbulbDicleicDfeDenfedefenerdnCedroeuCrnoCcuoilnucnicl il VoVcoVactoiaoctnaioatilnoRanelahRl aeRbheialhitbaaibtliiotlianttaitoionn
DHHSDumHSan Services
GBGIGBIBI JuJduiJcduiiadcliicBailraaBlnrBcarhnacnhch DJJJuDvJeJnile Justice DNNRDatNuRral Resources DPPHuDbPlHic Health
5599
129129
441 441
575 575
278 278
123 123
2323
985
985
85 85
2020
520
520
DPS PDuPblSic Safety PubliPcPuTubebllielcicToeTmeleleccoomm
StudSeSntuttudFdeinenantntFcFieninaannccee
TeacTheTeear'acschRheeert'rsi'rseRmReeetitnriretemmeenntt TechTneTicecachlhnCnicoicallael lgCCeoolSlleylegsgteeemSSyysstetemm DVS VDetVeSrans Services WorkWeWrosor'krCekoersmr'sp'CeConomsmaptepionensnastaitoionn
475
185
475
185
75
75
82 82
25
1
25
116
16
19
19
95
95
Prepared by: Cathi Balch
FY 2020 PORTFOLIO Preparedby:CathiBalch
Source Savills Research using ESRI
REPORT SPC Source Savills ReseaStractehPruopseirntiges CEoSmmRiIssion REAL PROPERTY REAL SOLUTIONS
FY 2020 LEASING SUMMARY
New/renegotiated leases signed
131
Annual rent of signed leases (first year) $1,133,116
Average rent per square foot
$10.79
MULTI-YEAR LEASES Multi-year leases executed Total value of leases
15 $84,697,000
Square Feet
SPC LEASE EXPIRATION SCHEDULE
900,000
800,000
700,000
600,000
500,000
400,000
300,000
200,000
100,000
0
2021
2022
2023
2024
2025
2026
2027
2028
2029
2030
All leases end of option periods
Multi Year Leases current expiration
MULTI-YEAR LEASE COST AVOIDANCE
Cost avoidance by the state year over year since gaining the MYL ability
$70,000,000
$60,000,000
$50,000,000
$40,000,000
$30,000,000
$20,000,000
$10,000,000
$0
2015
2016
2017
2018
2019
2020