The Commission for A New Georgia
Administrative Services Task Force

Two Task Forces delved into management of the State’s massive real estate holdings ($11 billion in assets) and construction projects -- a problem area taken on by four commissions over the past 30 years, with no real progress.

Task Forces called for the first statewide inventory of government-owned and leased buildings and land to determine a total record of space, location, usage, value, or cost. As recommended, the Governor appointed a State Property Officer to manage the portfolio. Georgia now has a comprehensive inventory of government real estate, pinpointing every parcel of land, building, and lease on the state map. Anyone can see all the details on a public website.

To date, surplus properties have generated over $22 million in sales. Over 1,000 individual leases for space rented from the private sector have been evaluated, and where necessary, consolidated and renegotiated. Nearly $8 million in cumulative savings or cost avoidances have been realized.


RECOMMENDATIONS:

New Real Estate Entity
Establish a Real Estate entity led by an executive with portfolio management expertise.

- Manage all State-owned and leased real estate through this organization.
- Adopt a portfolio management strategy.
- Consolidate leases to potentially save between $275 and $875 million over 10 years
- Identify surplus land and buildings, and utilize or sell to reduce costs by $210 to $315 million over 5 years.


Assess Property Holdings
Gather and maintain current information on all real estate.

 New Managenment Strategies
Use portfolio management strategies and tools for effective decision-making.

Read the Reports (PDF Documents)
Executive Summary
Final Report
Overview of the Task Force
Chair: Larry Gellerstedt
The Gellerstedt Group

Consulting Partner: IBM

Clay Boardman
Enterprise Mill LLC, Augusta

Lisa Borders
Cousins Properties, Atlanta

Ed Bowen
Real Estate Strategies, Atlanta

Harold Dawson Jr.
Harold A. Dawson Company, Atlanta

Dana Gavin
Geico Insurance, Lake Park

Josh Moore
The Southern Company, Norcross

Frank Norton Jr.
The Norton Agency, Gainesville

Don Perry
LaVista Associates, Norcross

Nancy Quan Sellers
Ackerman & Company, Atlanta

Ted Shurling
The Shurling Company, Macon

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The Commission for A New Georgia | 113 State Capitol Atlanta, GA 30334 | Phone: 404.463.7485 | Fax: 404.463.5268