# Parking - Real Estate Asset

**IRI:** https://folio.openlegalstandard.org/RxMGpB33xjOdBX3hTCQF20

## Labels

**Alternative Labels:**

- Car Park
- Parking Facility
- Vehicle Storage Area

## Definition

Parking, in the context of real estate assets, refers to designated areas or structures designed for the temporary storage of vehicles. This type of real estate asset can include surface lots, multi-story garages, or underground facilities, often generating revenue through hourly, daily, or monthly fees.

## Sub Class Of

- https://folio.openlegalstandard.org/RUhSbbDJZa8Crs3tIWcIfV

**Deprecated:** False