VRA has over thirty years of parking investment and operations expertise. During that period, the principals of VRA have been involved in over $1B of parking investment transactions. Additionally, VRA's principals have handled asset management responsibilities for several hundred parking assets across the United States.
VRA is actively seeking investment opportunities of all sizes located in urban areas across the U.S., with a preference for stand-alone parking garages and surface lots as well as distressed and challenging assets that require a recapitalization of the existing ownership or a repositioning of the asset. Acqusitions of operating companies and assets are considered on a case-by-case basis.
Parking Advisory and Asset Management Services
VRA specializes in implementing innovative and fiscally sound parking and real estate solutions for public and private owners across the U.S. Utilizing the teams vast knowledge of parking investment and operating principals, VRA can recommend a variety of strategies that will enhance the bottom-line of any parking garage or surface lot. VRA can also create a Master Operating Plan for each parking asset and be responsible for the implementation of all recommended operating strategies.
VRA's Primary Parking Advisory Services:
+ Operational Review to Enhance Revenue and Implement Operating Expense Efficiencies
+ Financial Analysis and Modeling
+ Due-Diligence of Parking Components
+ Value Creation of the Parking Component prior to the Acquisition or Disposition of an asset VRA Parking Operations-Available Services
VRA provides commercial real estate solutions that maximize the value for all stakeholders and mitigate public burden. With an understanding of real estate development, management and finance (taxable and tax-exempt), VRA's public-private partnerships represent a wide range of opportunities, with a major focus on the monetization of the publicly owned parking facilities (either through a long-term lease, concession or a sale) in order to generate necessary cash proceeds to be utilized for desired public buildings, sports stadiums and infrastructure.