About LPRIFocused on leveraging our experience and expertise to create value for our investors through the ownership of strategically located and positioned parking assets nationwide.
LAZ Parking Realty Investors (LPRI) is a private company, founded in 2007 by an experienced team of real estate and parking professionals. Our mission is to identify, diligence and acquire parking assets nationwide; where we see opportunities to add value through experienced ownership and operation. We target assets that fall within the central business districts of the top 50 US market, with particular emphasis on strategically located assets with varied and proximate generators of parking demand. Although LPRI is a completely separate legal entity from LAZ Parking, the overlap of several LPRI principals across the two platforms ensures a valuable sharing of resources and experience with the second largest US parking operator. LAZ Parking’s business and employee base of 2,700 parking operations and 11,000 employees respectively, provides critical market intelligence, underwriting capabilities and business plan execution.
LPRI acts as sponsor, and active investor, in every parking asset we acquire, working with a variety of institutional and private investors; which vary by asset size, geography and specific asset profile. In the past 10 years, LPRI has acquired in excess of 60 individual parking assets; ranging in size from $1 million to $165 million, and geographies from Boston to San Francisco and Seattle to Jacksonville. Our experience extends over virtually every type of parking asset, from simple surface lots to complex mixed-use garages, and includes assets whose primary demand comes from office, retail, residential, hotels, sporting events and airports.