Jared Baritz's Contact Details

Jared Baritz's Company Details

Centerpark

, New York, United States • 10 Employees
Real Estate

Centerpark is headquartered in New York City and is a parking management and real estate investment firm focused on re-positioning parking properties in gateway cities. Centerpark's initial focus has been New York City and is currently one of the largest owner of parking facilities in NYC with plans to expand into similar gateway cities. Over the last 3 years Centerpark has invested $100M accumulating a diverse portfolio of parking and logistic oriented properties.Multiple Market Cycle Experience With 3 decades of industry expertise, the use of proprietary technologies and opportunistic value-oriented strategies, Centerpark is converting the traditional parking garage, with limited user groups, into modern mixed-use transportation and logistic centers.Focused Investment Strategy Centerpark's highly disciplined approach focuses on sourcing off-market, undervalued investments typically due to mismanagement, market mispricing and a misalignment of interests between owners and operators.Strong Historical Track RecordCenterpark's principals have owned and operated parking garages for the past 30 years through multiple market cycles. Once Centerpark begins managing the 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 has three distinct operating units:Centerpark Management- provides day to day management of all parking & self storage propertiesIntellipark- Centerpark's technology and advisory services companyCenterpark Realty- represents Centerpark's real estate investments