Asset management creates opportunities to increase District revenues for facilities and/or programs. Asset management includes disposition, development, consolidation, or exchange of surplus, underutilized, substandard, or exceptionally valuable District property. Revenues from asset management may be used on a pay-as-you go basis, or applied to debt service for COPs or other debt instruments.
Objectives
Ensure that the District derives maximum value from its surplus assets and complies with statutory requirements for disposing of and acquiring property.
Components
Asset management services may include:
Prepare long run student housing plan
Coordinate formation and activities of "7-11Committee"
Coordinate declaration of surplus property, request for State waivers, and decisions regarding use of proceeds
Evaluate potential surplus sites with respect to land use and development alternatives, residual land value, and revenue generation potential, including projection of annual cash flows and bonding capacities
Prepare asset management strategy and/or economic master plan if necessary, including need for replacement sites, supplemental financing, etc.
Implement asset management strategy and/or specific property transactions, including identify and select developers through RFP or other process, negotiate agreements with city, redevelopment agency ("RDA"), and/or developers, and monitor and enforce compliance with agreements
Results
Asset management can generate millions of dollars in new revenues, through (i) considering all potential means of disposition, including direct sale, long term ground lease, trade, and development, (ii) determining specific ways to add value to the property, e.g., through development and/or subsidy from RDAs, and (iii) disposing of property in accordance with an overall asset management strategy and/or economic master plan.
Documents 
Community Development Insights