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Administrator of General Services

The official who leads the General Services Administration (GSA), which is the government agency responsible for managing federal property and services.

Dispose of property

To get rid of government-owned land or buildings, often by selling, transferring, or demolishing them, according to federal rules.

Fair market value

The price a property would likely sell for in an open and competitive market, assuming both the buyer and seller are well-informed and willing to make a deal.

Highest and best use

The most profitable and legal use for a property, considering its location, physical characteristics, and current market conditions.

Subchapter III of chapter 5 of title 40, United States Code

A specific section of federal law that provides rules and procedures for how the U.S. government manages, acquires, and disposes of its real estate.