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Parking-Focused REIT Explores Stock Listing

San Diego-based MVP REIT Inc. and MVP REIT II Inc. are exploring a potential stock offering and capital raises. The parking structures and facilities focused investment firms engaged Miami-based Ladenburg Thalmann & Co. Inc. as their financial advisor.

Among the considerations are listing one or both companies’ common stock on the Nasdaq securities exchange, potential acquisitions, alliances and future capital raising endeavors. The REIT’s Mike Shustek says there’s “tremendous upside opportunities” nationally in the parking-related sector.

MVP REIT, which closed to subscribers in 2015, has acquired 18 properties totaling $87.4 million in aggregated purchase cost.  MVP REIT II is in the midst of an offering of up to $500 million in common stock shares that’s slated to close in October.

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Inside The Story

Read More at San Diego Business JournalConnect with MVP REIT’s Shustek

About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

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