Real Estate
Land Acquisition/Disposal
- Land purchased or exchanges must improve the revenue of the endowment trusts. The Department of Lands is interested in properties that are commercial timber land, commercial real estate and other income-generating properties.
- To provide opportunities for the State Board of Land Commissioners and the Department of Lands to utilize the land banking process to reallocate or diversity its real estate portfolio and to improve revenue for the trust beneficiaries.
- Land exchanges provide an opportunity to dispose of isolated parcels that are costly to administer and acquire real property with greater long-term income potential.
- All proposed land sales are considered on a case-by-case basis.
Real Estate