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MVP Becomes Latest Non-Traded REITs to Weigh Options, May List on Nasdaq as ‘Pure Play’ Parking Facility Owner

June 22, 2016

 

 


Parking garage

MVP Becomes Latest Non-Traded REITs to Weigh Options, May List on Nasdaq as ‘Pure Play’ Parking Facility Owner

Hire Investment Banker to Explore Liquidity Options
MVP REIT and MVP REIT II, a pair of San Diego-based REITs focused solely on owning parking structures and facilities around the country, have engaged investment banking firm Ladenburg Thalmann & Co. as their financial advisor as they evaluate options to boost liquidity and stockholder value.

As part of its review, the pair of non-traded REITs will consider listing of one or both of the company’s common stock on the Nasdaq securities exchange, along with other options, including acquisitions, alliances and future capital raises.

“The MVP REITs are unique in that they invest solely in parking structures and facilities around the country, a compelling asset class that we believe provides us and our stockholders with tremendous upside opportunities,” said Mike Shustek, chairman and CEO of both REITs.

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Gil Armour, CFP
February 3, 2016

I have been using Blue Vault Partners for the past five years.  I have found them to be a valuable, unbiased resource when it comes to evaluating and comparing non-traded REITs.  The reports help me analyze which sponsors are doing a responsible job of managing their offerings.  This allows me to limit my REIT recommendations to only the most competitive products, and then track those REITs throughout their life cycle.