About TRA

TRA is a full service asset management and real estate consulting firm, specializing in transportation-related and public real property. The MBTA contracts with TRA for the management of its real estate assets, including approximately 5,000 parcels of land, 800 leases, and 600 miles of right-of-way. Since 1996, TRA has generated over $232 Million in cash non-fare revenue and created over a half billion dollars in cash and non-cash value to the MBTA. For more information about the TRA's services, please visit our website.

Results with the MBTA

Utilizing LandTracker, completed a desktop review of 400 miles of right way resulting in a pipeline of surplus property sales, TOD opportunities, and identified encroachments

Tripled the number of annual sales transactions

Completed over 50 TOD-related transactions including complex ground and air rights lease transactions

Quadrupled annual recurring lease income

Reorganized the retail program in transit and commuter rail stations, resulting in more vendors, improved choices for riders, and the doubling of revenues

Increased annual outdoor advertising revenues 16-fold to over $3.4 million per year.

Obtained 200+ new bus shelters and obtained associated advertising sales revenue at no capital or on-going maintenance cost to the MBTA

Tripled the telecommunications rental stream and obtained multi-million dollar infrastructure improvements for the MBTA

Implemented higher utility rate schedules based upon real estate principles, verified installations, and updated agreements with modern terms and conditions

Created LandTracker, a multi-dimensional web-based database for tracking real property assets utilizing Geographic Information System (GIS) technology

Reduced outstanding receivables by seven figures and continue to maintain annual aged receivables at less than 2% per year

Updated licensing procedures and reduced response time by 50%