Asset Analysis & Operational Management

Owner's representation

TRA can help you get more out of your real estate assets by identifying compatible uses for operating facilities, surplus properties, and joint development opportunities. Unlike simple brokerage, TRA acts as an owner's representative by performing the following functions:

• Analyzing the asset
• Performing due diligence
• Determining potential bidders
• Crafting the request for proposals
• Managing the public bidding process
• Negotiating documents
• Closing the transaction

Leasing and lease management

TRA’s leasing representatives understand the marketplace and the practical aspects of generating revenue while protecting the primary public use of real estate assets in a government setting. We can review your existing lease portfolio for

• Under-performing agreements, defaults, unimplemented lease terms
• Expansion and renewal opportunities
• Outdated legal documents

Based on our findings, we can recommend and implement best practices for real estate policies and procedures to protect your interests and maximize revenues.

Sales and exchanges of surplus property

Surplus property is a unique source of revenue for cash-strapped organizations. TRA can provide the feasibility analysis for identifying potential surplus properties and then market and sell, lease, or exchange them for valuable consideration.

Ancillary development

TRA specializes in creating value from joint development or dual use of operational properties. TRA possesses comprehensive expertise in all phases of real estate asset management and development. This broad set of capabilities enables us to provide solutions that are geared to your specific needs – while always taking into account the primary operational use of your real estate assets. In particular, we have developed an expertise in Transit Oriented Development (TOD) and Smart Growth initiatives. With the right strategies, those whose ownership of real estate is incidental to their primary business operations can make their assets work harder and smarter – and generate new sources of revenue.

View descriptions of TRA’s transit-oriented development projects.