Real Estate

The Real Estate Program establishes policies, procedures, and provides oversight for state leases and other real estate contracts for executive branch agencies and institutions of higher education. This process includes statutory approval of all leases; coordination with the state's contracted real estate brokers; maintaining the inventory of state-owned and leased property; maintaining the inventory of state-owned vacant facilities; annually reporting acquisitions, dispositions, and lease summaries to the Capital Development Committee of the General Assembly; and developing and administering office space standards for leased space and strategic real property.

While the state's leasing program is the largest single responsibility of the Real Estate Program, other areas of responsibility include purchasing real estate for the state; selling or leasing state-owned real estate; and negotiating and executing licenses, rights-of-way, and easements on non-state land for state use or on state land for the use of private parties. All activities of the Real Estate Program exclude the following which are assigned to other agencies:

  1. Acquisitions by the Department of Transportation (CDOT);
  2. Acquisition or disposition of state land by the State Land Board; and
  3. Certain easements, rights-of way, vacant land leases, and vacant land acquisitions by the Department of Natural Resources' Division of Wildlife or Division of Parks and Recreation.

Additionally, Colorado statutes require that all acquisitions and dispositions of real estate by all agencies and institutions of higher education, except the State Land Board and CDOT rights-of-way, must be reported to the Real Estate Program. The Real Estate Program then uses this information to fulfill its statutory responsibility of maintaining a current inventory of all state-owned real estate.


Cameron Kennedy
Manager, Real Estate Program

Jennifer Threlkeld
Real Estate Specialist

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