Public sector real estate
In the United States, public sector real estate is the collection of publicly owned, publicly managed and publicly leased real property assets. It is also known as publicly owned, managed and leased public land, public waterways, public right of ways, and the air, space, mineral right, items constructed on or attached to that which is publicly governed, owned, leased, gifted, paid in whole or in part, or managed by an entity that receives public funds, payments, tax credits or exemptions. Most real estate that is owned by a non-private entity is viewed as public sector real estate.
The U.S. Federal Government is the largest owner and lessee of public sector real estate in North America. The U.S. General Services Administration is the primary government agency tasked with managing the U.S. Federal Government's real estate properties and the leases the GSA has with the private sector.
Examples of public sector real estate range from a U.S. Federal building, a State capital building, a municipal airport, a public park, property owned by a publicly funded school.
In Europe the term "public" is used to identify real estate activities associated with public companies.
