{"id":9671,"date":"2021-01-22T16:00:34","date_gmt":"2021-01-22T21:00:34","guid":{"rendered":"https:\/\/www.silverlaw.com\/blog\/?p=9671"},"modified":"2021-01-22T16:00:34","modified_gmt":"2021-01-22T21:00:34","slug":"did-you-lose-money-in-the-parking-reit","status":"publish","type":"post","link":"https:\/\/www.silverlaw.com\/blog\/did-you-lose-money-in-the-parking-reit\/","title":{"rendered":"Did You Lose Money In The Parking REIT?"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignleft wp-image-9551 size-medium\" src=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2020\/12\/FiverrLosses-300x200.jpg\" alt=\"The Parking REIT, a non-traded real estate investment trust that has declined in value by over 50%, announced that it is selling the majority of the company to an affiliate of the alternative asset management firm Bombe Asset Management.  The agreement includes an investment by Bombe of $90 million in property and parking assets and $35 million in cash. Bombe will receive operating partnership units and warrants to purchase common stock. Bombe will purchase 1.55 million shares from the REIT\u2019s advisor, its affiliates, and CEO Michael Shustek, for $11.75 each.  About The Parking REIT  The Parking REIT, which began operating in 2015, was formed when 2 non-traded REITS, MVP REIT and MVP REIT II, merged. The company invests in parking lots and garages in the U.S. and abroad.\" width=\"300\" height=\"200\" srcset=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2020\/12\/FiverrLosses-300x200.jpg 300w, https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2020\/12\/FiverrLosses-1024x683.jpg 1024w, https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2020\/12\/FiverrLosses-768x512.jpg 768w, https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2020\/12\/FiverrLosses-1536x1024.jpg 1536w, https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2020\/12\/FiverrLosses-2048x1366.jpg 2048w, https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2020\/12\/FiverrLosses-1000x667.jpg 1000w, https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2020\/12\/FiverrLosses-180x120.jpg 180w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/>The Parking REIT, a non-traded real estate investment trust that has declined in value by over 50%, announced that it is selling the majority of the company to an affiliate of the alternative asset management firm Bombe Asset Management.<\/p>\n<p>The agreement includes an investment by Bombe of $90 million in property and parking assets and $35 million in cash. Bombe will receive operating partnership units and warrants to purchase common stock. Bombe will purchase 1.55 million shares from the REIT\u2019s advisor, its affiliates, and CEO Michael Shustek, for $11.75 each. <a href=\"https:\/\/www.silverlaw.com\/blog\/did-you-lose-money-in-the-parking-reit\/#more-9671\" class=\"more-link\">Continue reading \u203a<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Parking REIT, a non-traded real estate investment trust that has declined in value by over 50%, announced that it is selling the majority of the company to an affiliate of the alternative asset management firm Bombe Asset Management. The agreement includes an investment by Bombe of $90 million in property and parking assets and [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[602,594],"tags":[],"class_list":["post-9671","post","type-post","status-publish","format-standard","hentry","category-class-action","category-real-estate-investment-trusts"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Did You Lose Money In The Parking REIT? &#8212; Contact Silver Law Group<\/title>\n<meta name=\"description\" content=\"The Parking REIT, a real estate investment trust that has declined in value by over 50%, announced that it is selling the majority of the company.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.silverlaw.com\/blog\/did-you-lose-money-in-the-parking-reit\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Did You Lose Money In The Parking REIT? 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&#8212; Contact Silver Law Group","twitter_description":"The Parking REIT, a real estate investment trust that has declined in value by over 50%, announced that it is selling the majority of the company.","twitter_image":"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2020\/12\/FiverrLosses-300x200.jpg","twitter_misc":{"Written by":"Silver Law Group","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.silverlaw.com\/blog\/did-you-lose-money-in-the-parking-reit\/#article","isPartOf":{"@id":"https:\/\/www.silverlaw.com\/blog\/did-you-lose-money-in-the-parking-reit\/"},"author":{"name":"Silver Law Group","@id":"https:\/\/www.silverlaw.com\/blog\/#\/schema\/person\/de64d999508b1ad10d608a99f0d2e752"},"headline":"Did You Lose Money In The Parking REIT?","datePublished":"2021-01-22T21:00:34+00:00","mainEntityOfPage":{"@id":"https:\/\/www.silverlaw.com\/blog\/did-you-lose-money-in-the-parking-reit\/"},"wordCount":639,"image":{"@id":"https:\/\/www.silverlaw.com\/blog\/did-you-lose-money-in-the-parking-reit\/#primaryimage"},"thumbnailUrl":"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2020\/12\/FiverrLosses-300x200.jpg","articleSection":["Class Action","Real Estate Investment Trusts"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.silverlaw.com\/blog\/did-you-lose-money-in-the-parking-reit\/","url":"https:\/\/www.silverlaw.com\/blog\/did-you-lose-money-in-the-parking-reit\/","name":"Did You Lose Money In The Parking REIT? 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