Hartford’s Propark America is looking to invest more parking facilities, it announced.
The company has expanded its relationship with private equity partner Parkit Enterprises Inc. to launch a parking acquisition fund.
The companies, which are acting as co-general partners, said they already have seven properties in mind, worth $85 million, and are assembling a second portfolio for future acquisition.
Propark has 425 facilities in 16 states, worth more than $2.5 billion.
ADVERTISEMENT
The company has worked with Parkit in the past to develop an airport parking facility in Denver, Colo.
Read more
