Mobile Infrastructure Corporation CFO Resigns from Firm
Mobile Infrastructure Corporation, a publicly registered non-traded real estate investment trust formerly known as The Parking REIT, reported that chief financial officer J. Kevin Bland has resigned.
Mobile Infrastructure Corporation, a publicly registered non-traded real estate investment trust formerly known as The Parking REIT, reported that chief financial officer J. Kevin Bland has resigned, effective December 3, 2021.
Mobile Infrastructure Corporation said that “Bland’s resignation is not the result of any dispute or disagreement with the company, including any matters relating to [its] accounting practices or financial reporting.”
In connection with his resignation, the board appointed Stephanie Hogue, the current president and secretary, to serve as interim CFO.
“On behalf of the Company, we want to thank Kevin for his many contributions to the company and we wish him well in his future endeavors. We asked Kevin to remain on through the transition to provide continuity for the company, which he graciously agreed to do,” said Manuel Chavez, chief executive officer. “I am confident that Stephanie and the remaining finance team will continue to provide the company with the necessary support while continuing to execute on the ongoing evolution and re-establishment of our growth platform as we conduct our search for a new principal financial and/or accounting officer.”
The company is engaging with an executive search firm for a principal financial and/or accounting officer to fill the vacancy.
Mobile Infrastructure Corporation invests primarily in parking lots and garages in the United States and oversees a portfolio of 43 parking facilities located in 17 states.
The Parking REIT, which recently changed its name to Mobile Infrastructure Corporation, was originally formed by the December 2017 merger of non-traded REITs, MVP REIT and MVP REIT II. In August 2021, an affiliate of Bombe Asset Management LLC, a Cincinnati-based alternative asset management firm, purchased a majority stake in the company.
