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MVP Hires a New President

MVP REIT, Inc., a public non-traded hybrid REIT, announced today that Steven Reed, age 55, has joined the company as president. He will also serve as president of the REIT’s advisor, MVP Realty Advisors LLC and its affiliated broker-dealer, MVP American Securities LLC.

In his new role, Mr. Reed will be responsible for managing the company’s securities operations, marketing, sales, and accounts.

Mr. Reed comes to MVP from ARC Realty Finance Trust, where he was responsible for sales, marketing, and operations as Product Manager. Prior to that, he was divisional vice president at NorthStar Realty Securities for three years, where he was responsible for sales west of the Mississippi. Mr. Reed was a senior regional vice president of Dividend Capital Securities from 2003 to 2010.

“Steve is a very talented and driven professional who I couldn’t be happier to have join our team,” commented Mike Shustek, chairman and chief executive officer of MVP REIT. “He is well-respected among peers in the alternative investment industry and has maintained an excellent track record over the course of his career.”

Mr. Reed earned his bachelor’s degree in aeronautical science from Embry-Riddle Aeronautical University and his master’s in system management from the University of Southern California. In addition, he holds FINRA licenses Series 7, 24, 53, 63 and 65.

MVP REIT is currently conducting its public offering of up to 55,555,556 shares of its common stock. It will invest in income-producing real estate-secured loans and direct investments in real property across the United States.