Vestin Realty Mortgage II, Inc. and Vestin Realty Mortgage I, Inc. agreed to acquire remaining 58% stake in Building C, LLC from MVP REIT, Inc. for $3.8 million on June 16, 2014. Building C, LLC currently has approximately $8.5 million in indebtedness on the property which will remain after the purchase is complete. In a related transaction, Vestin Realty Mortgage II, Inc. and Vestin Realty Mortgage I, Inc. also agreed to acquire Building A, LLC from of MVP REIT, Inc for $6.6 million. The Board of Directors of Vestin Realty Mortgage II, Inc., Vestin Realty Mortgage I, Inc. and MVP REIT, Inc. approved the transaction on June 16, 2014. The transaction is subject to the completion of definitive agreements being executed and is expected to close in July 2014.

Vestin Realty Mortgage II, Inc. and Vestin Realty Mortgage I, Inc. completed the acquisition of remaining 58% stake in Building C, LLC from MVP REIT, Inc. on July 31, 2014. Vestin Realty Mortgage II paid approximately $2 million and Vestin Realty Mortgage I, paid $1.8 million. Vestin Realty Mortgage II, Inc. and Vestin Realty Mortgage I, assumed approximately $8.5 million of debt.