Parking REIT, Inc. | REIT Profile

CIK: 1642985
CIK: 1642985
Exchange: N/A
HQ: Las Vegas, NV, United States
Type of REIT: Equity REIT
Listing Status: Public, Non-Listed
REIT Sector: Specialty

See 1642985 on SEC.gov

The Parking REIT will operate as a publicly registered, non-traded real estate investment trust. Our investment strategy is to invest all net proceeds from our offering in direct investments in real property that meet our investment objectives and strategies, primarily focusing on parking facilities, including lots, garages and other structures located throughout the United States and Canada. The Parking REIT is led by an experienced executive team that has originated and managed commercial real estate lending transactions valued in excess of $2.5 billion. The team has experience in real estate, lending and in the management of public companies. There are more than 253 million privately and commercially owned vehicles registered in the U.S., equal to approximately two vehicles per household.1 As the population and vehicle ownership continue to grow, parking availability has become more difficult to find and, with this increased demand, parking real estate values continue to rise.