Parking Advisors conducted an acquisition analysis and implemented the value-add opportunities identified during the diligence process.
Parking Advisors' acquisition analysis validates a parking asset's cash flow, evaluates the operations and provides value-add opportunities to enhance financial performance post-closing.
Parking Advisors supports office, retail, multi-family, and mixed-use real estate investors during the acquisition and diligence process. The parking component of many real estate assets can be 15% and 25% of the total value of a real estate asset. Therefore, it is critical to build a comprehensive understanding of past parking cash flows and risks to future parking cash flows.
Parking Advisors analyzes the parking asset’s historical financial statements, billing reports and parking system reports to build a comprehensive understanding of past performance and in place revenue and expenses.
Parking Advisors identifies upside opportunities that increase income including opportunities to increase rates, improve revenue control, lower expenses and optimize occupancy.
During our site visit, we count all of the parking spaces and categorize them by type and location. We also identify spaces that are unusable to calculate a accurate parking space count.
Using our proprietary parking model, Parking Advisors generates a detailed, 11-year cash flow model which includes detailed, line-by-line assumptions.
Parking Advisors conducts a market analysis that evaluates competitive parking rates, analyzes submarket occupancy and estimates the impact of future developments.
Parking Advisors evaluates key parking capital items including the parking technology, signage and electric vehicle charging stations.