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SPR started in 2012 when four companies founded the Surplus Property Roundtable. The original founders were Arconic Inc. (formerly Alcoa Inc.), BASF, ExxonMobil and Ford. SPR has steadily grown from 4 companies in 2012 to over 25 presently. SPR plans to maintain membership at this general level to ensure that the original concept of the small roundtable remains intact.
The Surplus Property Roundtable is a not for profit corporation organized in the State of Illinois. SPR’s Registered Agent is CT Corporation System. The Internal Revenue Service has granted the SPR tax-exempt status.
The corporation is organized exclusively for charitable purposes, within the meaning of Section 501(c)(3) of the Internal Revenue Code. The purpose for which the corporation is formed includes, but is not limited to, providing educational opportunities and resources for the purpose of promoting the responsible ownership, management, remediation, re-purposing, and disposition of real estate with legacy environmental issues including the goal of re-establishing the properties' productive use in cooperation with all stakeholders.
Three standing committees allow for deeper exploration of relevant topics, and provide significant benefit and value to member companies:
Real Estate & Environmental Committee - focused on the identification of best practices for the disposition and productive re-use of "environmentally-impacted" surplus real estate while optimizing three variables: liability elimination, cost minimization, and the maximum value.
Education & Outreach Committee- broadening the public's understanding of challenges and efforts in brownfield dispositions.
Benchmarking Committee - appropriate benchmarking with member companies on relevant topics relating to the management and disposition of surplus properties.
Sponsors play a vital role in providing technical information, financial support, and case studies on business decision models. The sponsors include developers, consultants, and environmental, real estate, and insurance firms. The developers are typically purchasers of industrial real estate and bring an important perspective to the roundtable dialogue about environmental risk and disposition strategies.
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