The Best Ever CRE Show JF 3948: Parking Profits, Land Redevelopment, and Long-Term Value ft. Kevin Bupp
Jun 26, 2025
In this discussion, Kevin Bupp, founder of Sunrise Capital Investors, shares his journey from bartending to managing over $400M in real estate. He highlights the unique investment potential of parking garages, noting their strong cash flow and redevelopment prospects. Kevin explores how autonomous vehicles may reshape parking needs and emphasizes the importance of location in real estate. He also discusses the synergy between parking assets and mobile home parks to maximize returns, showcasing his strategic approach to urban investments.
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Kevin's Start in Real Estate
- Kevin Bupp started real estate by working for free with a mentor while bartending.
- At 20, he bought his first single-family home and expanded rapidly thereafter.
Diverse Parking Demand Essential
- Parking demand drivers must be diverse and not overly reliant on office workers.
- Urban cores with 24/7 activity and multiple demand sources are key for parking investments.
Municipal & Private Parking Owners
- Municipalities own a significant share of parking assets, often managing them via parking divisions.
- Private owners are often families with low basis and outdated operations.