Vestin Realty Mortgage I Inc fka VRTA

[tymerz]

$VRTA - Annual filing hit 1M Float / 1M O/S / 25M A/S - $14.00 earning per share. vs $1.62 prior year (book value now $26) with $24M in assets. We now have controlling interest in The Parking REIT and MVP REIT. CEO Michael Shustek owns 217,287 of the 1M shares and VRTA 2 owns 134,543 of the 1M shares. The Board of Directors has issued a repurchase plan of up to $5M worth more of common stock at any price depending on market conditions they see fit and are purchased with funds from their available cash ("Board of Directors authorized the repurchase of up to $5 million worth of our common stock. Depending upon market conditions, shares may be repurchased from time to time at prevailing market prices through open market or privately negotiated transactions. We are not obligated to purchase any shares. Subject to applicable securities laws, including SEC Rule 10b18, repurchases may be made at such times and in such amounts, as our management deems appropriate. The repurchases will be funded 15 from our available cash.")

ANNUAL FILING: https://backend.otcmarkets.com/otcapi/company/financial-report/243495/content

The Parking REIT stockholders results: https://www.prnewswire.com/news-releases/the-parking-reit-announces-results-from-2019-annual-meeting-of-stockholders-300862914.html

VRTA 2: As of December 31, 2019, we owned 134 shares of VRM II’s common stock, representing approximately 9.0% of the total outstanding
shares. The closing price of VRM II’s common stock on December 31, 2019, was $1,000 per share.

MVP Realty Advisors
As of December 31, 2019, we owned a 40% interest in MVP Realty Advisors, LLC (“MVP Advisor”), the former advisor of MVP REIT, Inc. and MVP REIT II, Inc. As of December 31, 2019 and 2018 we have made investments of approximately $0.9 and 3.9 million, respectively, to MVP Advisor.

MVP Capital Partners II
As of December 31, 2019, we owned a 40% interest in MVP CP II, the Sponsor of The Parking REIT, Inc. As of December 31, 2019, we have made investments of approximately $4.0 million to MVP CP II.

As of December 31, 2019, we owned 298,835 and 136,835 shares of common stock, respectively, of The Parking REIT. The shares are recorded on our balance sheet valued at $6.3 and $3.5 million, respectively. During the year ended December 31, 2019 we received no shares through TPR’s distribution reinvestment program. In connection with the Internalization, we received additional shares of The Parking REIT’s common stock. During the first quarter 2018 we received 411 shares through TPR’s distribution reinvestment program which resulted in distribution income of approximately $10,000 from DRIP distributions.