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• Permitting & application processing
• Toll free phone number for new requests
• Application package forwarded to requester
• Application review and processing
• Negotiation of rental fee at fair market value
• Preparation and execution of necessary documents
• Complete billing, collections and recovery of real estate agreements and property encroachments.
• Complete inventory of existing leases, including one-time easements and confirm revenue of each crossing and encroachment.
• Thorough inspection and confirmation of uses of each crossing encroachment by
determining pipeline width, power line kv rate, telecom pair/facility use and any
other means of revenue generated by companies on right-of-way.
• Research one-time easements to determine if lessee is generating revenue other
than provided in original easement.
• Re-negotiate leases to provide revenues that are more in line with current market value.
• Market right-of-way and excess real estate to utilities.
• Assist in appraisal of real estate revenues versus potential during acquisition
process of new railroad properties.
• Implement permitting and application process for existing and new leases.
• Hi-rail and review Railroad property to ensure accurate inventory.
• Omega recognizes that each Railroad's situation is unique. For this reason Omega is able to
tailor our services to fit each Railroad's specific needs.
• Smaller staffed Railroads utilize Omega to coordinate every aspect of real estate manangement,
while others utilize specific services to compliment the already existing real estate department.
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Client Comments“Omega’s staff is competent, professional and easy to work with” J. Thomas Garrett President - Paducah & Louisville Railways
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