SAN DIEGO—MVP REIT II, Inc. says its registration statement on Form S-11 pertaining to an initial public offering of up to $550 million in common stock was declared effective by the United States Securities and Exchange Commission on October 22.
MVP REIT II is a publicly registered, non-traded Maryland corporation that intends to qualify as a real estate investment trust commencing with the taxable year that will end December 31, 2015, or the first year in which it commences material operation, if later.
MVP REIT II is offering up to 20,000,000 shares of its common stock for sale at $25 per share and up to an additional 2,000,000 shares of its common stock for issuance under its distribution reinvestment plan at $25 per share. MVP REIT II intends to invest in a portfolio of parking facilities located throughout the United States and Canada.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
