Centerpark

Centerpark is a parking management and real estate investment firm headquartered in New York City. With a focus on re-positioning parking properties in gateway cities, the company has become one of the largest owners of parking facilities in NYC. Over the past 3 years, Centerpark has invested $100M to accumulate a diverse portfolio of parking and logistics-oriented properties. The company's 30 years of industry expertise, combined with the use of proprietary technologies and value-oriented strategies, enables them to convert traditional parking garages into modern mixed-use transportation and logistic centers. Centerpark follows a highly disciplined approach to investment, focusing on off-market, undervalued opportunities resulting from mismanagement, market mispricing, and misalignment of interests. Their historical track record showcases a year one revenue increase of 22% once they begin managing a property. Additionally, their predecessor investments have achieved above-market returns over the past 10 years. The company operates through three distinct units: Centerpark Management for day-to-day property management, Intellipark for technology and advisory services, and Centerpark Realty for real estate investments. With plans to expand into similar gateway cities, Centerpark presents a compelling opportunity for investors seeking exposure to the real estate and parking management space.