Real Estate Forum: Forum 100
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U.S. General Services Administration Public Buildings Service
Owner/Investor | Rank: # 1 (Score: 7 )
        *Category Ranking
Company:   U.S. General Services Administration Public Buildings Service    
Address: 1800 F Street, NW  
City: Washington  
State: DC  
Zip:   20405  
Phone: 202-501-1000  
Fax: 202-219-2310  
Email: pbs.commissioner@gsa.gov  
Website: www.gsa.gov/pbs  
Key Executive    
1. Name: David L. Winstead  
    Title: Commissioner  
2. Name: Anthony E. Costa    
    Title: Deputy Commissioner  
3. Name: Cathleen Kronopolus    
    Title: Assistant Commissioner for Real Property Asset Management  
4. Name:  
    Title:  
*Number of Offices: 477 1
*Number of Employees: 6,000 2
*Gross Revenues Fiscal Year 2006: 7.7 billion 1
*Projected Revenues Fiscal Year 2007: 7.8 billion 1
Selected Areas of Specialization: PBS provides workplace solutions for the civilian federal workforce serving more than 100 federal agencies. This includes designing, building, managing, maintaining 350 million square feet of space in federally owned and leased properties in the US.  
Company Overview: The U.S. General Services Administration’s Public Buildings Service (PBS) is one of the largest public real estate organizations in the United States with responsibility for providing workplace solutions to the civilian federal government in over 2,000 communities nationwide. The majority of the space is concentrated in large commercial markets, and its portfolio consists primarily of office buildings, courthouses, Land Ports of Entry and warehouses. The inventory is managed by 11 regional offices located throughout the country. The agency’s priorities center around improved delivery of high quality products and services to customer agencies at prices they can afford. PBS’s central business premise is offering best value based on market knowledge of customer requirements, real estate and regulatory expertise, and market volume. Owning, managing, leasing, developing, and disposing of a large portion of the federal government’s massive real estate portfolio for over five decades requires a customer-centric focus in order to effectively support over 1 million federal employees. The size and diversity of its portfolio allows PBS to accommodate changing space needs by drawing on local and national market expertise. PBS manages more than three times the square footage of the largest real estate investment trust in the United States. The ability to leverage the size of its portfolio provides PBS a competitive advantage which allows savings to be passed on to federal agencies and ultimately American taxpayers.  
*Total Portfolio Size: 9,000 assets 1
Number of buildings: 8,600  
Square Footage: 352,369,436  
Number of Units/Rooms: n/a  
*Total Value of Portfolio: 69.2 billion 1
Percentage by Property Type:    
Office: 86 %  
Industrial: 7.9 %  
Retail: %  
Apartments: .66 %  
Hotels: %  
Other: 5.7 %  
(Please specify)  
Percentage by Geographic Area:    
Northeast: 28 %  
Southeast: 17 %  
Midwest: 16 %  
Southwest: 14 %  
West: 26 %  
International: %  
Total Acquisitions in 2006:    
Number of buildings:  
Square Footage:  
Number of Units/Rooms:  
Total Value of Acquisitions in 2006:   .      
Total Dispositions in 2006:    
Number of buildings: 55  
Square Footage: 2,200,000  
Number of Units/Rooms:  
Total Value of Acquisitions in 2006: 51.9 million    
    Raw Score:   7