NEW YORK, Aug. 4, 2014 (GLOBE NEWSWIRE) -- Greystone Management Solutions, a division of Greystone & Co., Inc., announced it has been selected as the consultant to develop and implement a retail concessions program for the Metropolitan Atlanta Rapid Transit Authority (MARTA). MARTA, which provides bus, rail and paratransit service for approximately 500,000 passengers each weekday, has been serving the City of Atlanta, and Fulton and DeKalb Counties for the past 35 years.
MARTA has selected Greystone to help the agency manage the expansion of its concessions program. As of July 2014, Greystone will utilize its experience and knowledge of best practices to assist MARTA with site selection and product mix to develop a request for bids to attract leading public transit retailers to participate in MARTA's new program.
"We are pleased to be working with MARTA to help introduce a concessions program that will capture new non fare box revenue for the agency and improve passenger amenities for MARTA's customers," said Charles Di Maggio, Chief Operating Officer of Greystone Management Solutions. "We are very appreciative of the agency's trust to partner with Greystone on this exciting opportunity. Throughout the public transit industry, we are seeing more and more public agencies retain the expertise of the private sector to help manage their real estate, maximize non fare box revenue, and optimize their real estate portfolios, all while improving the station environments for customers. We look forward to sharing our best practices and experience providing asset management services to MARTA's sister agencies," he added.
About Greystone & Co., Inc.
Greystone is a financial services and private investment group whose original core business is multifamily real estate lending. Over the years, Greystone has added business lines that are related to, and are natural extensions of, its core business. Headquartered in New York with offices across the U.S., Greystone is active in three major business segments: Mortgage Finance, Healthcare and Real Estate. Greystone's mission is to apply unparalleled creativity while modelling corporate compassion. For more information about Greystone, please visit www.greyco.com.
About Greystone Management Solutions
Greystone Management Solutions, a division of Greystone & Co., Inc., was established in 1999 to provide commercial real estate services for private and public sectors clients. Greystone Management Solutions is a leading firm in providing asset management and concession development to transportation agencies including the New York Metropolitan Transportation Authority (MTA), New Jersey Transit Corporation (NJ Transit), and the Massachusetts Bay Transportation Authority (MBTA).