Office of Real EstateIn managing nearly 18,000 properties at 267 posts abroad, this office has a sweeping, complicated, and often sensitive range of policy and operational duties, as indicated by the major responsibilities of its three divisions:
- Acquisitions and Disposals Division (OBO/RE/AQD) manages the real estate sales and purchase programs and the new office building site acquisition program; negotiates purchase, sale, build/lease, and major lease transactions; and provides general international real estate guidance to U.S. missions overseas.
- Evaluations Division (OBO/RE/EV) conducts and/or certifies property appraisals, undertakes market studies, analyzes investment opportunities, develops related business cases, and tracks worldwide realty trends.
- Real Property Management Division (OBO/RE/RPM) develops and oversees housing policies, administers the high-cost lease exception program, and safeguards property records.
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