Green Courte Continues Expansion of Near-Airport Parking Portfolio

Chicago, Illinois (January 21, 2021) – Green Courte Partners, LLC, a private equity real estate investment firm and owner of The Parking Spot (“TPS”), the nation’s leading near-airport parking company, announced today the acquisition of a 1,580-space parking facility serving Baltimore/Washington International Thurgood Marshall Airport (“BWI”). The property, which is currently operated as Econopark Express, will be rebranded as The Parking Spot West and will serve as TPS’s second facility at BWI.  The Parking Spot West will enhance TPS’s operating efficiencies in the market and its location will allow TPS to better serve customers arriving from the Washington, D.C., metropolitan area. With this acquisition, Green Courte’s near-airport parking portfolio expands to 39 facilities at 22 airports containing more than 78,000 spaces nationwide.

Jordan Kerger, Managing Director at Green Courte, stated, “We are pleased to expand our presence at BWI with a property that complements our existing location in the market. Our deep industry experience and our ability to execute quickly allowed us to customize the transaction to meet the specific financial and structuring needs of the seller.”

Francis Gardiner, Green Courte’s counterparty in the transaction, added, “Green Courte approached us directly regarding a transaction, and they delivered on the terms and timing we agreed to despite the challenging economic and operating circumstances.”

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