Asset Management

Real Estate

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Real Estate

The Real Estate Division is responsible for the acquisition, management, and disposal of real estate interests required by the Navy and Marine Corps (fee simple title, leases, easements, etc).  Their job is to acquire the correct real estate rights that match Navy & Marine Corps requirements and effectively manage those rights.

This division is staffed by a professional community of realty specialists, appraisers, cartographers, land surveyors, program analysts, and administrative assistants, who provide more than twenty Real Estate products & services designed to support the Fleet, Fighter, and Family. 

Some examples of real estate projects include: 

·   acquiring restrictive easements over land that adjoins installations to protect them from incompatible development in support of the Navy’s encroachment management program;

·   out-leasing underutilized Navy land and facilities to public and private organizations that provide services that improve service members' quality-of-life

·   acquiring land or facilities required in support of the warfighter; and

·   disposing of excess land or facilities no longer required for the Navy mission.

NAVFAC Real Estate serves the Navy and Marine Corps by supporting the very foundation of the Navy Shore Establishment.

A copy of the NAVFAC Real Estate Proceedural Manual P-73 is available by opening this hyperlink. 

Note: Depending on your operating system, the P-73 file may not open.  In that case, right click on the hyperlink and select 'Save Target As'.  Save it to your Desktop or other preferred location.  You will then be able to access the entire manual.  The total size is ~3.5 MB.

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