Parking REIT Changes Name to Mobile Infrastructure Corporation
November 12, 2021 | The Parking REIT, Inc
The Parking REIT, Inc. (the “Company”) announced today that it has changed its name to “Mobile Infrastructure Corporation”. The Company’s new website will be www.mobileit.com.
“At Mobile Infrastructure, we believe in the power of mobility. We will continue to execute on our mandate of investing in parking infrastructure across the United States. We believe that best in class parking assets in CBD cores facilitate the movement of people into and around our cities, as well as create ecosystems of growth around well-run assets,” said Manuel Chavez, Chief Executive Officer of Mobile Infrastructure Corporation. “We believe that the name ‘Mobile Infrastructure Corporation’ captures the essence of our company’s core values and business practices, while also representing our broader portfolio composition of these parking structures. Furthermore, alongside the recent tender offer, equity investment and acquisitions, the name change marks another step in our ongoing evolution and re-establishment of our growth platform.”
Stephanie Hogue, President of Mobile Infrastructure Corporation, added, “Parking is often viewed as a passive asset class. However, the nature of mobility is movement in and around a hub. We believe that parking assets serve as hubs for the movement of people, goods and services into and around a city. While parking may be a passive activity, mobility is not, and we believe that Mobile Infrastructure portrays what lies ahead – a company that is highly proactive about strategic growth with assets that serve as a hub for the ecosystems in which these assets are located.”
About Mobile Infrastructure Corporation
Mobile Infrastructure Corporation is an internally-managed, publicly registered, non-listed company that invests primarily in parking lots and garages in the United States. Its assets include 43 parking facilities located in 17 states. For more information, please visit www.mobileit.com.
Source: SEC
