The United States real property portfolio is critical infrastructure that provides places and means for the federal government to operate and generate the products, services, security, and assurances that contribute to national prosperity and values. This report identifies broad-based, practical, and compelling strategies for securing continuing investment in the renewal of federal real properties and portfolios. Strategies to Renew Federal Facilities focuses on the how- not the what - for adapting, repurposing, restoring, recapitalizing, and replacing real property assets.

Table of Contents

Front Matter Summary 1 The Purpose of and Need for This Report 2 The Operating Context for Federal Facility Renewal Strategies 3 Federal Facility Asset Management Systems 4 Improving Estimates of Renewal Costs 5 Strategic Planning Process 6 Budgeting: Impactful Resource Decision Making 7 Conclusions and Recommendations References Appendixes Appendix A: Biosketches of Committee Members Appendix B: Committee Interviews and Briefings Appendix C: Communicating the Message Effectively Appendix D: Doing Due Diligence: Government Accountability Office Reports on Renewal of Federal Facilities Appendix E: The Operating Context for Federal Facility Renewal Strategies Appendix F: Facility Asset Management Principles Appendix G: Value, Benefits, and Risks Appendix H: Findings and Recommendations