MVP REIT II Declares $25 Per Share Value

MVP REIT II Inc., a publicly registered non-traded real estate investment trust, announced that it will continue to report its estimated value per share of $25.00 per common share.

In accordance with FINRA Rule 15-02’s net investment method, the company will determine its net asset value no later than May 29, 2018, which is 150 days after the second anniversary of breaking escrow.

As previously reported by The DI Wire, MVP REIT II has no upfront securities load for its investors. Instead, the REIT’s sponsor pays a 6.5 percent commission directly to financial advisors, as well as organizational and offering expenses. The offering features no dealer-manager fee. The REIT seeks to raise $550 million in its primary offering, $50 million of which is designated for the distribution reinvestment plan. All shares associated with the offering, including DRIP shares, are priced at $25.00 each.

MVP II commenced its offering in October 2015 and, according to the company, will continue to offer shares on a continuous basis until the offering terminates on or before October 22, 2017, unless it is extended through October 22, 2018.

MVP REIT II focuses on investing in parking facilities located throughout the United States and Canada. The company broke escrow in December 2015 and has raised $11.6 million in investor equity since inception, according to the most recent Stanger Market Pulse.

For more MVP REIT II related news, visit their Directory Page here.