The American Recovery and Reinvestment Act of 2009:
Implications for Commercial Real Estate and Facilities Management

by Michael Redding, Managing Director, Agile OAK.

• The American Recovery and Reinvestment Act (ARRA) of 2009 has a total value of $787 Billion making it the single largest spending and tax bill in US history. The ARRA will have considerable impact on businesses involved in property and facility management. This article brings to light many of the implications and opportunities associated with the ARRA for Corporate Real Estate and Facility Management (CRE & FM) organizations.
• Strategic decisions that are affected by the legislation as well as the potential new growth areas that it has created are examined in detail. In particular, the possibilities offered by green technologies, real estate leasing strategies and asset renewal strategies are discussed, in addition to the questions that surround the Act’s “Buy American” provisions.
• This article will be of interest to leaders in CRE & FM organizations seeking to better understand the implications and opportunities presented by the ARRA.