October 26, 2015 Comments Off on MVP REIT II Going Public Views: 587 California News, San Diego

MVP REIT II Going Public

MVP REIT II, a San Diego-based company that intends to invest in parking lots across North America, has filed a registration statement with the U.S. Securities and Exchange Commission (SEC) to go public. The company is offering 20 million shares of its common stock priced at $20 each, as well as another two million at $25 per share, as part of a reinvestment distribution program.

Company officials expect to become an official real estate investment trust at the beginning of next year. The primary offering will reportedly total $500 million. MVP REIT II expects the parking business to continue to perform well, due to increases in the population and the growing number of vehicles those residents will own.

Read MVP REIT II’s Full Prospectus

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