Which type of property is considered "real property"?

Real property refers specifically to land and anything that is permanently attached to it, such as buildings and structures. In the context of the Coast Guard, this includes any land and buildings that the organization owns and utilizes for its operations. Real property is distinct from tangible personal property (like vehicles or equipment) and intangible property (such as patents and trademarks), as it encompasses fixed locations and facilities crucial for conducting the Coast Guard’s mission. Understanding this distinction is important for effective property management, as it impacts ownership rights, valuation, and legal considerations associated with real estate assets.