Parkway Corporation's New Fund Fully Invested, Expanding Urban Parking Portfolio

Parkway Corporation's Inaugural Fund Fully Invested

PHILADELPHIA, August 11, 2025 – Parkway Corporation, a prominent player in real estate development based in Philadelphia, has successfully concluded the investment phase of its Parkway U.S. Land Carry Fund I, LP. This groundbreaking fund, which launched in 2021, has now made a total of 14 investments in 17 surface parking lots across the United States. The latest acquisitions took place in buzzing urban markets including Charlotte, Houston, and Philadelphia.

The fund's portfolio now encompasses approximately 497,108 square feet of urban land across 10 states, equating to 11.4 acres and consisting of 1,449 surface parking spaces. The strategic focus of the fund has been on identifying acquisition opportunities within primary, secondary, and tertiary markets where paid-parking features are either established or emerging.

Robert Zuritsky, CEO of Parkway Corporation, expressed satisfaction with the fund's achievements, stating, "We are very pleased to have completed the allocation of capital and acquired a unique portfolio of urban parking assets during such a transformative period. Our disciplined approach enabled us to secure properties located in prime areas that promise stable cash flows and significant growth potential over time. As the market conditions stabilize and development cycles begin to shift, we are well-positioned to deliver robust, risk-adjusted returns."

Daniel Dean, the Operating Partner of the fund, added insights regarding the volatile market. He observed, "When we initiated the fund, challenges stemming from COVID-19 created an environment ripe for value investing. However, government assistance and historically low interest rates have led to delays in encountering the anticipated distress in the market. Our patience and disciplined investment strategy allowed us to selectively navigate through periods of historically low capital costs. Now, with capital markets tightening and seller liquidity pressures rising, we are finally observing the deal flow we anticipated."

Parkway Corporation boasts over a century of expertise in real estate development, investment, and parking management. The firm has consistently focused on integrating operational excellence with innovative technology, thereby ensuring outstanding customer experiences and superior products. This latest investment reinforces Parkway's commitment to redefining urban parking facilities in an ever-changing market landscape.

For media inquiries and more information about Parkway Corporation’s services, please visit www.parkwaycorp.com or connect with them on LinkedIn.

As Parkway continues its expansion, industry watchers remain eager to see how the U.S. Land Carry Fund I will evolve and perform in the coming years, particularly as urban landscapes continue to shift under the weight of growth and innovation in the real estate sector.