MVP REIT and MVP II Engage Ladenburg Thalmann, Set Date for MVP II Offering Close

MVP REIT Inc. and MVP REIT II Inc., two publicly registered non-traded real estate investment trusts, announced that the companies and their affiliated entities have engaged investment banking firm Ladenburg Thalmann & Co. Inc. to act as financial advisor in connection with investment banking matters, including the exploration of various courses of action to enhance stockholder liquidity and value.

Ladenburg Thalmann & Co., a subsidiary of Ladenburg Thalmann Financial Services Inc. (NYSEMKT: LTS), will advise the REITs on the possible listing of one or both of the company’s common stock on a national securities exchange, strategic alliances and acquisitions, potential borrowings and future capital raises.

MVP REIT II also announced that it anticipates it will close its current public offering of its common stock on or about October 1st, but the board of directors may extend the closing date.

“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 chief executive officer of MVP REIT, and president, chief executive officer and chairman of the board of MVP REIT II. “The engagement of Ladenburg Thalmann as our strategic advisor validates our pioneering investment strategy and may allow us to unlock additional stockholder value as we pursue further avenues to expand our portfolio and reach.”

MVP REIT closed its initial public offering in September 2015 after raising $97.3 million from the sale of its common stock.

MVP REIT II broke escrow in December 2015 and has raised $21 million in investor equity since inception.

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