Chapter I      Compliance with Statutory Policies go to the 2001 Comprehensive Statement on Postal Operations front page go to the table of contents go to the previous page go to the next page
F. Postal Facilities, Equipment and Employee Working Conditions (39 U.S.C. 101 (g))




    3. Facilities

        a. Real Estate Inventory
TABLE 1.2 POSTAL SERVICE REAL ESTATE INVENTORY
Total owned facilities

8,203

Total owned interior square feet

218,741,826

Total owned land in square feet

890,468,826

Total leased facilities

26,594

Total leased interior square feet

103,179,262

Total GSA/other government facilities

451

Total GSA/other government interior square feet

4,446,759

Annual rent paid to lessors

$818.9 million


        b. Realty Asset Management
Realty Asset Management is the part of Facilities that provides internal expertise to identify, analyze, and maximize the return on underutilized and surplus real property assets controlled by the Postal Service. This organization generates income from real estate assets by maximizing postal property value through its highest and best use, leasing or subleasing excess postal space to government and public tenants, and selling surplus real property. During 2001, revenues totaling $86.7 million were generated by Realty Asset Management from the following sources:

        c. Facilities Workload
TABLE 1.3 REALTY ASSET MANAGEMENT
Leasing to private tenants

$10.2 million

Leasing to government tenants

$29.6 million

Sales of excess property

$22.7 million

Rent from developmental property

$24.2 million



Greetings from New Hampshire




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