{"id":4241,"date":"2016-01-04T18:32:19","date_gmt":"2016-01-04T23:32:19","guid":{"rendered":"https:\/\/qa.bluevaultpartners.com\/?post_type=news&#038;p=4241"},"modified":"2016-01-04T18:32:19","modified_gmt":"2016-01-04T23:32:19","slug":"mvp-reit-ii-inc-breaks-escrow","status":"publish","type":"post","link":"https:\/\/qa.bluevaultpartners.com\/mvp-reit-ii-inc-breaks-escrow\/","title":{"rendered":"MVP REIT II, Inc. Breaks Escrow"},"content":{"rendered":"<div id=\"post-content-metadata\"><span class=\"post-metadata dt-green\"><em><time datetime=\"2015-12-30T23:28:34Z\">December 30, 2015 18:28<\/time> ET<\/em> <\/span>| <strong>Source:<\/strong> MVP REIT II<\/p>\n<div class=\"spacer\"><\/div>\n<div class=\"spacer\"><em>MVP REIT II has met its minimum offering of $2 million in subscriptions<\/em><\/div>\n<\/div>\n<p align=\"justify\">SAN DIEGO, Dec. 30, 2015 (GLOBE NEWSWIRE) &#8212; MVP REIT II, Inc. (\u201cMVP REIT II\u201d) announced today that the real estate investment trust fulfilled its minimum offering of $2 million in subscriptions on December 30, 2015. As a result, all initial subscribers have been admitted as stockholders of MVP REIT II, and the escrow agent has released proceeds from initial subscriptions that had been placed in escrow until the minimum offering was reached.<\/p>\n<p align=\"justify\">Funds from subscriptions are now available to the REIT for the acquisition of real estate assets and other purposes. Residents of Pennsylvania and Washington will not be admitted until gross offering proceeds exceed $25 million and $10 million, respectively, in shares sold.<\/p>\n<p align=\"justify\"><strong><span style=\"text-decoration: underline;\">About MVP REIT II, Inc.<\/span><\/strong><\/p>\n<p align=\"justify\">MVP REIT II, Inc. is a publicly registered, non-traded Maryland corporation that intends to qualify as a real estate investment trust commencing with the taxable year that will end December\u00a031, 2015, or the first year in which it commences material operations, if later. MVP REIT II intends to invest in a portfolio of parking facilities located throughout the United States and Canada. For more information regarding MVP REIT II, please visit <a title=\"TheParkingREIT.com\" href=\"http:\/\/www.globenewswire.com\/Tracker?data=e2Y9OP5irU32gTwbd9uuUgZVuIdaoEwUP54Jp4bzyBsbsINO0HT55ThBVOx8jH8dlyjU1bm0sOJPX993ttf_8LXFvOuRIqf6tcGxez2wTjQ=\" target=\"_blank\" rel=\"nofollow\">TheParkingREIT.com<\/a>.<\/p>\n<p>Julie Leber<br \/>\nSpotlight Marketing Communications<br \/>\n(949) 427-5172 ext. 703<br \/>\njulie@spotlightmarcom.com<\/p>\n<p><a href=\"http:\/\/globenewswire.com\/news-release\/2015\/12\/30\/798778\/0\/en\/MVP-REIT-II-Inc-Breaks-Escrow.html\" target=\"_blank\">Article Located Here&#8230;<\/a><\/p>\n<div style=\"clear:both;\"><\/div>","protected":false},"excerpt":{"rendered":"<p>December 30, 2015 18:28 ET | Source: MVP REIT II MVP REIT II has met its minimum offering of $2 million in subscriptions SAN DIEGO, Dec. 30, 2015 (GLOBE NEWSWIRE) &hellip; <\/p>\n<p><a href=\"https:\/\/qa.bluevaultpartners.com\/mvp-reit-ii-inc-breaks-escrow\/\" class=\"read-more\">Read more<\/a><\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[3010],"tags":[],"class_list":["post-4241","post","type-post","status-publish","format-standard","hentry","category-asset-manager-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>MVP REIT II, Inc. 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