About TRA
Transit Realty Associates (TRA) is a full service real estate company specializing in providing real estate expertise to the public transit industry. In 1996, the Massachusetts Bay Transportation Authority (MBTA) contracted with TRA for the management of its real estate assets. These assets include approximately 5,000 parcels of land, 800 leases, and 400 miles of right-of-way. For more information about the services that TRA provides to the transportation industry in general, please visit our website.
In providing the MBTA with a complete outsourcing solution for its real estate services over the past nine years, TRA has helped the MBTA achieve the following:
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Generated more than $210 million in revenues from MBTA real estate over the past thirteen years, with millions more in identified projects in progress
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Quadrupled the MBTA's income from real estate activities (more than double the MBTA's original privatization goal)
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Reorganized the MBTA's retail program in transit and commuter rail stations, resulting in more vendors, improved choices for riders, and the doubling of revenues from the retail portfolio
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Identified undocumented telecommunications installations and placed them under agreement, which will generate cumulative payments of over $30 million to the MBTA over the lease term
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Developed an aggressive telecommunications marketing strategy leading to new agreements which tripled the MBTA's telecommunications rental stream and obtained multi-million dollar infrastructure improvements for the MBTA
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Renegotiated outdoor advertising contracts, doubling base rent and receipt of percentage rent, obtained ownership of the structures
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Implemented higher utility rate schedules
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Negotiated over 50 transit-oriented development transactions
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Tripled the number of surplus property sales transactions
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Created a multi-dimensional property inventory database for tracking the MBTA's real property assets utilizing Geographic Information System (GIS) technology