Real property inventory


Also found in: Acronyms.

Real property inventory

An itemized list and classification of the real property of a person or estate, showing the amount, character, and condition of such property at a given time; also, an objective listing of the supply, character, and condition of all real property in a given area at a certain time.
References in periodicals archive ?
GSA officials are reviewing all of its properties to identify and remove all assets from its real property inventory that are not financially self-sustaining or for which there is not a substantial, long-term federal purpose.
Through a robust technology demonstration conducted at Fort Jackson in July, GFEBS proved its ability to meet the information requirements needed to operate and support the management of Real Property Inventory, part of the Army's general fund.
However, the worldwide inventory GSA maintains is the only central source of more descriptive data on the makeup of the real property inventory, such as property address, square footage, acquisition date, and property type.
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