GSA Updates Proposed Sale of Government-Owned Properties Throughout the Country

As discussed in a previous Holland & Knight alert, the U.S. General Services Administration (GSA) is seeking to dispose of a substantial portion of its owned inventory. On March 24, 2025, GSA released a new list of properties that are slated for "accelerated disposition." The current list contains eight office properties across the nation:

GSA has invited interested parties to submit "non-binding term sheets" to realestate.buildingdisposal@gsa.gov. GSA has not yet provided detail on what the new accelerated disposition process will entail. Although GSA provides a link to FAQs, those questions and answers center primarily around the assets themselves not the disposition process.

GSA officials have said that the accelerated disposal process will consist of an initial posting of known due diligence information for each asset while the government completes statutorily required processes such as McKinney-Vento Act screenings, which determine whether a property could be appropriate for assisting the homeless community. Afterward, interested parties will be invited to attend open houses, tours, inspections and other public events associated with the sale offering and asked to respond within the stipulated timeframes for the sale. No decisions have been made on whether GSA will use a specific sales process to accelerate disposition of these properties. Instead, GSA advised that some properties may be sold through the online auction, sealed bid auctions and others via a hired broker, depending upon a variety of factors.

Holland & Knight's GSA Leasing & Federal Real Estate Team is closely monitoring the situation and can assist interested buyers in navigating the disposal process, including potential public sales of surplus properties. In addition, the firm's Real Estate Practice can assist in the acquisition, disposition, financing, and recapitalization or development of these properties. For specific questions, please contact the authors.

Information contained in this alert is for the general education and knowledge of our readers. It is not designed to be, and should not be used as, the sole source of information when analyzing and resolving a legal problem, and it should not be substituted for legal advice, which relies on a specific factual analysis. Moreover, the laws of each jurisdiction are different and are constantly changing. This information is not intended to create, and receipt of it does not constitute, an attorney-client relationship. If you have specific questions regarding a particular fact situation, we urge you to consult the authors of this publication, your Holland & Knight representative or other competent legal counsel.