If the CBRE agent is a transaction specialist or a transaction manager, it is likely he/she is not a licensed real estate agent in the state where your post office is located. So, after doing your homework to discover the fair market value of your building and knowing what rent you are willing to accept,…
DetailsIn its efforts to cut costs, USPS officials announced their desire to close 3,600 post offices in July 2011 and to eventually close up to 15,000 buildings nationwide, along with half their mail processing centers. Postal lessors and customers fought back and in December 2011, USPS agreed to a six-month moratorium on closings, which ended…
DetailsIf you have a tax reimbursement rider in your USPS lease, it’s up to you to request a reimbursement. For tax riders prior to 1998, USPS will typically not pay special assessments; however, USPS will pay for assessments in leases that contain the tax rider dated 1998 or later. Currently, the Postal Service reimburses…
DetailsAUSPL Board Members Gary Phillips and Morgan Wolaver recently traveled to Washington, D.C. to meet with Mr. Tom Samra, USPS V.P. of Facilities, and Mr. Tom Russell, USPS Facilities National Manager of Real Estate Assets & Leasing. The nature of the meeting was an ongoing discussion on leasing terms but included avenues to work together…
DetailsThe AUSPL Board of Directors recently joined AUSPL lobbyists Alan Suskey and David Jolly in Washington, DC, to meet with leaders in the House and Senate on postal reform. It was an “exciting” time in DC to say the least. Our trip happened to coincide with the end of the fiscal year and the government…
Detailsby Tom Coe, President Real Asset Counseling, Inc. Over the past few years, and particularly with the focus provided by the educational session on valuation of leased USPS properties at the AUSPL conference in Scottsdale this past April, there has been increased interest in the most appropriate methods to determine “fair market” and “fair value”…
DetailsBy AUSPL Board Member John Heeren It’s important when dealing with the USPS or CBRE for lease renewals that you use simple and professional techniques to protect yourself and your investments. Here are a few really easy steps you can take for a successful lease extension. 1. Measure Your Building: Often when we measure the…
DetailsFor information on POStPlan meetings and POStPlan status reports use this link .
Click here to see the Fair Market Value Tool Kit form. by Keith LaShier Owners of buildings leased to the U. S. Postal Service generally have a great relationship with the Post Office. There are, however, times when lessors must educate themselves in preparation for discussions with USPS representatives when the USPS lease agreement is going to…
DetailsAUSPL Insurance Program is customized insurance for postal facilities and is available exclusively for AUSPL members. Currently, the program insures more than 7,000 facilities nationwide. AUSPL Insurance Program has been protecting members’ postal facilities since 1993. AUSPL Insurance adjusters work with lessors and their postmaster(s) to ensure buildings are repaired quickly and efficiently when the…
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