State Department:

Millions of Dollars Could Be Generated by Selling Unneeded Overseas Real Estate

T-NSIAD-96-195: Published: Jun 27, 1996. Publicly Released: Jun 27, 1996.

Additional Materials:


Office of Public Affairs
(202) 512-4800

GAO discussed the State Department's management of more than $10 billion in U.S. overseas real estate. GAO noted that: (1) State has made substantial progress in correcting its real estate management problems, but State's retention of unused or excess property remains a problem; (2) State's list of potential real estate sales properties is incomplete; (3) State has not expeditiously disposed of closed properties or established an effective process for identifying and selling unneeded overseas property; (4) State and the embassies are unable to settle excess property issues because of the parties' parochial interests and the lack of incentives to sell excess property; and (5) State does not have a system to account for sales proceeds and ensure that they are spent for high-priority needs.

Mar 22, 2018

Mar 16, 2018

Mar 8, 2018

Mar 6, 2018

Feb 27, 2018

Feb 14, 2018

Feb 6, 2018

Jan 29, 2018

Dec 14, 2017

Nov 21, 2017

Looking for more? Browse all our products here