Making Space Work: Real Estate Strategies for Fiscal Challenges
Passcode: 2#wwv!Ge
Author Organizations: Marc Held and Adam Chepenik, EY
Description
As state and local governments navigate the challenges of evolving federal funding, rising costs, and shifting constituent needs, the potential of real property to enhance liquidity, optimize capital structure, and facilitate debt reduction becomes increasingly significant. With real property expenditures accounting for 2 to 4% of budgets, governments have the opportunity to unlock value through sales, leases, or refinancing.
These strategies can generate essential funds to address various financial challenges. Moreover, improving the use of shared infrastructure, reducing portfolio size, and capitalizing on hybrid work trends create valuable opportunities for Real Estate Leaders to drive tangible financial impacts. Standardizing real property processes and policies will support decision-making for the greater good.
For more information, please contact Marc Held at Marc.Held@parthenon.ey.com.
