NJ TRANSIT’s First Real Estate Day Promotes TOD Opportunities
4/30/2026
More than 300 commercial real estate, finance, and government professionals attended NJ TRANSIT’s first real estate industry day to learn about upcoming transit-oriented development (TOD) projects and opportunities for leasing and retail.
At the event, attendees met with NJ TRANSIT leadership and staff implementing TOD initiatives. Remarking on the benefits of TOD, New Jersey Governor Mikie Sherrill said, “Transit-oriented development is one of the most effective tools we have to tackle our housing shortage, reduce congestion and air pollution, and lower costs for families.”
Six months ago, the agency launched a LAND Plan: Leveraging Assets for Non-farebox Dollars. The plan outlines how leveraging the agency’s real estate portfolio could raise as much as $1.9 billion in non-farebox revenue, up to $14 billion in economic activity for the state, and up to $1.6 billion in municipal revenue over the next 30 years.
NJ TRANSIT President and CEO Kris Kolluri said, “By generating meaningful non-farebox revenue and, ultimately, reducing the reliance on state subsidies, the LAND Plan allows us to reinvest in our system while helping to develop better-connected communities for the people who depend on NJ TRANSIT every day.”