Which of the following is a responsibility of Coast Guard property management teams?

The responsibility of overseeing the allocation of personal property is central to the role of Coast Guard property management teams. This task involves ensuring that all personal property, including equipment and supplies, is effectively and efficiently distributed to the appropriate units and personnel. Proper allocation is crucial in maintaining operational readiness and ensuring that all assets are utilized to their fullest potential, while also adhering to policies and regulations governing the management of government property.

In this context, property management teams must track inventories, assess needs of different units, and coordinate the transfer or distribution of property accordingly. This level of oversight helps prevent mismanagement and ensures that resources are available where they are needed the most.

The other options, while important in their respective domains, do not align with the core responsibilities of property management within the Coast Guard. Creating new properties pertains more to development rather than management of existing assets. Managing financial investments typically falls under financial oversight and isn't directly related to property management. Conducting risk assessments on national security involves a broader scope of national defense and security measures, which also does not link specifically to the asset management responsibilities of property teams.