Articles Tagged with Michael V. Shustek

What is the Parking REIT and What Brokerage Firms Sold the Non-traded REIT?

April 26, 2018 | Silver Law Group

Silver Law Group is investigating the Parking REIT after the company ceased paying its shareholders dividends and distributions. If you’ve invested in the Parking REIT or its affiliates, we may be able to help you recover your money.

The Parking REIT’s and its CEO’s Background

The Parking REIT was formerly two (2) separate non-traded REITs: MVP REIT and MVP REIT II. MVP REIT II changed its name to the Parking REIT and, in December 2017, the two (2) REITs merged.

The Parking REIT, f/k/a the MVP REIT and MVP REIT II, Under Investigation After It Suspends Dividend Payments

April 26, 2018 | Silver Law Group

Silver Law Group is investigating the Parking REIT after the public, non-traded REIT suspended cash distributions and stock dividends to its shareholders. If you’ve invested in the Parking REIT or its affiliates, we may be able to help recover some of your money.

The Parking REIT Ceases Distributions and Dividends

In March 2018, the Parking REIT announced that the board of directors unanimously authorized a suspension of the Parking REIT’s cash distributions and stock dividends to “focus on preserving capital” and “seek to enhance the value of the [Parking REIT] … through potential future acquisitions.”