September 9, 2016 Comments Off on Trio Forms Investment Partnership Targeting Parking Assets Views: 275 California, California News, West

Trio Forms Investment Partnership Targeting Parking Assets

Los Angeles-based Stockdale Capital Partners, London-based Grosvenor Group, and San Diego-based Ace Parking Management formed an institutional partnership to acquire, own and manage high quality parking structures and surface lots across the Southwest U.S. The group plans to target income-producing parking garages in infill, high-traffic submarkets, and garages attached to hotels and office buildings that can be acquired and managed independently.

Additionally, it will consider surface lots in supply-constrained markets where parking operations can be executed. The group already has a solid initial pipeline of opportunities, and expects to announce acquisitions soon.

Stockdale Capital Partners’ Daniel Michaels says, “Parking assets are a highly-fragmented, often under-brokered submarket with very little institutional ownership today.”

Read More at Grosvenor Group

Connect with Stockdale’s Daniel Michaels

Connect with Grosvenor’s Andy Yates

For comments, questions or concerns, please contact Dennis Kaiser

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