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Parking REIT Acquires Parking Facilities in Hawaii, Louisiana
Wednesday 11 July 2018

11 July 2018 - Nevada, US-based real estate investment trust The Parking REIT, Inc. has acquired a Honolulu, Hawaii-based multi-level parking garage in Honolulu, Hawaii and a New Orleans, Louisiana-based surface lot, the company said.
Terms of the transaction were not disclosed.
The Parking REIT said these properties are located in dense population centres and tourist areas of Honolulu and New Orleans.
As of June 30, 2018, The Parking REIT's portfolio contains 43 surface parking lots and garages with a total of approximately 11,500 parking spaces.
The Parking REIT, Inc. (formerly known as MVP REIT II, Inc.) is a publicly registered, non-listed REIT that invests primarily in parking lots and garages in the United States. The Parking REIT is managed by MVP Realty Advisors, LLC.
Details
Date Published: 11/07/2018
Target: Parking garage in,  Honolulu, Hawaii and a New Orleans, Louisiana-based surface lot
Country: USA
Sector: Construction/Real Estate
Type: LBO
Financing:
Status: Closed
Vendor:
Buyer: The Parking REIT
Comment:
Terms of the deal were not disclosed

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