Mike Shustek |
Ladenburg Thalmann &
Co. Inc., a subsidiary of Ladenburg Thalmann Financial Services Inc. (NYSE
MKT: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 1, 2016. The
board of directors of MVP REIT II may extend the closing date at its sole
discretion.
“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.”
For a
complete copy of the company’s news release, please contact:
Julie Leber
Spotlight Marketing
Communications
949.427.5172, ext. 703
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