F--Eastern States ORC Region 4

The Bureau of Land Management (BLM) has released a manual section on real property management, which establishes policy for the management of BLM's real property. The manual outlines the objectives, authority, and responsibilities for real property management, including the establishment of a real property management program, the maintenance of real property records, and the disposal of unneeded or unserviceable real property. The manual also provides guidance on the capitalization of real property, the performance of inventories, and the review of real property business practices. • The manual applies to all BLM real property, including land, buildings, and other improvements. • The manual establishes a capitalization threshold of $100,000 per item. • The manual requires an annual inventory to physically verify the presence and condition of all capitalized real property. • The manual provides guidance on the roles and responsibilities of various BLM personnel, including the Director, Deputy Director, Assistant Director, and local real property managers.