The Property Group serves as the designated provider of real estate services for the Authority. It functions as the negotiating entity for all real estate matters, with a primary objective to manage and develop NFTA-owned real property to optimize the generation of self-supporting discretionary revenue that supports our transportation centers while fostering economic growth through proficient property management. Simultaneously, the Group seeks to maintain and enhance the physical and financial integrity of Authority-owned properties, including buildings, grounds, and facilities. The NFTA Board of Commissioners acknowledges that the Property Group's activities significantly contribute to enhancing regional economic development potential.

Property Management Department

The Business Center currently manages a real estate portfolio comprising over 480,000 square feet of industrial warehouse distribution and associated office space, as well as over 200 acres of both developed and undeveloped land. This portfolio includes over 85 building space leases, ground leases, and occupancy or license agreements; additionally, it manages more than 14 miles of railroad rights of way, which contain over 80 separate pipe, cable, fiber, and ground leases. The Business Center is also responsible for setting rental rates and tenant fees and negotiating and drafting real estate agreements to attract new tenants and renew existing contracts.

Real Estate Services

The Real Estate Department is tasked with providing real estate services across all other NFTA divisions and Metro. This includes securing and analyzing real estate appraisals, negotiating leases for NFTA's and Metro's transportation operations' properties, soliciting Requests for Proposals or competitive sealed bids for disposing of Authority- or Metro-owned real estate, preparing net income analysis reports for real estate, and managing surplus transportation facilities.

Land Planning & Development Department

To optimize the value of NFTA’s undeveloped land assets, this department oversees land planning and development initiatives. These efforts lay the financially robust groundwork to support further NFTA investment in supplementary properties.