Largest Public Real Estate Manager in U.S.
Implements VFA.auditor™ Software

U.S. General Services Administration Uses VFA Software
to Manage Information about Real Estate Assets Nationwide

BOSTON, Mass. – April 7, 2008 – VFA, Inc. announced today that the U.S. General Services Administration (GSA), the largest public real estate manager in the country, is implementing VFA.auditor™ software across its 11 regions nationwide. GSA field personnel will use VFA.auditor to maintain accurate information about the 190 million square feet of facilities owned by the GSA across the U.S. The software will also be used to generate reports required under federal real property asset management guidelines.

GSA will deploy VFA.auditor in conjunction with VFA.facility®, the capital asset planning and management software which the organization has used since 2000 to manage information about the condition of its real estate assets, prioritize investment requirements, and develop long-term asset management plans.

“VFA.auditor was designed to help organizations such as GSA, which manage large, geographically dispersed real estate portfolios, to cost-effectively maintain current information about the condition of their facilities and major building systems,” said Jerry Kokos, President and CEO of VFA, Inc. “Using VFA.auditor, organizations can capture total dollar liability for every building, pinpoint facilities in need of more detailed evaluation, and develop a baseline for capital budgeting.”

Like their counterparts in the U.S. and Canada, VFA customers in the U.K. rely on the company's facility audit services and capital management software to help them understand the conditions and requirements of their real estate assets, evaluate the impact of potential changes to their portfolios, and optimise their investments in facilities capital.

VFA.auditor and VFA.facility will support GSA in collecting asset data, conducting scenario planning and estimating the impact of different investment levels on facility condition and long-term funding needs for its extensive real estate portfolio, which includes office buildings, courthouses, post offices and border stations.

This analytic capability, coupled with reliable information about facility conditions, has become increasingly important as federal requirements for real property management have evolved over the past several years. Federal property management guidelines, issued in 2004 under the President's Executive Order 13327, require that U.S. federal agencies follow specific guidelines to promote the efficient and economical use of federal real property assets and accountability in their management.

GSA has become a recognized leader in implementing the Executive Order 13327 on Real Property Asset Management and has taken a prominent role on the Federal Real Property Council. GSA was the first agency recognized by the Administration for achieving and maintaining “Green” status on the President’s Management Agenda scorecard, a mechanism for rating the progress of agencies in implementing government policies promoting more efficient use of federal resources.

About GSA
GSA provides a centralized delivery system of products and services to the federal government, leveraging its enormous buying power to get the best value for taxpayers. Founded in 1949, GSA manages more than one-fourth of the government’s total procurement dollars and influences the management of $500 billion in federal assets, including 8,600 government-owned or leased buildings and 208,000 vehicles. GSA helps preserve our past and define our future, as a steward of more than 420 historic properties, and as manager of USA.gov, the official portal to federal government information and services. GSA’s mission to provide superior workplaces, expert technology solutions, acquisition services, purchasing and E-Gov travel solutions and management policies, at best value, allows federal agencies to focus on their core missions.

About VFA
Headquartered in Boston, VFA, Inc. is the leading provider of end–to–end solutions for facilities capital planning and asset management. VFA’s Capital Planning and Management Solution (CPMS™) uniquely combines facility assessment services, Web-based software and business consulting services to enable customers to manage every stage of the capital asset lifecycle — from requirements gathering and long-term planning to capital budget creation and spend management. VFA has helped over 350 organizations in corporate, education, government and healthcare markets to strategically manage more than two billion square feet of real estate. For more information, please call 800-693-3132 or visit http://www.vfa.com.