New York MTA Awards Greystone Renewal as Real Estate Advisor
Real Estate Services Relationship for the Nation’s Largest Transit System Continues for Additional Five-Year Term
Greystone Management Solutions was recently selected to continue to provide the New York Metropolitan Transportation Authority (MTA) with a suite of real estate management services for a five-year term. The MTA selected Greystone following a competitive procurement.
Under the agreement, Greystone will provide account management, construction management, accounting and collections, insurance compliance, and dispute resolution services for the MTA. The MTA’s portfolio consists of approximately 4,000 occupancies that include retail agreements, utility right of way agreements, parking agreements, and easements stretching from Montauk to Poughkeepsie.
“We are proud that our track record has resulted in the MTA choosing to continue partnering with our real estate team to manage this diverse portfolio,” said Charles Di Maggio, Chief Executive Officer of Greystone Management Solutions. “Greystone’s asset management teams include interdisciplinary professionals trained in real estate finance, real estate law and property management. We are proud to continue to bring our firm’s twenty-year history of real estate advisory services for public institutions to work with the MTA team to maximize non-fare box revenue to the agency.”