Centerpark

Centerpark is a parking management and real estate investment firm based in New York City. The company is privately held and employs four people. Over the past three years, Centerpark has invested $100 million in a diverse portfolio of parking and logistics-oriented properties. Centerpark focuses on re-positioning parking properties in gateway cities, starting with New York City where they are currently one of the largest owners of parking facilities. They transform traditional parking garages into modern mixed-use transportation and logistics centers, leveraging proprietary technologies and opportunistic value-oriented strategies. Centerpark's target investments are typically undervalued properties due to mismanagement, market mispricing, or misalignment of interests between owners and operators. The company boasts a strong historical track record. Centerpark's principals have owned and operated parking garages for the past 30 years through multiple market cycles. After taking over management of a property, Centerpark has averaged a year one revenue increase of 22%. Over the past 10 years, Centerpark's predecessor investments have achieved exceptional above-market returns. Centerpark operates through three distinct units: Centerpark Management, which provides day-to-day management of all parking and self-storage properties; Intellipark, a technology and advisory services company; and Centerpark Realty, which represents the company's real estate investments. For more information, visit their website at centerparkus.com.