Market Overview

New York MTA Awards Greystone Renewal as Real Estate Advisor

Share:

NEW YORK, Sept. 04, 2018 (GLOBE NEWSWIRE) -- Greystone Management Solutions, a division of Greystone & Co., Inc., 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."

About Greystone Management Solutions
Greystone Management Solutions, part of the Greystone family of companies, provides real estate advisory services to public institutions, including portfolio management, real estate planning, development advisory, acquisition and disposition services. Representative clients include the New York MTA, MBTA, NJ Transit, MARTA, Albemarle and Stafford Counties in Virginia, the New York City Housing Authority, Massachusetts Department of Transportation, and Port Authority of New York and New Jersey. For more information, visit www.greystonemanagementsolutions.com

About Greystone
Greystone is a real estate lending, investment and advisory company headquartered in New York. Our range of services includes commercial lending across a variety of platforms such as Fannie Mae, Freddie Mac, CMBS, FHA, USDA, bridge, mezzanine, and proprietary loan products; Mortgage servicing; Real estate investment and development; Acquisitions / management of multifamily properties and healthcare facilities;  Affordable housing preservation; Real estate advisory for public institutions; and Investment sales advisory. For more information, visit www.greyco.com.

PRESS CONTACT:
Karen Marotta
Greystone
212-896-9149
Karen.Marotta@Greyco.com

greystone.png

View Comments and Join the Discussion!