Investment Firm Offers $12.17/Share For The Parking REIT, Inc. Shares

Real estate investment firm MacKenzie Realty Capital (“MacKenzie”) is offering to purchase shares of The Parking REIT, Inc. (f/k/a MVP REIT II, Inc., hereinafter “The Parking REIT”) for $12.17 per share.  The pricing of MacKenzie’s unsolicited tender offer suggests that investors who wish participate in order to generate liquidity will lose money on their investments based on their initial purchase price. As recently reported, The Parking REIT has merged with MVP REIT, Inc. (“MVP REIT I”), and as a result of the merger, the newly formed entity holds a real estate investment portfolio consisting of 44 parking facilities across 15 states, with an estimated aggregate asset value of $280 million. The Parking REIT is a publicly registered non-traded real estate investment trust (“REIT”).  Unlike exchange traded REITs, non-traded REITs are particularly complex and risky investment vehicles that — as their name…

Read more detail on Recent Securities Law posts –

This entry was posted in Securities Law and tagged , , , , , , , . Bookmark the permalink.

Leave a Reply