MVP REIT to Buy Connecticut Parking Garage for $7.8 Million

March 1, 2016

Feb 25 2016 | By DI Wire

MVP REIT Inc., a publicly registered non-traded real estate investment trust, entered into an agreement to purchase a parking garage in Bridgeport, Connecticut from Fairfield Avenue Parking Corporation for $7.8 million, plus closing costs.

The property is a multi-level parking garage consisting of approximately 878 parking spaces, together with approximately 4,349 square feet of retail space.

Article Located Here

Go Back
Gil Armour, CFP
February 3, 2016

I have been using Blue Vault Partners for the past five years.  I have found them to be a valuable, unbiased resource when it comes to evaluating and comparing non-traded REITs.  The reports help me analyze which sponsors are doing a responsible job of managing their offerings.  This allows me to limit my REIT recommendations to only the most competitive products, and then track those REITs throughout their life cycle.