by Darcey Leach
Zark, a groundbreaking service that increases parking availability at multifamily communities by empowering residents to reserve parking spaces affordably, announced today that it was a bronze winner of the Multi-Housing News 2023 Excellence Award in the category of Best Technology.
Zark was recognized for its development of a cost-effective solution that allows residents to lease available parking spaces in their communities, as well as provide automated parking management for apartment owners and operators. This system includes features like real-time space availability, easy mobile app access, and an intuitive interface, enhancing user experience. As the number of parking spaces declines and the number of residents increases in multifamily, effective management of this amenity becomes critical to maintaining reputation, retaining residents and controlling costs associated with turnover and marketing.
“The Zark Parking Solutions team is honored to be presented with the 2023 MHN Excellence Award, recognizing our hard work and dedication in addressing a growing problem in multifamily,” said Todd Katler, CEO of Zark. “Our solution, which comes with no ongoing costs for multifamily owners and operators, simplifies parking for residents and onsite teams. Parking remains one of the most important amenities in any community, and legislation and housing trends are continuing to strain parking ratios. We appreciate MHN for recognizing Zark’s valuable contribution.”
Zark empowers properties to lease vacant parking spaces to residents and guests for a low daily rate. This enables the properties to provide a simple, elegant solution to residents risk-free — properties even get a revenue share — without burdening the residents with a fee that feels like a rent increase. The result is a reduction in resident frustration and negative reviews. The powerful solution has no ongoing fees for apartment operators, and properties participate in a revenue share from the reservations.
The 17th Annual MHN Excellence Awards recognized the year’s most outstanding multifamily technology, developments, business strategies and professionals, handing out 87 gold, silver and bronze awards across 34 categories. The event was held on November 30 in New York.