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Friday, May 21, 2021 11:01:42 PM
1. The building sold for $14.1 Million in 2018 to 1094 Military Trail, LLC. (Link Below)
2. The 1094 Military Trail LLC is affiliated with Summit Corporate Real Estate. (A. Jonh Merola is the common link)
3. Summit Corporate Real Estate has 4 Principals, including A John Merola and SPRV's CEO John Murphy.
4. SPRV merged with 1094 Military Trail, LLC, thus acquiring the building in March for 10 Million Common Shares and 5 Million Preferred Shares.
A John Merola is a Multi-Millionaire and a philanthropist. Summit manages and owns Medical Office Buildings in several states. He is clearly working with John Murphy on merging this real estate into SPRV. The 4 new MOB are likely Summit properties that can be found on the Summit web-site.
https://web.archive.org/web/20200222030244/http://summitcrg.com/medical-property-management/
The 2018 sale of the Jupiter, FL Building is here.
https://www.palmbeachpost.com/news/local/jupiter-medical-office-building-sells-for/2i5frEhfxAKOd8REflG0yJ/
Here is the Palm Beach County Assessors information on the building.
https://www.pbcgov.com/papa/Asps/PropertyDetail/PropertyDetail.aspx?parcel=30424112250000030&srchtype=MASTER&srchVal=1094%20MILITARY%20TRAIL%20LLC
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