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Real Estate

The Government Employees' Retirement System of the Virgin Islands owns the GERS Complex on St. Thomas, which is the location of GERS' principal place of business.  The tenants are the Division of Personnel, the Department of Justice, Rescare (Job Corps) and FirstBank Virgin Islands (ATM).  GERS also owns an additional 2.9 acres located at Parcels No. 5 and 6 Estate Orange Grove, St. Croix, which houses the St. Croix Branch Office and the Casino Control Commission. 

The the new St. Croix Complex was completed August 2010 and dedicated on October 1, 2010, the 51st anniversary of the System. The new complex houses a 22,000 square foot two-story building which augments the existing facilities now located on the site.

In late 2006, GERS purchased 120 acres of land at Estates Hoffman and Nullyberg on St. Thomas and in October 2010 purchased 170 acres of land at Estate Coakley Bay on St. Croix.  These purchases were made primarily as a real estate investment for our members.  Our architect has done a conceptual drawing on the best comprehensive use for the St. Thomas property and has engaged consultants to conduct environmental studies, in addition to marketing and feasibility studies for the best use in preparation for request for zoning change.  The Development Committee of the Board of Trustees is presently reviewing different options for use of this property as well as the St. Croix property is being looked at to be developed into a residential subdivision, family homes and assisted living facility.