1. Short title This Act may be cited as the Real Estate Assets and Leasing Reform Act of 2018 or REAL Reform Act of 2018 . 2. Streamlined Leasing Pilot Program (a) Execution of leases The Administrator of General Services shall establish and conduct a pilot program to execute lease agreements using alternative procedures pursuant to authority provided under section 585 of title 40, United States Code, and pursuant to the provisions of this section. (b) Goals of procedures The goals of the alternative procedures are— (1) reducing the costs to the Government of leased space, including— (A) executing long-term leases with firm terms of 10 years or more and reducing costly holdover and short-term lease extensions, including short firm term leases; (B) improving office space utilization rates of Federal tenants; and (C) streamlining and simplifying the leasing process to take advantage of real estate markets