Daily News: December 26, 2012

Matrix Advises Getty Realty on Large Portfolio Repositioning


Matrix Capital Markets Group advised Getty Realty during the repositioning of its portfolio of properties previously leased to Getty Petroleum Marketing.

Thomas Kelso, a managing director at Matrix, commented, “It has been a great honor to be selected by Getty to assist them with this substantial challenge. To reposition this large of a portfolio in approximately nine months’ time took an enormous effort by Getty and Matrix. The coordinated effort with Getty that was required to accomplish this endeavor was led by our energy team at Matrix which enabled us to successfully produce the timely and effective results required by our client.”

David B. Driscoll, Getty Realty CEO, stated, “We considered several options before selecting Matrix for this assignment and this experience confirms that we made the ‘right’ choice. Matrix’s professional and disciplined approach delivered timely and cost effective results. The Matrix team helped us to expand our client base and preserve value in the portfolio.”

Getty Realty Corp. is a real estate investment trust in the U.S. specializing in ownership, leasing and financing of convenience store/gas station properties and petroleum distribution terminals.

Matrix’s Energy and Multi-Site Retail Group is provides transactional advisory services to companies in the downstream energy and multi-site retail sectors.