Real Estate Management
Currently, real estate revenue is generated from transactions such as lease contracts, easements, utility licenses, forest campground fees, and periodic auctions of trust lands. The trust also enters into land exchanges to consolidate ownership, improve management, or to take advantage of potential future revenue. The DNR Divisions of Forestry and Lands & Minerals work together in drafting, negotiating, and administering leases, utility licenses, and easements on school trust lands.
The 2013 school trust inventory identified approximately 442,000 acres of school trust land with potential for real estate development. The inventory recognized that the potential exists to generate long-term economic returns from high-value school trust real property assets through residential/commercial/industrial development and siting for renewable energy projects. A project is currently underway to reevaluate the real estate development parcels, determine the highest value real property interests, and develop long-term strategies to maximize revenues from real estate development.