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MVP REIT AcquiresParking Facility in Texas

June 18,2015

MVP REIT, Inc. announced today that the REIT has recently completed the acquisition of five parking facilities in four states for an aggregate purchase price of $36 million. The acquisitions are comprised of parking garages and surface parking lots.

"Each of these parking facilities enjoy superior locations in close proximity to popular destinations, including retail stores, sporting arenas, hotels, office buildings and tourist attractions," said Mike Shustek, chairman and chief executive officer of MVP REIT. "Adding to their attractiveness, each of these properties is leased on a long-term basis to proven parking operators."

Fort Worth, Texas

Among the REIT's five acquisitions is an eight-story parking garage in downtown Fort Worth situated directly across from the 14-story Fritz G. Lanham Federal Building, which houses local federal offices of the Social Security Administration, Internal Revenue Service, National Weather Service and National Labor Relations Board. The parking garage is also in close proximity to the Fort Worth Convention Center, Burnett Park, Fort Worth Water Department and a variety of restaurants. The facility is striped with 1,013 spaces and is 100 percent leased to SP+.

MVP REIT intends to operate as a publicly registered, non-traded hybrid real estate investment trust. It is currently conducting a public offering of up to 55,555,556 shares of its common stock at $9.00 per share and up to an additional 5,555,556 shares of its common stock for issuance under its distribution reinvestment plan at $8.73 per share.

MVP REIT intends to use the proceeds from the offering to invest in a diversified portfolio of income producing commercial real estate properties and loans secured by income-producing commercial real estate as well as to pay expenses and fees associated with the offering.