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Vestin Realty Mortgage I, Inc. and Vestin Realty Mortgage II, Inc. Enter into Definitive Agreement with Bombe Asset Management

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LAS VEGAS, Jan. 14, 2021 /PRNewswire/ Vestin Realty Mortgage I, Inc. (OTC: VRTA) and Vestin Realty Mortgage II, Inc. (OTC: VRTB) announced today that, in combination with Michael V. Shustek and MVP Realty Advisors LLC, they have reached a definitive agreement wherein the collective parties will sell 1,549,324 shares of common stock of The Parking REIT at a price of $11.75 per share to Color Up LLC, a subsidiary of Bombe Asset Management LLC, which is a private equity firm that invests in real estate, transportation, infrastructure assets, and services.
In addition, the Vestin entities will contribute 175,000 common shares of The Parking REIT to settle three pending class action lawsuits brought against The Parking REIT and MVP Realty Advisors will surrender its claim to 400,000 shares of common stock due to it by The Parking REIT. ....

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Vestin Realty Mortgage I, Inc. Announces Results of its 2020 Annual Meeting of Stockholders

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LAS VEGAS, Dec. 21, 2020 /PRNewswire/ Vestin Realty Mortgage I, Inc. (OTC: VRTA) announced today the voting results from its 2020 Annual Meeting of Stockholders, held on December 17 in Baltimore, Maryland. Approximately 63.2 percent of shares were voted, or 592,305 shares of 937,861 total shares outstanding.
Stockholders voted on two proposals, the first to elect Donovan Jacobs to serve as a director on the board of VRTA until the 2023 Annual Meeting of Stockholders, and until his successor is duly elected and qualifies. Daryl C. Idler Jr. continues to serve as an independent director, while Michael Shustek remains the executive officer. In addition, Proposal 2 was the amendment to bylaws to expand the investment policy. ....

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Vestin Realty Mortgage II, Inc. Announces Results of its 2020 Annual Meeting of Stockholders

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LAS VEGAS, Dec. 21, 2020 /PRNewswire/ Vestin Realty Mortgage II, Inc. (OTC: VRTB) announced today the voting results from its 2020 Annual Meeting of Stockholders, held on December 17 in Baltimore, Maryland. Approximately 63.2 percent of shares were voted, or 852 shares of 1,348 total shares outstanding.
Stockholders voted to elect Daryl C. Idler Jr. to serve as a class I director on the board of VRTB until the 2023 Annual Meeting of Stockholders, and until his successor is duly elected and qualifies. Donovan Jacobs continues to serve as an independent director, while Michael Shustek remains the executive officer.
A total of 810 votes were cast in regard to proposal 1 at the annual meeting, representing approximately 60.1 percent of all shares. More than 95 percent voted for Idler, while approximately 5 percent withheld their vote. ....

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Capital Square 1031 : Acquires Record-Breaking Five-Star 55+ Manufactured Housing Community in Coastal Florida

Capital Square 1031 : Acquires Record-Breaking Five-Star 55+ Manufactured Housing Community in Coastal Florida
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Capital Square 1031 Acquires Record-Breaking Five-Star 55+ Manufactured Housing Community in Coastal Florida

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ORLANDO, Fla., Dec. 17, 2020 /PRNewswire/ Capital Square 1031, a leading sponsor of Delaware statutory trust (DST) offerings for 1031 exchange and other accredited investors, announced today the acquisition of The Falls, a 599-homesite manufactured housing community in Ormond Beach, a principal city within the Deltona-Daytona Beach-Ormond Beach Metropolitan Statistical Area. The property, exclusive to those ages 55 and older, was acquired for CS1031 The Falls MHC, DST, a Reg. D private placement. Capital Square has acquired five four-and five-star, age-restricted manufactured housing communities in coastal Florida markets.
This is Capital Square s fifth and largest manufactured housing community ( MHC ) acquisition to date, closing out a record-breaking year despite the COVID pandemic, said Louis Rogers, founder and chief executive officer. Capital Square is bullish on manufactured housing communities in Florida, which are amo ....

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