Requires Division of Purchase and Property to issue annual report on State-owned underutilized real property with potential for other uses.

S 1816 requires New Jersey's Division of Purchase and Property to create an annual report on state-owned properties that are underutilized (not fully used for their current purpose). The Division must inventory all such state-owned land - including property owned by agencies or authorities - and analyze its potential for redevelopment, including uses like affordable housing, homeless services, or health services for low/moderate-income residents. This report must be submitted to the Governor and Legislature within 13 months of the bill's effective date, then updated annually, with the report posted online. The bill directly affects the Division of Purchase and Property and state agencies managing property, but does not mandate specific actions - only requires the annual analysis and reporting.