Friday, October 2, 2015

MVP REIT Enters into Agreements to Purchase Six Parking Facilities for Approximately $69.6 Million

Chicago skyline
SAN DIEGO, CA – MVP REIT, Inc. announced the REIT recently entered into multiple purchase agreements to acquire six parking facilities for approximately $69.6 million in total. 

The agreements include the purchase of two parking garages and four parking lots located in Chicago, Indianapolis, Milwaukee and Minneapolis.


The REIT entered into a purchase agreement to acquire a 317-space parking garage in downtown Chicago. The parking garage also contains approximately 63,000 square feet of retail space.


MVP REIT also anticipates to acquire two parking facilities in downtown Indianapolis. These include an approximately 52,650-square-foot parking garage with 370 spaces, and an approximately 46,403-square-foot surface parking lot with roughly 149 parking spaces.

Downtown Milwaukee

The REIT has entered into a purchase agreement for a 48,500-square-foot parking lot with approximately 75 parking spaces.


MVP REIT is expected to acquire two parking lots in in west downtown Minneapolis, including a 90,658-square-foot surface lot with approximately 270 parking spaces. The REIT also entered into an agreement to purchase a 107,953-square-foot surface lot with approximately 185 parking spaces.

MVP REIT’s parking portfolio currently contains 11 surface parking lots and three parking garages with a total of 3,253 parking spaces. The REIT’s total parking portfolio is valued at approximately $70.9 million.

   For a complete copy of the company’s news release, please contact:

Jill Swartz   
Julie Leber
Spotlight Marketing Communications
949.427.5172, ext. 701                                                                                    949.427.5172, ext. 703

Jana Kramer and Country Music Personality Cody Alan Bring Super 8 Military Appreciation Tour to The Big E

Jana Kramer

 PARSIPPANY, N.J. (Oct. 2, 2015) – More than 300 service members and their families from Western Massachusetts, including Westover Air Force Reserve Base in Chicopee, will be treated to a special, live Q&A with award-winning Country music star Jana Kramer later today, all thanks to the Super 8® hotel brand and Premiere Networks.

Cody Alan
The event, being held in advance of Kramer’s main stage performance at The Big E, New England’s Great State Fair, will be hosted by CMT After MidNite’s Cody Alan and marks the second stop of the Super 8 Military Appreciation Tour.

 Launched earlier this year, the tour provides service members and their families with access to exclusive, one-of-a-kind events featuring top name Country music stars and is a part of a larger, ongoing effort by Super 8 to recognize and celebrate those who serve.

“As one of the world’s largest and most recognizable hospitality brands, Super 8 is proud to support our service men and women and especially those from the Westover Air Force Reserve Base and the surrounding area,” said Mike Mueller, brand senior vice president for Super 8.

“These individuals have made incredible sacrifices and so it’s truly an honor for us to be able to coordinate this effort for them here today. While it pales in comparison to what they’ve done for our country, this is one small way for us to show our gratitude and thanks.”

For a complete copy of the company’s news release, please contact:

Rachel Nelson
Premiere Networks

Rob Myers
Wyndham Hotel Group