Commercial Real Estate
Diversified sources of revenue for state trust land beneficiaries
Commercial real estate properties represent an important part of the diversified asset portfolio that DNR manages on behalf of state trust land beneficiaries. DNR manages eight properties with commercial buildings, including retail businesses, commercial office buildings, and commercial warehouses. DNR also manages 26 ground leases where DNR owns and leases the underlying land, but lessees own the improvements (buildings and other infrastructure) on those lands. The DNR Commercial Real Estate Program raises about $9 million in revenue every year for state trust land beneficiaries.
DNR offers both short-term and long-term leases for its commercial properties, and works closely with private and public entities that are interested in establishing new commercial lease sites.