MVP REIT 10-K 30 Mar 16 2015 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2015	Mar. 30, 2016	Jun. 30, 2015
Document And Entity Information
Entity Registrant Name	MVP REIT, Inc.
Entity Central Index Key	1,546,609
Document Type	10-K
Document Period End Date	Dec. 31, 2015
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Is Entity a Well-known Seasoned Issuer?	No
Is Entity a Voluntary Filer?	No
Is Entity's Reporting Status Current?	Yes
Entity Filer Category	Non-accelerated Filer
Entity Public Float			$ 62,662,437
Entity Common Stock, Shares Outstanding		11,068,487
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2,015

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Dec. 31, 2015	Dec. 31, 2014
ASSETS
Cash	$ 10,561,000	$ 13,812,000
Cash - restricted	1,133,000	$ 388,000
Accounts receivable	42,000
Prepaid expenses	316,000	$ 246,000
Deferred rental assets	159,000	27,000
Investments in real estate and fixed assets
Land and improvements	44,507,000	15,264,000
Building and improvements	43,010,000	11,259,000
Fixed assets	88,000	88,000
[us-gaap:PropertyPlantAndEquipmentOther]	87,605,000	26,611,000
Accumulated depreciation	(865,000)	(66,000)
Total investments in real estate and fixed assets, net	86,740,000	26,545,000
Capitalized loan fees	534,000	437,000
Deposits	16,010,000	300,000
Other assets	$ 140,000	127,000
Assets held for sale		8,313,000
Total assets	$ 115,585,000	50,195,000
Liabilities
Accounts payable and accrued liabilities	400,000	$ 61,000
Deferred revenue	25,000
Due to related parties	$ 7,000	$ 16,000
Liabilities related to assets held for sale		$ 4,439,000
Security deposits	$ 211,000
Notes payable	28,711,000	$ 13,407,000
Total liabilities	$ 29,354,000	$ 17,923,000
Equity
Preferred stock, $0.001 par value, 1,000,000 shares authorized, none issued and outstanding
Common stock, $0.001 par value, 98,999,000 shares authorized, 11,002,902 and 4,188,956 shares issued and outstanding as of December 31, 2015 and December 31, 2014, respectively	$ 11,000	$ 4,000
Additional paid-in capital	97,277,000	42,114,000
Accumulated deficit	(12,863,000)	(11,565,000)
Total MVP REIT, Inc. Shareholders' Equity	84,425,000	30,553,000
Non-controlling interest - related party	1,806,000	1,719,000
Total equity	86,231,000	32,272,000
Total liabilities and equity	$ 115,585,000	$ 50,195,000
Non Voting Non Participating Convertible Stock Value
Equity
Common stock, $0.001 par value, 98,999,000 shares authorized, 11,002,902 and 4,188,956 shares issued and outstanding as of December 31, 2015 and December 31, 2014, respectively

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Dec. 31, 2015	Dec. 31, 2014
Preferred stock par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	1,000,000	1,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock par value	$ 0.001	$ 0.001
Common stock, shares authorized	98,999,000	98,999,000
Common stock, shares issued	11,002,902	4,188,956
Common stock, shares outstanding	11,002,902
Non Voting Non Participating Convertible Stock Value
Common stock par value	$ 0.001	$ 0.001
Common stock, shares authorized	1,000	1,000
Common stock, shares issued	1,000	1,000
Common stock, shares outstanding	1,000	1,000

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Revenues
Rental revenue	$ 4,650,000	$ 658,000
Total revenues	4,650,000	658,000
Operating expenses
General and administrative	907,000	775,000
Acquisition expenses	678,000	235,000
Acquisition expenses - related party	2,649,000	1,898,000
Operation and maintenance	928,000	422,000
Depreciation and amortization	799,000	44,000
Total operating expenses	5,961,000	3,374,000
Loss from operations	(1,311,000)	(2,716,000)
Other income and expense
Interest expense	$ (1,313,000)	(169,000)
Income from investment in equity method investee		6,000
Total other expense	$ (1,313,000)	(36,000)
Loss from continuing operations	(2,624,000)	(2,752,000)
Discontinued operations, net of income taxes
Gain on sale of investment in real estate held for sale	1,260,000	44,000
Income from assets held for sale	214,000	876,000
Income from discontinued operations	$ 1,474,000	$ 920,000
Provision for income taxes
Net loss	$ (1,150,000)	$ (1,832,000)
Net income attributable to non-controlling interest	148,000	5,000
Net loss attributable to MVP REIT, Inc. common shareholders'	$ (1,298,000)	$ (1,837,000)
Basic loss per weighted average common share
Continued operations	$ (0.35)	$ (0.76)
Discontinued operations	0.17	0.25
Total basic loss per weighted average common share	(0.18)	(0.51)
Distributions declared per common share	$ 0.58	$ 0.56
Weighted average common shares outstanding, basic	7,502,606	3,639,056

Consolidated Statements Of Equi

Consolidated Statements Of Equity - USD ($)	Convertible Stock	Common Stock	Additional Paid-In Capital	Accumulated Deficit	Non-controlling Interest Related Party	Total
Beginning Balance at Dec. 31, 2013		$ 3,000	$ 32,386,000	$ (9,728,000)	$ 1,187,000	$ 23,848,000
Balance (Shares) at Dec. 31, 2013	1,000	2,909,819
Issuance of common stock - purchase		$ 1,000	10,866,000			10,867,000
Issuance of common stock - purchase (Shares)		1,246,458
Issuance of common stock - acquisition			100,000			100,000
Issuance of common stock - acquisition (Shares)		31,893
Distributions - DRIP (Shares)		31,893
Distributions - cash			(1,738,000)			(1,738,000)
Contribution from Advisor related to reduction of due to related parties			595,000			595,000
Non-controlling interest - related party					527,000	527,000
Redeemed shares			(95,000)			(95,000)
Redeemed shares (Shares)		(11,396)
Net income (loss)				(1,837,000)	5,000	(1,832,000)
Balance at Dec. 31, 2014		$ 4,000	42,114,000	(11,565,000)	1,719,000	32,272,000
Balance (Shares) at Dec. 31, 2014	1,000	4,188,956
Issuance of common stock - purchase		$ 7,000	58,463,000			58,470,000
Issuance of common stock - purchase (Shares)		6,697,261
Distributions - DRIP (Shares)		159,385
Distributions - cash			(2,924,000)			(2,924,000)
Distributions to Noncontrolling interest					(61,000)	(61,000)
Redeemed shares			(376,000)			(376,000)
Redeemed shares (Shares)		(42,700)
Net income (loss)				(1,298,000)	148,000	(1,150,000)
Balance at Dec. 31, 2015		$ 11,000	$ 97,277,000	$ (12,863,000)	$ 1,806,000	$ 86,231,000
Balance (Shares) at Dec. 31, 2015	1,000	11,002,902				11,002,902

Consolidated Statements Of Cash

Consolidated Statements Of Cash Flows - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Cash flows from operating activities:
Net loss	$ (1,100,000)	$ (1,832,000)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Depreciation	799,000	44,000
Amortization of loan fees	$ (97,000)	26,000
Acquisition expense - related party		1,336,000
Other loss		(127,000)
Gain on sale of investment in real estate		(44,000)
Income from investment in equity method investee		$ (6,000)
Change in operating assets and liabilities:
Restricted cash	$ (745,000)
Accounts receivable	(42,000)
Prepaid expenses	(70,000)	$ (36,000)
Deferred - rental assets	(132,000)	(27,000)
Other assets	$ (13,000)	(473,000)
Capitalized loan fees		30,000
Contingent liabilities		$ (100,000)
Security deposits	$ 211,000
Deferred revenue	25,000
Due to related parties	(9,000)	$ (1,165,000)
Assets held for sale	(1,574,000)	(342,000)
Accounts payable and accrued liabilities	339,000	(63,000)
Net cash used in operating activities	(2,408,000)	$ (2,779,000)
Cash flows from investing activities:
Proceeds from sale of Red Mountain and Cedar Park	9,746,000
Payment of deposits on future acquisitions	$ (15,710,000)
Proceeds from loan to equity method investee		$ 475,000
Proceeds from loan to cost method investees		132,000
Proceeds received through asset transfer transaction		1,291,000
Proceeds from sale of investment in real estate and fixed assets		10,436,000
Purchase investment in real estate and fixed assets	$ (48,649,000)	(14,958,000)
Acquisition of fixed assets		$ (7,000)
Building improvements	$ (165,000)
Net cash used in investing activities	(54,778,000)	$ (2,631,000)
Cash flows from financing activities:
Proceeds from issuance of common stock	58,470,000	10,867,000
Proceeds from promissory note	3,819,000	$ 9,232,000
Distributions to noncontrolling interest	(61,000)
Payments on notes payable	$ (695,000)	$ (339,000)
Payments on note payable - related party		(900,000)
Capital contribution from noncontrolling interest - related party		3,000,000
Capital contribution from noncontrolling interest		1,800,000
Proceeds from notes payable on assets held for sale		16,968,000
Payments on notes payable on assets held for sale	$ (4,298,000)	(21,118,000)
Redeemed shares	(376,000)	(95,000)
Stockholders' distributions	(2,924,000)	(1,738,000)
Net cash provided by financing activities	53,935,000	17,677,000
Net change in cash	(3,251,000)	12,267,000
Cash, beginning of period	13,812,000	1,545,000
Cash, end of period	10,561,000	13,812,000
Supplemental disclosures of cash flows information:
Interest paid	1,313,000	143,000
Non-cash investing and financing activities:
Distributions - DRIP	$ 1,391,000	278,000
Reduction of debt by Advisor and related party recognized as a contribution		595,000
Contingent acquisition liability assumed in acquisition		$ 100,000

Organization, Proposed Business

Organization, Proposed Business Operations and Capitalization	12 Months Ended
	Dec. 31, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization, Proposed Business Operations and Capitalization	Note A — Organization, Proposed Business Operations and Capitalization Organization and Business MVP REIT, Inc. (the “Company” or “MVP”) was incorporated on April 3, 2012 as a Maryland corporation, and has elected to be taxed, and operates in a manner that will allow the Company to qualify as a real estate investment trust (“REIT”) for U.S. federal income tax purposes beginning with the taxable year ended December 31, 2013. Pursuant to its initial public offering (the “Offering”), which closed in September 2015, the Company received net consideration of approximately $97.3 million for the issuance and sale of its common stock. Of this amount, approximately $19.5 million of shares were issued in consideration of the contribution of commercial properties to the Company. The Company has also registered up to $50 million for the issuance of common stock pursuant to a distribution reinvestment plan (the “DRIP”) under which common stockholders may elect to have their distributions reinvested in additional shares of common stock. The Company operates as a real estate investment trust (“REIT”). The Company is not a mutual fund or an investment company within the meaning of the Investment Company Act of 1940, nor is the Company subject to any regulation thereunder. As a REIT, the Company is required to have a December 31 fiscal year end. Among other requirements, REITs are required to satisfy certain gross income and asset tests, which may affect the composition of assets the Company acquires with the proceeds from its public offering. In addition, REITs are required to distribute to stockholders at least 90% of their annual REIT taxable income (computed without regard to the dividends paid deduction and excluding net capital gain). The Company’s investment strategy was originally to invest available net proceeds from its Offering in direct investments in real property and real estate secured loans that meet the Company’s investment objectives and strategies. In March 2014, the Company’s board of directors approved a plan to increase the focus of the Company’s investment strategy on parking and self-storage facilities located throughout the United States as the Company’s core assets. As part of this strategy, the Company exchanged office properties with affiliated entities to exchange all of its ownership interests in certain non-core assets (consisting of four office buildings) for all of the affiliated entities’ ownership interests in five parking facilities and one self-storage facility. The property exchanges were consummated on April 30, 2014. In June 2014, the Company’s board decided to further focus its efforts primarily on parking facilities. Additionally, during July and August, 2014, the Company sold its membership interest in the two remaining office buildings producing net rental income owned by the Company to Vestin Realty Mortgage I, Inc., a Maryland corporation and OTC Market-listed company (“VRM I”) and Vestin Realty Mortgage II, Inc., a Maryland corporation and Nasdaq-listed company (“VRM II”). The Company may, from time to time, invest in non-core assets, including investments in companies that manage real estate or mortgage investment companies; however, the Company has agreed that no more than 25% of the gross proceeds from the Offering will be used to invest in real properties other than parking facilities. On October 3, 2012, the Company confirmed that its board of directors had approved a plan for payment of initial monthly cash distributions of $0.045 per share. On January 25, 2013, the Company issued a press release announcing that its board of directors had approved an increase in its monthly distribution rate on its common shares to an annualized distribution rate of 6.2 percent, or $0.558 per share annually or $0.0465 monthly, assuming a purchase price of $9.00 per share. The distribution, previously 6 percent, increased beginning with the January 2013 distribution, paid to stockholders of record as of January 24, 2013 on February 10, 2013. On June 4, 2013, the Company issued a press release announcing that its board of directors has approved an increase in its monthly distribution rate on its common shares to an annualized distribution rate of 6.7 percent, assuming a purchase price of $9.00 per share or $0.05025 monthly. The Company anticipates paying future distributions monthly in arrears, with a record date on the 24th of each month and distributions paid on the 10th day of the following month (or the next business day if the 10th is not a business day). From inception through December 31, 2015, the Company has paid approximately $7.0 million in distributions including approximately $1.7 million in DRIP distributions to the Company’s stockholders, all of which have been paid from offering proceeds and constituted a return of capital. The Company may pay distributions from sources other than cash flow from operations, including proceeds from the Offering, the sale of assets, or borrowings. The Company has no limits on the amounts it may pay from such sources. If the Company continues to pay distributions from sources other than cash flow from operations, the funds available to the Company for investments would be reduced and the share value may be diluted. The Company’s sponsor is MVP Capital Partners, LLC (“MVPCP” or the “Sponsor”), an entity owned and managed by Michael V. Shustek, the Company’s Chairman and Chief Executive Officer. The Company’s advisor is MVP Realty Advisors, LLC (the “Advisor”). VRM II owns 60% of the Advisor, and the remaining 40% is owned by VRM I. Michael Shustek owns a significant majority of Vestin Mortgage, LLC, a Nevada limited liability company, which is the manager of VRM I, VRM II and Vestin Fund III (“VF III”). The Advisor is responsible for managing the Company’s affairs on a day-to-day basis and for identifying and making investments on the Company’s behalf pursuant to an advisory agreement between the Company and the Advisor (the “Advisory Agreement”). The Company is the sole member of its operating limited liability company, MVP Real Estate Holdings, LLC, a Nevada limited liability company (“REH”). Substantially all of the Company’s business is conducted through our wholly owned subsidiary REH. The operating agreement provides that REH is operated in a manner that enables the Company to (1) satisfy the requirements for being classified as a REIT for tax purposes, (2) avoid any federal income or excise tax liability, and (3) ensure that REH is not classified as a “publicly traded partnership” for purposes of Section 7704 of the Internal Revenue Code, which classification could result in REH being taxed as a corporation. Capitalization As of December 31, 2015 the Company had 11,002,902 shares of common stock issued and outstanding and 1,000 shares of non-voting, non-participating convertible stock, $0.001 par value, issued and outstanding (the “Convertible Stock”). Upon formation, the Company sold 22,222 shares of common stock to the Sponsor for $200,000. In addition, upon the commencement of our offering, we issued 1,000 shares of the Convertible Stock to our advisor. After giving effect to the release of waivers and waiver agreements executed in August and September of 2014, all of which were previously disclosed in Form 8-Ks and prospectus supplements, the Convertible Stock will convert into shares of our common stock representing 3.50% of the outstanding shares of our common stock immediately preceding the conversion if and when: (a) the Company has made total distributions on the then outstanding common shares equal to the invested capital attributable to those shares plus a 6.00% cumulative, non-compounded, annual pre-tax return on such invested capital; or (b) (i) the Company lists its common shares for trading on a national securities exchange and (ii) (x) the sum of the aggregate market value of the issued and outstanding common shares plus the aggregate amount of all distributions on the Company’s common shares exceeds (y) the sum of the aggregate capital contributed by investors (less any capital returned in the form of distributions) plus an amount equal to a 6% cumulative, pre-tax non-compounded annual return to investors; or (c) the advisory agreement is terminated or not renewed, but only if at the time of such termination or non-renewal, the requirements for conversion set forth in either of the immediately preceding clause (a) or (b) also shall have been satisfied. For purposes of such calculation, the market value of our outstanding common stock will be calculated based on the average market value of the shares of common stock issued and outstanding at listing over the 30 trading days beginning 180 days after the shares are first listed for trading on a national securities exchange. As of December 31, 2015 the Company has received net consideration of approximately $97.3 million for the issuance of its common stock in connection with the offering. Approximately $19.5 million was a non-cash transaction recorded as part of our acquisitions of properties which are no longer part of our portfolio. Pursuant to the DRIP, stockholders may elect to reinvest distributions by purchasing shares of common stock in lieu of receiving distributions. No dealer manager fees or selling commissions are paid with respect to shares purchased pursuant to the DRIP. Participants purchasing shares pursuant to the DRIP have the same rights and are treated in the same manner as if such shares were issued pursuant to the Offering. The board of directors may designate that certain cash or other distributions be excluded from the DRIP. The Company has the right to amend any aspect of the DRIP or terminate the DRIP with ten days’ notice to participants. Shares issued under the DRIP are recorded to equity in the accompanying balance sheets in the period distributions are declared. An investor’s participation in the DRIP will terminate automatically if the Company dishonors, or partially dishonors, any requests by such investor to redeem shares of its common stock in accordance with the Company’s share repurchase program. As of December 31, 2015, 199,895 common shares have been issued under the DRIP. In addition, the Company has a Share Repurchase Program (“SRP”) that may provide stockholders who generally have held their shares for at least one year an opportunity to sell their shares to the Company, subject to certain restrictions and limitations. Prior to the date that the Company establishes an estimated value per share of common stock, the purchase price will be 97.5% of the purchase price paid for the shares, if redeemed at any time between the first and third anniversaries of the purchase date, and 100% of the purchase price paid if redeemed after the third anniversary. After the Company establishes an estimated value per share of common stock, the Company will repurchase shares at 100% of the estimated value per share, as determined by its board of directors and disclosed in the annual report publicly filed with the SEC. The number of shares to be repurchased during a calendar quarter is limited to the lesser of: (i) 2.0% of the number of shares of common stock outstanding on December 31 of the prior calendar year, and (ii) those repurchases that can be funded from the net proceeds of the sale of shares under the DRIP in the prior calendar year. The board of directors may also limit the amounts available for repurchase at any time at its sole discretion. The SRP will terminate if the shares of common stock are listed on a national securities exchange. Effective as of December 14, 2014, the Company has amended the SRP to provide that it will agree to satisfy all repurchase requests made in connection with the death or disability (as defined in the Code) of a stockholder in accordance with the terms of the SRP within 15 days following the Company’s receipt of such repurchase request or as soon as practicable thereafter. Redemption requests other than those made in connection with the death or disability (as defined in the Code) of a stockholder will continue to be repurchased as of March 31, June 30, September 30 and December 31 of each year in accordance with the terms of the SRP. As of December 31, 2015, 53,310 shares had been redeemed. As of the date of this filing, the Company has received additional requests for repurchase of 16,469 shares which exceed the amount allowable for 2015 repurchase by $147,144. April 2016 will be the next date shares are available for repurchase.

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2015
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Note B — Summary of Significant Accounting Policies Basis of Accounting The consolidated financial statements of the Company are prepared on the accrual basis of accounting in accordance with accounting principles generally accepted in the United States of America (“GAAP”). In the opinion of management, all normal recurring adjustments considered necessary to give a fair presentation of operating results for the periods presented have been included. Consolidation The Company’s consolidated financial statements include its accounts and the accounts of its subsidiaries, REH and all of the subsidiaries of REH: MVP MS Cedar Park 2012, LLC; MVP PF Ft. Lauderdale, LLC; MVP PF Memphis Court, LLC; MVP PF Memphis Poplar, LLC; MVP PF St. Louis, LLC; MVP PF Kansas City, LLC; MVP MS Red Mountain 2013, LLC; Mabley Place Garage; LLC, MVP Denver Sherman; LLC, MVP Fort Worth Taylor, LLC; MVP Milwaukee Old World, LLC; MVP St. Louis Convention Plaza, LLC; MVP Houston Saks Garage, LLC; MVP St. Louis Lucas, LLC, MVP Milwaukee Wells, LLC, MVP Wildwood NJ Lot, LLC, MVP Indianapolis City Park Garage, LLC, MVP KC Cherry Lot, LLC and MVP Indianapolis Washington Street Lot, LLC, as well as the Company’s assets that were sold during 2015. All intercompany profits and losses, balances and transactions are eliminated in consolidation. Under accounting principles generally accepted in the United States of America (“GAAP”), the Company’s consolidated financial statements will also include the accounts of its consolidated subsidiaries and joint ventures in which the Company is the primary beneficiary, or in which the Company has a controlling interest. In determining whether the Company has a controlling interest in a joint venture and the requirement to consolidate the accounts of that entity, the Company’s management considers factors such as an entity’s purpose and design and the Company’s ability to direct the activities of the entity that most significantly impacts the entity’s economic performance, ownership interest, board representation, management representation, authority to make decisions, and contractual and substantive participating rights of the partners/members as well as whether the entity is a variable interest entity in which it will absorb the majority of the entity’s expected losses, if they occur, or receive the majority of the expected residual returns, if they occur, or both. Equity investments in which the Company exercises significant influence but does not control and is not the primary beneficiary are accounted for using the equity method. The Company's share of its equity method investees' earnings or losses is included in other income in the accompanying Consolidated Statements of Operations. Investments in which the Company is not able to exercise significant influence over the investee are accounted for under the cost method. Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Management makes significant estimates regarding revenue recognition, purchase price allocations to record investments in real estate, and derivative financial instruments and hedging activities, as applicable. Concentration The company has approximately six tenants. One tenant, Standard Parking + (“SP+”), consists of more than 10% of the Company’s rental revenue. This tenant represents a concentration for the years ended December 31, 2015 and 2014. Acquisitions The Company records the acquired tangible and intangible assets and assumed liabilities of acquisitions of all operating properties and those development and redevelopment opportunities that meet the accounting criteria to be accounted for as business combinations at fair value at the acquisition date. The Company assesses and considers fair value based on estimated cash flow projections that utilize available market information and discount and/or capitalization rates that the Company deems appropriate. Estimates of future cash flows are based on a number of factors including historical operating results, known and anticipated trends, and market and economic conditions. The acquired assets and assumed liabilities for an operating property acquisition generally include but are not limited to: land, buildings and improvements, construction in progress and identified tangible and intangible assets and liabilities associated with in-place leases, including tenant improvements, leasing costs, value of above-market and below-market operating leases and ground leases, acquired in-place lease values and tenant relationships, if any. The fair value of land is derived from comparable sales of land within the same submarket and/or region. The fair value of buildings and improvements, tenant improvements, and leasing costs are based upon current market replacement costs and other relevant market rate information. The fair value of the above-market or below-market component of an acquired in-place operating lease is based upon the present value (calculated using a market discount rate) of the difference between (i) the contractual rents to be paid pursuant to the lease over its remaining non-cancellable lease term and (ii) management's estimate of the rents that would be paid using fair market rental rates and rent escalations at the date of acquisition measured over the remaining non-cancellable term of the lease for above-market operating leases and the initial non-cancellable term plus the term of any below-market fixed rate renewal options, if applicable, for below-market operating leases. The amounts recorded for above-market operating leases are included in deferred leasing costs and acquisition-related intangibles, net on the balance sheet and are amortized on a straight-line basis as a reduction of rental income over the remaining term of the applicable leases. The amounts recorded for below-market operating leases are included in deferred revenue and acquisition-related liabilities, net on the balance sheet and are amortized on a straight-line basis as an increase to rental income over the remaining term of the applicable leases plus the term of any below-market fixed rate renewal options, if applicable. Our below-market operating leases generally do not include fixed rate or below-market renewal options. The fair value of acquired in-place leases is derived based on management's assessment of lost revenue and costs incurred for the period required to lease the “assumed vacant” property to the occupancy level when purchased. This fair value is based on a variety of considerations including, but not necessarily limited to: (1) the value associated with avoiding the cost of originating the acquired in-place leases; (2) the value associated with lost revenue related to tenant reimbursable operating costs estimated to be incurred during the assumed lease-up period; and (3) the value associated with lost rental revenue from existing leases during the assumed lease-up period. Factors considered by us in performing these analyses include an estimate of the carrying costs during the expected lease-up periods, current market conditions, and costs to execute similar leases. In estimating carrying costs, the Company includes real estate taxes, insurance and other operating expenses, and estimates of lost rental revenue during the expected lease-up periods based on current market demand at market rates. In estimating costs to execute similar leases, the Company considers leasing commissions, legal and other related expenses. The amount recorded for acquired in-place leases is included in deferred leasing costs and acquisition-related intangibles, net on the balance sheet and amortized as an increase to depreciation and amortization expense over the remaining term of the applicable leases. If a lease were to be terminated or if termination were determined to be likely prior to its contractual expiration (for example resulting from bankruptcy), amortization of the related unamortized in-place lease intangible would be accelerated. The determination of the fair value of any debt assumed in connection with a property acquisition is estimated by discounting the future cash flows using interest rates available for the issuance of debt with similar terms and remaining maturities. The determination of the fair value of the acquired tangible and intangible assets and assumed liabilities of operating property acquisitions requires us to make significant judgments and assumptions about the numerous inputs discussed above. The use of different assumptions in these fair value calculations could significantly affect the reported amounts of the allocation of our acquisition related assets and liabilities and the related amortization and depreciation expense recorded for such assets and liabilities. In addition, because the value of above and below market leases are amortized as either a reduction or increase to rental income, respectively, our judgments for these intangibles could have a significant impact on our reported rental revenues and results of operations. Costs directly associated with all operating property acquisitions and those development and redevelopment acquisitions that meet the accounting criteria to be accounted for as business combinations are expensed as incurred. During the year ended December 31, 2015, the Company expensed approximately $2,649,000 of related party and $678,000 non-related party acquisition costs. Our acquisition expenses are directly related to our acquisition activity and if our acquisition activity was to increase or decrease, so would our acquisition costs. Costs directly associated with development acquisitions accounted for as asset acquisitions are capitalized as part of the cost of the acquisition. During the year ended December 31, 2015, the Company did not capitalize any such acquisition costs. Impairment of Long Lived Assets When circumstances indicate the carrying value of a property may not be recoverable, the Company reviews the asset for impairment. This review is based on an estimate of the future undiscounted cash flows, excluding interest charges, expected to result from the property’s use and eventual disposition. These estimates consider factors such as expected future operating income, market and other applicable trends and residual value, as well as the effects of leasing demand, competition and other factors. If impairment exists, due to the inability to recover the carrying value of a property, an impairment loss is recorded to the extent that the carrying value exceeds the estimated fair value of the property for properties to be held and used. For properties held for sale, the impairment loss is the adjustment to fair value less estimated cost to dispose of the asset. These assessments have a direct impact on net income because recording an impairment loss results in an immediate negative adjustment to net income. Derivative Instruments The Company may use derivative financial instruments to hedge all or a portion of the interest rate risk associated with its borrowings. Certain techniques used to hedge exposure to interest rate fluctuations may also be used to protect against declines in the market value of assets that result from general trends in debt markets. The principal objective of such agreements is to minimize the risks and/or costs associated with the Company’s operating and financial structure as well as to hedge specific anticipated transactions. The Company records all derivatives on the balance sheet at fair value. The accounting for changes in the fair value of derivatives depends on the intended use of the derivative, whether the Company has elected to designate a derivative in a hedging relationship and apply hedge accounting and whether the hedging relationship has satisfied the criteria necessary to apply hedge accounting. Derivatives designated and qualifying as a hedge of the exposure to changes in the fair value of an asset, liability, or firm commitment attributable to a particular risk, such as interest rate risk, are considered fair value hedges. Derivatives designated and qualifying as a hedge of the exposure to variability in expected future cash flows, or other types of forecasted transactions, are considered cash flow hedges. Derivatives may also be designated as hedges of the foreign currency exposure of a net investment in a foreign operation. Hedge accounting generally provides for the matching of the timing of gain or loss recognition on the hedging instrument with the recognition of the changes in the fair value of the hedged asset or liability that are attributable to the hedged risk in a fair value hedge or the earnings effect of the hedged forecasted transactions in a cash flow hedge. The Company may enter into derivative contracts that are intended to economically hedge certain of its risk, even though hedge accounting does not apply or the Company elects not to apply hedge accounting. The accounting for subsequent changes in the fair value of these derivatives depends on whether each has been designed and qualifies for hedge accounting treatment. If the Company elects not to apply hedge accounting treatment, any changes in the fair value of these derivative instruments is recognized immediately in gains (losses) on derivative instruments in the consolidated statement of operations. If the derivative is designated and qualifies for hedge accounting treatment, the change in the estimated fair value of the derivative is recorded in other comprehensive income (loss) to the extent that it is effective. Any ineffective portion of a derivative’s change in fair value will be immediately recognized in earnings. Cash The Company maintains the majority of its cash balances in a national financial institution located in Las Vegas, Nevada. The balances are insured by the Federal Deposit Insurance Corporation under the same ownership category up to at least $250,000. As of December 31, 2015 and 2014, the Company had approximately $9.1 million and approximately $13.3 million in excess of the federally-insured limits, respectively. Restricted Cash Restricted cash primarily consists of escrowed tenant improvement funds, real estate taxes, capital improvement funds, insurance premiums, and other amounts required to be escrowed pursuant to loan agreements. Revenue Recognition The Company’s revenues, which will be derived primarily from rental income, include rents that each tenant pays in accordance with the terms of each lease reported on a straight-line basis over the initial term of the lease. Since some of the Company’s leases will provide for rental increases at specified intervals, straight-line basis accounting requires the Company to record a receivable, and include in revenues, unbilled rent receivables that the Company will only receive if the tenant makes all rent payments required through the expiration of the initial term of the lease. The Company may recognize interest income from loans on an accrual basis over the expected terms of the loans using the effective interest method. The Company may recognize fees, discounts, premiums, anticipated exit fees and direct cost over the terms of the loans as an adjustment to the yield. The Company may recognize fees on commitments that expire unused at expiration. The Company may recognize interest income from available-for-sale securities on an accrual basis over the life of the investment on a yield-to-maturity basis. The Company will continually review receivables related to rent and unbilled rent receivables and determine collectability by taking into consideration the tenant’s payment history, the financial condition of the tenant, business conditions in the industry in which the tenant operates and economic conditions in the area in which the property is located. In the event that the collectability of a receivable is in doubt, the Company will record an increase in the Company’s allowance for uncollectible accounts or record a direct write-off of the receivable in the Company’s consolidated statements of operations. Advertising Costs Advertising costs incurred in the normal course of operations are expensed as incurred. During the years ended December 31, 2015 and 2014, the Company had no advertising costs. Investments in Real Estate and Fixed Assets Investments in real estate and fixed assets are stated at cost less accumulated depreciation. Depreciation is provided principally on the straight-line method over the estimated useful lives of the assets, which are primarily 3 to 40 years. The cost of repairs and maintenance is charged to expense as incurred. Expenditures for property betterments and renewals are capitalized. Upon sale or other disposition of a depreciable asset, cost and accumulated depreciation are removed from the accounts and any gain or loss is reflected in other income (expense). The Company periodically evaluates whether events and circumstances have occurred that may warrant revision of the estimated useful lives of fixed assets or whether the remaining balance of fixed assets should be evaluated for possible impairment. The Company uses an estimate of the related undiscounted cash flows over the remaining life of the fixed assets in measuring their recoverability. Investments in Real Estate Loans Subject to the restrictions on related-party transactions set forth in the Company’s charter, the Company may, from time to time, acquire or sell investments in real estate loans from or to the advisor or other related parties without a premium. The primary purpose is to either free up capital to provide liquidity for various reasons, such as loan diversification, or place excess capital in investments to maximize the use of our capital. Selling or buying loans allows us to diversify our loan portfolio within these parameters. Due to the short-term nature of the loans the Company makes and the similarity of interest rates in loans the Company normally would invest in, the fair value of a loan typically approximates its carrying value. Accordingly, discounts or premiums typically do not apply upon sales of loans and therefore, generally no gain or loss is recorded on these transactions, regardless of whether to a related or unrelated party. Investments in real estate loans are secured by deeds of trust or mortgages. Generally, our real estate loans require interest only payments with a balloon payment of the principal at maturity. The Company has both the intent and ability to hold real estate loans until maturity and therefore, real estate loans are classified and accounted for as held for investment and are carried at amortized cost. Loans sold to or purchased from affiliates are accounted for at the principal balance and no gain or loss is recognized by us or any affiliate. Loan-to-value ratios are initially based on appraisals obtained at the time of loan origination and are updated, when new appraisals are received or when management’s assessment of the value has changed, to reflect subsequent changes in value estimates. Such appraisals are generally dated within 12 months of the date of loan origination and may be commissioned by the borrower. The Company considers a loan to be impaired when, based upon current information and events, it believes it is probable that the Company will be unable to collect all amounts due according to the contractual terms of the loan agreement. The Company’s impaired loans include troubled debt restructuring, and performing and non-performing loans in which full payment of principal or interest is not expected. The Company calculates an allowance required for impaired loans based on the present value of expected future cash flows discounted at the loan’s effective interest rate, or at the loan’s observable market price or the fair value of its collateral. Loans that have been modified from their original terms are evaluated to determine if the loan meets the definition of a Troubled Debt Restructuring (“TDR”) as defined by ASC 310-40. When the Company modifies the terms of an existing loan that is considered a TDR, it is considered performing as long as it is in compliance with the modified terms of the loan agreement. If the modification calls for deferred interest, it is recorded as interest income as cash is collected. Allowance for Loan Losses The Company maintains an allowance for loan losses to the extent it makes investments in real estate loans for estimated credit impairment. The Company’s estimate of losses is based on a number of factors including the types and dollar amounts of loans in the portfolio, adverse situations that may affect the borrower’s ability to repay, prevailing economic conditions and the underlying collateral securing the loan. Additions to the allowance are provided through a charge to earnings and are based on an assessment of certain factors, which may indicate estimated losses on the loans. Actual losses on loans are recorded first as a reduction to the allowance for loan losses. Generally, subsequent recoveries of amounts previously charged off are recognized as income. Estimating allowances for loan losses requires significant judgment about the underlying collateral, including liquidation value, condition of the collateral, competency and cooperation of the related borrower and specific legal issues that affect loan collections or taking possession of the property. As a commercial real estate lender willing to invest in loans to borrowers who may not meet the credit standards of other financial institutional lenders, the default rate on our loans could be higher than those generally experienced in the real estate lending industry. The Company and the Advisor generally approve loans more quickly than other real estate lenders and, due to our expedited underwriting process; there is a risk that the credit inquiry performed will not reveal all material facts pertaining to a borrower and the security. Additional facts and circumstances may be discovered as the Company continues efforts in the collection and foreclosure processes. This additional information often causes management to reassess its estimates. Circumstances that may cause significant changes in our estimated allowance include, but are not limited to: · Declines in real estate market conditions, which can cause a decrease in expected market value; · Discovery of undisclosed liens for community improvement bonds, easements and delinquent property taxes; · Lack of progress on real estate developments after the Company advances funds. The Company customarily utilizes disbursement agents to monitor the progress of real estate developments and approve loan advances. After further inspection of the related property, progress on construction occasionally does not substantiate an increase in value to support the related loan advances; · Unanticipated legal or business issues that may arise subsequent to loan origination or upon the sale of foreclosed property; and · Appraisals, which are only opinions of value at the time of the appraisal, may not accurately reflect the value of the property. Organization, Offering and Related Costs Certain organization, offering and related costs, including legal, accounting, printing, marketing expenses and the salaries and direct expenses of the employees of the Advisor and its affiliates, will be incurred by the Advisor on behalf of the Company. After the Company has reimbursed $100,000 of such costs, which has been paid to the Advisor, no additional reimbursements will be made unless the aggregate amount of such reimbursements does not exceed 0.75% of the gross offering proceeds as of the date of reimbursement. Prior to the commencement of our operations, such offering costs had been deferred and such deferred offering costs have been amortized to expense as offering costs over the 12 month period commencing January 1, 2013 through December 31, 2013, on a straight-line basis. Stock-Based Compensation The Company has a stock-based incentive award plan, which is accounted for under the guidance for share based payments. The expense for such awards will be included in general and administrative expenses and is recognized over the vesting period or when the requirements for exercise of the award have been met (See Note G — Stock-Based Compensation). Income Taxes The Company has elected, and operates in a manner that will allow the Company, to qualify to be taxed as a REIT under Sections 856 through 860 of the Internal Revenue Code of 1986, as amended, commencing with the taxable year ended December 31, 2013. If the Company qualifies for taxation as a REIT, it generally will not be subject to federal corporate income tax to the extent it distributes all of its REIT taxable income to its stockholders, and so long as it distributes at least 90% of its REIT taxable income. REITs are subject to a number of other organizational and operational requirements. Even if the Company qualifies to be taxed as a REIT, it may be subject to certain state and local taxes on its income and property, and federal income and excise taxes on its undistributed income. Per Share Data The Company calculates basic earnings per share by dividing net income for the period by weighted-average shares of its common stock outstanding for a respective period. Diluted earnings per share takes into account the effect of dilutive instruments, such as stock options and convertible stock, but uses the average share price for the period in determining the number of incremental shares that are to be added to the weighted-average number of shares outstanding. The Company had no outstanding common share equivalents during the year ended December 31, 2015. In September 2012, upon the commencement of our offering, we issued 1,000 shares of convertible stock to our advisor. After giving effect to the release of waivers and waiver agreements executed in August and September of 2014, all of which were previously disclosed in Form 8-Ks and prospectus supplements, the convertible stock will convert into shares of our common stock representing 3.50% of the outstanding shares of our common stock immediately preceding the conversion if and when: (a) the Company has made total distributions on the then outstanding common shares equal to the invested capital attributable to those shares plus a 6.00% cumulative, non-compounded, annual pre-tax return on such invested capital; or (b) (i) the Company lists its common shares for trading on a national securities exchange and (ii) (x) the sum of the aggregate market value of the issued and outstanding common shares plus the aggregate amount of all distributions on the Company’s common shares exceeds (y) the sum of the aggregate capital contributed by investors (less any capital returned in the form of distributions) plus an amount equal to a 6% cumulative, pre-tax non-compounded annual return to investors; or (c) the advisory agreement is terminated or not renewed, but only if at the time of such termination or non-renewal, the requirements for conversion set forth in either of the immediately preceding clause (a) or (b) also shall have been satisfied. For purposes of such calculation, the market value of our outstanding common stock will be calculated based on the average market value of the shares of common stock issued and outstanding at listing over the 30 trading days beginning 180 days after the shares are first listed for trading on a national securities exchange. Reportable Segments The Company is currently authorized to operate two reportable segments, investments in real estate loans and investments in real property. As of December 31, 2015, the Company only operates in the investment in real property segment. Reclassifications Amounts listed in connection with assets held for sale (including liabilities related to assets held for sale), restricted cash and deposits in the 2014 consolidated financial statements have been reclassified to conform to the December 31, 2015 presentation. Accounting and Auditing Standards Applicable to “Emerging Growth Companies” The Company is an “emerging growth company” under the recently enacted JOBS Act. For as long as the Company remains an “emerging growth company,” which may be up to five fiscal years, the Company is not required to (1) comply with any new or revised financial accounting standards that have different effective dates for public and private companies until those standards would otherwise apply to private companies, (2) provide an auditor’s attestation report on management’s assessment of the effectiveness of internal control over financial reporting pursuant to Section 404 of the Sarbanes-Oxley Act, (3) comply with any new requirements adopted by the Public Company Accounting Oversight Board, or the PCAOB, requiring mandatory audit firm rotation or a supplement to the auditor’s report in which the auditor would be required to provide additional information about the audit and the financial statements of the issuer or (4) comply with any new audit rules adopted by the PCAOB after April 5, 2012, unless the SEC determines otherwise. The Company intends to take advantage of such extended transition period. Since the Company will not be required to comply with new or revised accounting standards on the relevant dates on which adoption of such standards is required for other public companies, the Company’s financial statements may not be comparable to the financial statements of companies that comply with public company effective dates. If the Company were to subsequently elect to instead comply with these public company effective dates, such election would be irrevocable pursuant to Section 107 of the JOBS Act. Non-controlling Interests The FASB issued authoritative guidance for non-controlling interests in December 2007, which establishes accounting and reporting standards for the non-controlling interest in a subsidiary and for the deconsolidation of a subsidiary. The guidance clarifies that a non-controlling interest in a subsidiary, which is sometimes referred to as an unconsolidated investment, is an ownership interest in the consolidated entity that should be reported as a component of equity in the consolidated financial statements. Among other requirements, the guidance requires consolidated net income to be reported at amounts attributable to both the parent and the non-controlling interest. It also requires disclosure, on the face of the consolidated income statement, of the amounts of consolidated net income attributable to the parent and to the non-controlling interest.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2015
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Note C — Commitments and Contingencies Litigation In the ordinary course of business, the Company may become subject to litigation or claims. There are no material legal proceedings pending or known to be contemplated against the Company. Environmental Matters In connection with the ownership and operation of real estate, the Company may potentially be liable for costs and damages related to environmental matters. During the Company’s due diligence of a property located in Milwaukee it was discovered that the soil and ground water at the subject property had been impacted by the site’s historical use as a printing press as well as neighboring property uses. As a result, the company has retained a local environmental engineer to seek a closure letter or similar certificate of no further action from the State of Wisconsin due to the Company’s use of the property as a parking lot. As of December 31, 2015 management does not anticipate a material adverse effect related to this environmental matter. Please see Note I Acquisitions

Investments in Real Estate

Investments in Real Estate	12 Months Ended
	Dec. 31, 2015
Banking and Thrift [Abstract]
Investments in Real Estate	Note D – Investments in Real Estate As of December 31, 2015, the company has the following Investments in Real Estate: Property Location Date Acquired Property Type Investment Amount Size / Acreage # Spaces / Units Retail /Office Square Ft. % of Portfolio ** Ft. Lauderdale 208 SE 6th St, Ft Lauderdale, FL 7/31/2013 Parking Lot / Office Bldg. $3,409,000 .75 acre 66 4,061 4.94% Memphis Court 216 Court St, Memphis, TN 8/28/2013 Parking Lot $194,000 .41 acre 37 N/A 0.28% Memphis Poplar 212 Poplar Ave, Memphis, TN 8/28/2013 Parking Lot $2,693,000 .86 acre 125 N/A 3.87% Kansas City 1130 Holmes St, Kansas City, MO 8/28/2013 Parking Lot $1,550,000 1.18 acres 164 N/A 2.25% St. Louis 1300 Spruce St, St. Louis, MO 9/4/2013 Parking Lot $4,136,000 1.22 acres 179 N/A 2.33% Mabley Place * 400 Race Street, Cincinnati, OH 12/9/2014 Parking Facility $14,700,000 .91 acre 775 8,400 21.81% Denver Sherman 1963 Sherman Street, Denver, CO 1/26/2015 Parking Lot $585,000 .14 acre 28 N/A 0.85% Ft. Worth 814 Taylor Street, Fort Worth, Texas 3/16/2015 Parking Facility $23,336,000 1.18 acres 1,013 11,828 34.17% Milwaukee Old World 822 N. Old World Third Street, Milwaukee, WI 3/31/2015 Parking Lot $1,000,000 .27 acre 54 N/A 1.45% St. Louis Convention 1010 Convention Plaza , St. Louis, MO 5/31/2015 Parking Lot $2,575,000 1.26 acres 221 N/A 3.74% Houston Saks Garage 611 Fannin Street, Houston, Tx 5/28/2015 Parking Facility $8,375,000 .36 acre 265 5,000 12.18% St. Louis Lucas Lucas Ave, St. Louis, MO 6/29/2015 Parking Lot $3,463,000 1.07 acres 217 N/A 5.04% Milwaukee Wells 215 W. Wells Street, Milwaukee, WI 6/30/2015 Parking Lot $3,900,000 .95 acre 100 N/A 5.67% Wildwood NJ Lot I 400 East Magnolia Ave, Wildwood, NJ 7/10/2015 Parking Lot $970,000 .29 acre 29 N/A 1.41% Indy City Parking Garage 120 E. Washington Street, Indianapolis, IN 10/5/15 Parking Facility $10,500,000 .44 acre 370 N/A 9.62% KC Cherry Lot 1109 Cherry Street, Kansas City, MO 10/9/15 Parking Lot $515,000 .60 acre 84 N/A 0.47% Indy WA Street 301 E. Washington Street, Indianapolis, IN 10/29/15 Parking Lot $4,995,000 1.07 acres 150 N/A 4.57% Wildwood NJ Lot II 401 E. Glenwood Ave., Wildwood, NJ 12/16/15 Parking Lot $615,000 .31 acre 450 N/A 0.56% *MVP REIT owns 70%, MVP REIT Owns 100% in all other properties. ** Based on investment amount. Property Location Zoning Height Restriction Parking Tenant Lease Commencement Date Lease Term Ft. Lauderdale 208 SE 6th St, Ft Lauderdale, FL RAC-CC 150 Feet SP+ 02/01/14 5 yr. w/2 5 yr. ext. Memphis Court 216 Court St, Memphis, TN CBD Unlimited SP+ 03/14/12 2 Years remaining Memphis Poplar 212 Poplar Ave, Memphis, TN CBD Unlimited Best Park 03/01/14 5 yr. w/2 5 yr. ext. Kansas City 1130 Holmes St, Kansas City, MO B4-5 Unlimited SP+ 03/14/12 15 Years St. Louis 1300 Spruce St, St. Louis, MO I (CBD) 200 Feet SP+ 12/01/13 5 yr. w/2 5 yr. ext. Mabley Place 400 Race Street, Cincinnati, OH DD-A 510 Feet SP+ 12/09/14 10 Years Denver Sherman 1963 Sherman Street, Denver, CO CMX-16 200 Feet Denver SD 07/01/14 10 Years w/1 5 yr. ext. Ft. Worth 814 Taylor Street, Fort Worth, Texas CBD-H Unlimited SP+ 03/16/15 10 Years Milwaukee Old World 822 N. Old World Third Street, Milwaukee, WI C9-E 40 Feet SP+ 03/31/15 5 yr. w/1 5 yr. ext. St. Louis Convention 1010 Convention Plaza, St. Louis, MO I (CBD) 200 Feet SP+ 05/13/15 5 yr. w/1 5 yr. ext. Houston Saks Garage 611 Fannin Street, Houston, Tx N/A Unlimited iPark 05/28/15 10 yr. w/1 5 yr. ext. St. Louis Lucas Lucas Ave, St. Louis, MO I (CBD) 200 Feet SP+ 06/29/15 5 yr. w/1 5 yr. ext. Milwaukee Wells 215 W. Wells Street, Milwaukee, WI C9-E 40 Feet SP+ 06/30/15 10 Years Wildwood NJ Lot* 400 East Magnolia Ave, Wildwood, NJ T/E 35 feet SP+ 1/1/16 5 yr. w/1 5 yr. ext. Indy City Parking Garage 120 E. Washington Street, Indianapolis, IN CDB-1 RC 5 Stories ABM 10/5/15 5 yr. w/1 5 yr. ext. KC Cherry Lot 1109 Cherry Street, Kansas City, MO UR Per Plan SP+ 10/9/15 5 yr. w/1 5 yr. ext. Indy WA Street 301 E. Washington Street, Indianapolis, IN CBD-2 Unlimited Denison 10/30/15 10 Years Wildwood NJ Lot II 401 E. Glenwood Ave., Wildwood, NJ T/E 35 feet SP+ 1/1/16 5 yr. w/1 5 yr. ext. *Operated pursuant to management agreement with SP+

Related Party Transactions and

Related Party Transactions and Arrangements	12 Months Ended
	Dec. 31, 2015
Related Party Transactions [Abstract]
Related Party Transactions and Arrangements	Note E — Related Party Transactions and Arrangements The transactions described in this Note were approved by a majority of the Company’s board of directors (including a majority of the independent directors) not otherwise interested in such transaction as fair and reasonable to the Company and on terms and conditions no less favorable to the Company than those available from unaffiliated third parties. Accounting services The Company has an accounting services agreement with Strategix Solutions, LLC (“Strategix Solutions”), a Nevada limited liability company owned by Ms. Gress, the Company’s CFO, for the provision of accounting and financial reporting services. Strategix Solutions also provides accounting and financial reporting services to VRM I, VRM II and Fund III. Our CFO and other members of our accounting staff are employees of Strategix Solutions. As used herein, “management” means our manager, its executive officers and the individuals at Strategix Solutions who perform accounting and financial reporting services on our behalf. During the year ended December 31, 2015 and 2014, Strategix Solutions received fees of approximately $140,000 and $13,000, respectively. Commissions Paid During the year ended December 30, 2015, JNL Parking, a brokerage and consulting company specializing in the parking industry and co-founded by the Company’s Chief Investment Officer and Chief Technology Officer, earned fees of approximately $0.6 million, for 1% commission on purchases. Ownership of Company Stock As of December 31, 2015, the Sponsor owned 22,222 shares of the Company’s outstanding common stock, VRM I owned 71,112 shares of the Company’s outstanding common stock, VF III owned 34,297 shares of the Company’s outstanding common stock, JNL Parking owned 40,857 shares of the Company’s outstanding common stock and the Advisor owned 1,000 shares of the Convertible Stock. See “Capitalization” under Note A Organization, Proposed Business Operations and Capitalization” Ownership of Interests of Advisor During April 2012, VRM II contributed $1,000 for a 40% interest in the Advisor. Mr. Shustek, through a wholly owned company named MVP Capital Partners, LLC (the “Sponsor”) contributed $1,500 for a 60% interest in the Advisor. As of June 30, 2013, VRM II and the Sponsor had loaned approximately $3.6 million and approximately $1.2 million, respectively, to the Advisor for purposes of funding the Company’s operations. On June 30, 2013, the Sponsor decided to forgive the full amount of its $1.2 million loan. VRM II has not forgiven the balance due from the Advisor. However the decision by the Sponsor to forgive the full amount of its loans created uncertainty as to when VRM II will be repaid the amounts loaned to the Advisor. Based on this uncertainty, VRM II determined to treat as fully impaired the balance of this note receivable. In December 2013, VRM II and the Sponsor entered into a membership interest transfer agreement, dated as of December 19, 2013, pursuant to which VRM II has acquired from the Seller an additional 20% of the membership interests of the Advisor. Concurrently therewith, the Sponsor and VRM I entered into a separate membership interest transfer agreement pursuant to which VRM I acquired the remaining 40% interest in the Advisor from the Sponsor. As a result, VRM II and VRM I now own 60% and 40%, respectively, of the aggregate membership interests of the Advisor. As of December 31, 2015, VRM I and VRM II had notes receivable from the Advisor of approximately $4.2 million and $12.9 million, respectively, which amount has been fully impaired. The Advisor’s ability to repay the sums due VRM I and VRM II will likely depend upon the success of the Company’s ability to successfully deploy the offering proceeds. Pursuant to the transfer agreements entered into in December 2013, neither VRM I nor VRM II paid any up-front consideration for the acquired interests, but each will be responsible for its proportionate share of future expenses of the Advisor. In recognition of the Sponsor’s substantial investment in the Advisor for which the Sponsor received no up-front consideration, the transfer agreements and the amended operating agreement of the Advisor further provide that once VRM I and VRM II have been repaid in full for any capital contributions to the Advisor or for any expenses advanced on the Advisor’s behalf (“Capital Investment”), and once they have received an annualized return on their Capital Investment of 7.5%, then the Sponsor will receive one-third of the net profits of the Advisor. Fees and Expenses Paid in Connection with the Offering Broker Dealers received 3.00% of the gross offering proceeds sold in the offering, subject to reductions based on volume and for certain categories of purchasers. No selling commissions are payable on shares sold under the distribution reinvestment plan. Additionally, the Sponsor or its affiliates (other than MVP REIT, Inc.) pay up to an additional 5.25% of the gross offering proceeds for third party broker dealer commissions and due diligence expenses. On July 16, 2012 the Company signed a selling agreement which appointed MVP American Securities (“MVP AS”), formerly known as Ashton Garnett Securities, LLC, an entity indirectly owned by our CEO, to act as one of the selling agents for the Offering. For the years ended December 31, 2015 and 2014 the Company paid no selling commissions to MVP AS. Certain organizational, offering and related costs will be incurred by the Advisor on behalf of the Company. After the Company has reimbursed $100,000 of such costs, which amount has been paid to the Advisor, no additional reimbursements will be made unless the aggregate amount of such reimbursements does not exceed 0.75% of the gross offering proceeds as of the date of reimbursement. Such reimbursable costs may include legal, accounting, printing and other offering expenses, including marketing, salaries and direct expenses of the Advisor’s employees and employees of the Advisor’s affiliates and others. Such reimbursable costs do not include any broker-dealer commissions paid by the Advisor in excess of the 3.00% paid by the Company, including any sponsor commissions or sponsor due diligence fees. Any reimbursement of the Advisor will not exceed actual expenses incurred by the Advisor. On November 1, 2013, the advisor forgave the reimbursement of the full amount of offering costs incurred. Fees and Expenses Paid in Connection With the Operations of the Company The Company has no paid employees. The Company has retained the Advisor to manage its affairs on a day-to-day basis. Pursuant to an amendment of the advisory agreement effective November 21, 2013, the Company will reimburse, no less than monthly, the Advisor for audit, accounting and legal fees, and other fees for professional services provided by third parties relating to the operations of the Company and all such fees incurred at the request, or on behalf of, the Board or any committee of the Board; provided, however, that the Advisor shall not be entitled to reimbursement by the Company for any personnel or related employment costs incurred by the Advisor or its affiliates in performing the services, including but not limited to salary and benefits of employees and overhead, until the first anniversary of (i) the listing of the Company’s shares on a national securities exchange or (ii) a merger, a sale of all or substantially all of the Company’s assets or another liquidity event transaction approved by the Company’s board. As of December 31, 2015, the aggregate amount of expense reimbursements waived by the Advisor was approximately $6.9 million. The Advisor must reimburse the Company at least quarterly for reimbursements paid to the Advisor in any four consecutive fiscal quarters to the extent that such reimbursements to the Advisor cause the Company’s total operating expenses to exceed the greater of (1) 2% of our average invested assets, which generally consists of the average book value of the Company’s real properties before deducting depreciation, bad debts or other non-cash reserves and the average book value of securities, or (2) 25% of the Company’s net income, which is defined as the Company’s total revenues less total expenses for any given period excluding reserves for depreciation, bad debts or other similar non-cash reserves, unless the independent directors have determined that such excess expenses were justified based on unusual and non-recurring factors. The Advisor does not currently owe any amounts to the Company under this provision. As the Company commences the reimbursement of the expenses to the Advisor, the Company will verify that such reimbursements do not exceed the limits identified above or, in the event of any excessive payments, will obtain reimbursements from the Advisor. The Advisor or its affiliates will receive an acquisition fee of 3.0% of the purchase price of any real estate or loan acquired at a discount, provided, however, the Company will not pay any fees when acquiring loans from its affiliates. During the year ended December 31, 2015 MVP REIT paid approximately $1.8 million, in acquisition fees to the Advisor. During the year ended December 31, 2014 no acquisition fees were earned. During the year ended December 31, 2015, JNL Parking earned fees of approximately $0.6 million, for 1% commission on purchases. The Advisor or its affiliates will be reimbursed for actual expenses paid or incurred in connection with the selection or acquisition of an investment, whether or not the Company ultimately acquires the investment. The Company may recoup all or a portion of these expenses from the borrower in connection with each investment. The Advisor or its affiliates is entitled to receive a monthly asset management fee at an annual rate equal to 0.85% of the fair market value of (i) all assets then held by the Company or (ii) the Company’s proportionate share thereof in the case of an investment made through a joint venture or other co-ownership arrangement, excluding (only for clause (ii)) debt financing obtained by the Company or made available to the Company. The fair market value of real property shall be based on annual “AS-IS”, “WHERE-IS” appraisals, and the fair market value of real estate-related secured loans shall be equal to the face value of the such loan, unless it is non-performing, in which case the fair market value shall be equal to the book value of such loan. The asset management fee will be reduced to 0.75% if the Company is listed on a national securities exchange. Asset management fees for the years ended December 31, 2015 and 2014 were approximately $0.5 million and $0.4 million, respectively. Notwithstanding the foregoing, no asset management fee will be paid or payable with respect to any mortgage assets held by us at this time. We will not pay any asset management fee on any of our mortgage assets unless we restructure our mortgage program in a manner consistent with the NASAA Mortgage Program Guidelines that would permit us to pay an asset management fee on our mortgage assets, including making available 84% of our capital contribution to invest in mortgages assets. We have no present intention to revise our investment strategy in a manner that would permit such payment under the NASAA Mortgage Program Guidelines, but may elect to do so in the future. If we do make such an election to restructure our mortgage program, then, subject to satisfaction of the requirements of the NASAA Mortgage Program Guidelines, we may pay our advisor or its affiliates an annual asset-based fee equal to 0.75% of the “Base Amount” (as defined in the NASAA Mortgage Program Guidelines) of the capital contributions, if any, committed to investments in mortgages and 0.5% of the capital contributions temporarily held while awaiting investments in mortgages, in addition to any other fees and compensation that is allowed under the NASAA Mortgage Program Guidelines. The advisory agreement currently provides for payment to our advisor of a monthly market-based fee for property management services of up to 6.00% of the gross revenues generated by our properties. The Advisor has irrevocably waived its rights to receive a property management fee with respect to any real property owned that are subject to triple net leases. As a result of this waiver, no property management fee will be paid on any real property owned that are subject to triple net leases pursuant to which the tenants pay all or a majority of all real estate taxes, building insurance, and maintenance expenses. The Advisor or its affiliates is entitled to receive a monthly debt financing fee at an annual rate equal to 0.25% of the aggregate debt financing obtained by the Company or made available to the Company, such as mortgage debt, lines of credit, and other term indebtedness, including refinancings. In the case of a joint venture, the Company pays this fee only on the Company’s pro rata share. Debt financing fees for the years ended December 31, 2015 and 2014 were approximately $66,000, and $29,000, respectively. Disposition Fee For substantial assistance in connection with the sale of real property, as determined by the independent directors, the Company will pay the Advisor or its affiliate the lesser of (i) 3.00% of the contract sale price of the real property sold or (ii) 50% of the customary commission which would be paid to a third-party broker for the sale of a comparable property. The amount paid, when added to the sums paid to unaffiliated parties, may not exceed either the customary commission or an amount equal to 6.00% of the contract sales price. The disposition fee will be paid concurrently with the closing of any such disposition of all or any portion of any real property. The Company will not pay a disposition fee upon the maturity, prepayment, workout, modification or extension of a loan or other debt-related investment; provided, however, that the Advisor or its affiliates may receive an exit fee or a prepayment penalty paid by the borrower. If the Company takes ownership of a property as a result of a workout or foreclosure of a loan, the Company will pay a disposition fee upon the sale of such real property equal to 3.00% of the sales price. With respect to real property held in a joint venture, the foregoing commission will be reduced to a percentage reflecting the Company’s economic interest in the joint venture. There were no disposition fees earned by the Advisor for the years ended December 31, 2015 and 2014. Fees and Expense Reimbursements Payable by Borrowers and Other Third Parties The Company or its affiliates may be entitled to late fees, loan servicing fees, loan extension and loan modification fees and other fees and expense reimbursement payable by borrowers and other third parties.

Dependency

Dependency	12 Months Ended
	Dec. 31, 2015
Risks and Uncertainties [Abstract]
Dependency	Note F —Dependency The Company has no employees and is dependent on the Advisor for certain services that are essential to the Company, including asset management services, supervision of the management and leasing of properties owned by the Company, asset acquisition and disposition decisions, as well as other administrative responsibilities for the Company including accounting services and investor relations. In the event that these companies are unable to provide the Company with the respective services, the Company will be required to find alternative providers of these services. In this regard, the Company notes that the Advisor has agreed to waive certain fees and expenses it otherwise would be entitled to under the Advisory Agreement as further described under “ Note E – Related Party Transactions and Arrangement

Stock-Based Compensation

Stock-Based Compensation	12 Months Ended
	Dec. 31, 2015
Equity [Abstract]
Stock-Based Compensation	Note G — Stock-Based Compensation Equity Incentive Plan The Company has adopted an equity incentive plan. The equity incentive plan offers certain individuals an opportunity to participate in the Company’s growth through awards in the form of, or based on, the Company’s common stock. The Company has no current intention to issue any awards under the equity incentive plan but may do so in the future in order to attract and retain qualified directors, officers, employees, and consultants. The equity incentive plan authorizes the granting of restricted stock, stock options, stock appreciation rights, restricted or deferred stock units, performance awards, dividend equivalents, other stock-based awards and cash-based awards to directors, employees and consultants of the Company selected by the board of directors for participation in the equity incentive plan. Stock options granted under the equity incentive plan will not exceed an amount equal to 10% of the outstanding shares of the Company’s common stock on the date of grant of any such stock options. Any stock options and stock appreciation rights granted under the equity incentive plan will have an exercise price or base price that is not less than the fair market value of the Company’s common stock on the date of grant. The board of directors, or the compensation committee of the board of directors, will administer the equity incentive plan, with sole authority to determine all of the terms and conditions of the awards, including whether the grant, vesting or settlement of awards may be subject to the attainment of one or more performance goals. No awards will be granted if the grant or vesting of the awards would jeopardize the Company’s status as a REIT under the Code or otherwise violate the ownership and transfer restrictions imposed under the Company’s charter. Unless otherwise determined by the board of directors, no award granted under the equity incentive plan will be transferable except through the laws of descent and distribution. The Company has authorized and reserved an aggregate maximum of 300,000 shares for issuance under the equity incentive plan. In the event of a transaction between the Company and its stockholders that causes the per-share value of common stock to change (including, without limitation, any stock dividend, stock split, spin-off, rights offering or large nonrecurring cash dividend), the share authorization limits under the equity incentive plan will be adjusted proportionately, and the board of directors must make such adjustments to the equity incentive plan and awards as it deems necessary, in its sole discretion, to prevent dilution or enlargement of rights immediately resulting from such transaction. In the event of a stock split, a stock dividend or a combination or consolidation of the outstanding shares of common stock into a lesser number of shares, the authorization limits under the equity incentive plan will automatically be adjusted proportionately and the shares then subject to each award will automatically be adjusted proportionately without any change in the aggregate purchase price. Unless otherwise provided in an award certificate or any special plan document governing an award, in the event of a corporate transaction (as defined in the Company’s equity incentive plan), if any award issued under the Company’s equity incentive plan is not assumed or replaced as part of the corporate transaction, then such portion of the award shall automatically become fully vested and exercisable and be released from any repurchase or forfeiture rights (other than repurchase rights exercisable at fair market value) immediately prior to the effective date of such corporation transaction, so long as the grantee’s continuous service has not terminated prior to such date. Unless otherwise provided in an award certificate or any special plan document governing an award, in the event of a change in control, each outstanding award issued automatically shall become fully vested and exercisable and be released from any repurchase or forfeiture rights (other than repurchase rights exercisable at fair market value), immediately prior to the effective date of such change in control, provided that the grantee’s continuous service has not terminated prior to such date. Under the equity incentive plan, a “corporate transaction” is defined to include (i) a merger or consolidation in which the Company is not the surviving entity; (ii) the sale of all or substantially all of the Company’s assets; (iii) the Company’s complete liquidation or dissolution; and (iv) acquisitions by any person of beneficial ownership of securities possessing more than 50% of the total combined voting power of the Company’s outstanding securities (but excluding any transactions determined by our administrator not to constitute a “corporate transaction”). Under the equity incentive plan, a “change in control” is defined generally as a change in ownership or control of the Company effected either through (i) acquisitions of securities by any person (or related group of persons) of securities possessing more than 50% of the total combined voting power of the Company’s outstanding securities pursuant to a tender offer or exchange offer that the Company’s directors do not recommend the Company’s stockholders accept; or (ii) a change in the composition of the board over a period of 12 months or less such that a majority of the Company’s board members will no longer serve as directors, by reason of one or more contested elections for board membership. The equity incentive plan will automatically expire on the tenth anniversary of the date on which it is approved by the board of directors and stockholders, unless extended or earlier terminated by the board of directors. The board of directors may terminate the equity incentive plan at any time. The expiration or other termination of the equity incentive plan will have no adverse impact on any award previously granted under the equity incentive plan. The board of directors may amend the equity incentive plan at any time, but no amendment will adversely affect any award previously granted, and no amendment to the equity incentive plan will be effective without the approval of the Company’s stockholders if such approval is required by any law, regulation or rule applicable to the equity incentive plan. In addition, no option, warrant or any other equity award will be issued under our equity incentive plan or otherwise to our advisor, our sponsor or any of their affiliates, if the issuance of any such award would result in a violation of any applicable NASAA REIT Guidelines, including the limitations imposed under the NASAA REIT Guidelines on our total operating expenses (after giving effect to the expense associated with such equity award). Please see “ Note E — Related Party Transactions and Arrangements

Recent Accounting Pronouncement

Recent Accounting Pronouncements	12 Months Ended
	Dec. 31, 2015
Accounting Changes and Error Corrections [Abstract]
Recent Accounting Pronouncements	Note H – Recent Accounting Pronouncements The FASB issued ASU 2015-03, Interest—Imputation of Interest (Subtopic 853-30)—Simplifying the Presentation of Debt Issuance Costs

Acquisitions

Acquisitions	12 Months Ended
	Dec. 31, 2015
Business Combinations [Abstract]
Acquisitions	Note I - Acquisitions 2015 Denver Sherman On January 26, 2015 the Company closed on the purchase of a 0.14 acre parking lot located at 1963 Sherman Street, Denver, Colorado, consisting of approximately 28 parking spaces, for a purchase price of approximately $0.6 million, plus certain closing costs. The parking lot is leased to the City of Denver School District Number 1. Fort Worth Taylor On March 16, 2015, the Company closed on its $23.3 million purchase of a multi-level parking garage. The parking garage consists of 1,013 parking spaces and approximately 11,828 square feet of office space. The parking garage is located in Fort Worth, Texas. The $23.3 million purchase price included assumption of the existing financing on the parking garage. The existing financing has a maturity date of August 2021, has a balance of approximately $12.2 million, and an interest rate of 5.59% per annum. The Company paid customary closing costs in connection with the transaction. The parking garage is leased to SP Plus Corporation. Milwaukee Old World On March 31, 2015, the Company closed on the purchase of St. Louis Convention Plaza On May 13, 2015, the Company closed on the purchase of Houston Saks Garage On May 28, 2015, the Company closed on the purchase of St. Louis Lucas On June 29, 2015, the Company closed on the purchase of Milwaukee Wells On June 30, 2015, the Company closed on the purchase of Wildwood NJ Lot On July 10, 2015, the Company, through its wholly owned entity, MVP Wildwood NJ Lot, LLC, a Nevada limited liability company, announced that it has closed on the purchase of a parking lot for approximately $1.0 million in cash. The parking lot is located at 400 East Magnolia Ave, Wildwood, NJ. The parking lot #1 consists of 11,250 square feet and has 29 parking spaces. The parking lot is zoned T/E, and allows for a maximum building height of 250 feet. At closing, parking lot #1 was managed by SP Plus Corporation. On December 16, 2015, the Company purchased an adjacent lot for approximately $0.6 million in cash. The parking lot is located at 401 East Glenwood Ave, Wildwood, NJ (“parking lot #2”). Parking lost #2 consists of 13,500 square feet and has 46 spaces. Through the acquisition of the second lot, the management agreement with SP+ has been cancelled and a lease for the two parking lots has been executed. Indy City Parking Garage On October 5, 2015, the Company purchased a parking garage for approximately $10.5 million. The parking garage is located at 120 East Washington Street, Indianapolis, Indiana. The parking garage consists of approximately 52,650 square feet and has approximately 370 parking spaces. The parking garage is zoned CBD-1 and allows for a maximum building height of five stories. The parking garage will be leased by ABM Onsite Services - Midwest, Inc., a subsidiary of ABM Industries, Inc., which trades on the New York Stock Exchange as ticker symbol “ABM”. KC Cherry Lot On October 9, 2015, the Company purchased a parking lot for approximately $515,000 in cash. The parking lot is located at 1109 Cherry Street, Kansas City, Missouri. The parking lot consists of approximately 26,304 square feet and has approximately 84 parking spaces. The parking lot is zoned UR. The parking lot will be leased by SP Plus Corporation. Indy WA Street On October 29, 2015, the Company purchased a parking lot for approximately $5 million in cash. The parking lot is located at 301 E. Washington Street, Indianapolis, IN 46204. The parking lot consists of approximately 46,403 square feet and has approximately 149 parking spaces. The parking lot will be leased by Denison Parking Inc., an Indianapolis parking operator. The following table is a summary of the acquisitions for the year ended December 31, 2015: Assets Liabilities Land and Improvements Building and improvements Total assets acquired Notes Payable Assumed Net assets and liabilities acquired Denver Sherman $ 585,000 $ -- $ 585,000 $ -- $ 585,000 Ft. Worth Taylor 5,834,000 17,502,000 23,336,000 12,180,000 11,156,000 Milwaukee Old World 1,000,000 -- 1,000,000 -- 1,000,000 St. Louis Convention Plaza 2,575,000 -- 2,575,000 -- 2,575,000 Houston Saks Garage 3,565,000 4,810,000 8,375,000 -- 8,375,000 St. Louis Lucas 3,463,000 -- 3,463,000 -- 3,463,000 Milwaukee Wells 3,900,000 -- 3,900,000 -- 3,900,000 Wildwood NJ Lot#1 970,000 -- 970,000 -- 970,000 Indy City Park 1,226,000 9,274,000 10,500,000 -- 10,500,000 KC Cherry Street 515,000 -- 515,000 -- 515,000 Indy WA Street 4,995,000 -- 4,995,000 -- 4,995,000 Wildwood NJ #2 615,000 -- 615,000 -- 615,000 $ 29,245,000 $ 31,586,000 $ 60,829,000 $ 12,180,000 $ 48,649,000 Pro forma results of the Company The following table of pro forma consolidated results of operations of the Company for the years ended December 31, 2015 and 2014, and assumes that the acquisition was completed as of January 1, 2014. For the year ended December 31, 2015 For the year ended December 31, 2014 Revenues from continuing operations $ 6,534,000 $ 4,829,000 Net income (loss) available to common stockholders $ (75,000) 545,000 Net income (loss) available to common stockholders per share – basic $ (0.01) $ 0.15 Net income (loss) available to common stockholders per share – diluted $ (0.01) $ 0.15 Revenue and expenses of acquisitions since acquisition dates included in consolidated statement of operations The following is a summary of the results of operations related to the net assets and liabilities acquired for the period from acquisition dates through December 31, 2015: Revenue $ 2,328,000 Expenses (3,483,000) Net loss $ (1,105,000) 2014 On April 30, 2014, the Company exercised its Purchase Right and acquired VRM I and VRM II’s interest in the five parking facilities, net of the assumed debt secured by the real estate and VRM II’s interest in the storage facility, net of the assumed debt secured by the real estate. In exchange VRM I and VRM II received interest in four office properties, net of the assumed debt secured by the real estate. The difference between the net amount of the assets exchanged was paid in cash. As a result, the Company now holds 100% interest in the five parking facilities and storage facility, and VRM I and VRM II together hold 100% interest in the four office properties. The transaction was approved by the Board of Directors of the Company, VRM I and VRM II. The following table summarizes the acquisition-date fair value of the total consideration transferred: Assets Cash $ 101,000 Other assets 22,000 Land and improvements 6,275,000 Building and improvements 18,521,000 Tenant improvements 165,000 Total assets transferred 25,084,000 Liabilities Accounts payable and accrued liabilities 58,000 Notes payable 14,335,000 Total liabilities transferred 14,393,000 Acquisition-date fair value of the total consideration transferred $ 10,691,000 The related assets, liabilities, and results of operations of the acquired properties are included in the consolidated financial statements as of the date of acquisition. The following table summarizes the estimated fair values of the assets acquired and liabilities assumed at the acquisition date for our 2014 acquisition: Assets Acquired Assets Cash received $ 1,392,000 Other assets 171,000 Land and improvements 11,200,000 Building and improvements 736,000 49% Non-controlling interest portion of Red Mountain 1,208,000 Total assets acquired 14,707,000 Liabilities Accrued liabilities 10,000 Notes payable 4,278,000 Total liabilities assumed 4,288,000 Net assets acquired $ 10,419,000 We recognized acquisition expense related to the acquisition of parking facilities of which includes a 7.5% guaranteed return of approximately $0.5 million to VRM I and VRM II for their investment in these properties. Additionally, we reimbursed VRM I and VRM II for the loss they incurred related to the sale of MVP PF Baltimore 2013, LLC and acquisition expenses. These expenses incurred in the acquisition of the parking facilities totaled $1,336,000 of which VRM I and VRM II’s share was $0.2 million and $0.3 million, respectively. During December 2014, the Company has acquired 70% tenant-in-common interest in a parking garage located in Cincinnati OH. The Company financed $9.0 million of the $15.0 million purchase price with a 10 year loan with a fixed interest rate of 4.25%. This loan is secured by the property. Pro forma results of the Company The following table of pro forma consolidated results of operations of the Company for the years ended December 31, 2014 and 2013, and assumes that the acquisition was completed as of January 1, 2013. For the year ended December 31, 2014 For the year ended December 31, 2013 Revenues from continuing operations $ 2,494,000 $ 2,218,000 Net loss available to common stockholders $ (740,000) (3,539,000) Net loss available to common stockholders per share – basic $ (0.20) $ (3.40) Net loss available to common stockholders per share – diluted $ (0.20) $ (3.40) Revenue and expenses of acquisitions since acquisition dates included in consolidated statement of operations The following is a summary of the results of operations related to the net assets and liabilities acquired for the period from acquisition dates through December 31, 2014: Revenue $ 658,000 Expenses (546,000) Net Income $ 112,000

Assets Held For Sale

Assets Held For Sale	12 Months Ended
	Dec. 31, 2015
Property, Plant and Equipment [Abstract]
Assets Held For Sale	Note J — Assets held for sale During February 2015, management entered into a plan to sell the storage unit assets which results in the financial reporting of these assets, liabilities and results of operations related to the assets held for sale, which are classified as discontinued operations. On May 6, 2015, the Company sold the storage unit asset located in Nevada to a non-related third party for approximately $5.4 million. Proceeds of approximately $2.6 million from this sale paid the promissory note for this property in full. On October 29, 2015, the Company also sold the storage unit asset located in Cedar Park, TX to a non-related third party for approximately $4.3. Proceeds of approximately $2.6 million from this sale paid the promissory note for this property in full. The gain on sale is approximately $1.0 million. The following is a summary of the results of operations related to the assets held for sale for the year ended December 31, 2015: For The Year Ended December 31, 2015 Revenue $ 622,000 Expenses (408,000) Net Income $ 214,000 2014 On April 30, 2014, the Company exercised its Purchase Right and acquired VRM I and VRM II’s interest in the five parking facilities, net of the assumed debt secured by the real estate and VRM II’s interest in the storage facility, net of the assumed debt secured by the real estate. In exchange VRM I and VRM II received interest in four office properties, net of the assumed debt secured by the real estate. The difference between the net amount of the assets exchanged was paid in cash. As a result, the Company now holds 100% interest in the five parking facilities and storage facility, and VRM I and VRM II together hold 100% interest in the four office properties The transaction was approved by the Board of Directors of the Company, VRM I and VRM II. The following is a summary of the results of operations related to the assets held for sale for January 1, 2014 through April 30, 2014: January 1, 2014 through April 30, 2014 Revenue $ 792,000 Expenses (655,000) Net Income $ 137,000 During July 2014, the Company entered into an agreement to sell the remaining 58% interest in Building C, LLC and 100% interest in Building A, LLC whose sole asset is an office building also located in Las Vegas, NV to VRM I and VRM II. The cash consideration, net of assumed debt of approximately $16.9 million, totals approximately $10.3 million. On July 31, 2014, the Company completed the sale of the remaining 58% interest in Building C, LLC to VRM I and VRM II. The sale of the interests in Building A, LLC was completed on August 29, 2014. The purchase price for both buildings is equal to the amount paid by the Company to acquire the buildings which acquisition was within the past twelve (12) months resulting in a net gain of approximately $0.1 million. No commissions were paid in connection with the purchase. The following is a summary of the results of operations related to the assets held for sale for January 1, 2014 through closing date (July 31, 2014 and August 29, 2014): January 1, 2014 through Closing Date (July 31, 2014 and August 29, 2014) Revenue $ 1,794,000 Expenses (1,296,000) Net Income $ 498,000 During February 2015, the management has entered into a plan to sell the storage unit assets which results in the financial reporting of these assets, liabilities and results of operation to held for sale and discontinued operations. The following is summary of net assets held for sale through December 31, 2014: December 31, 2014 Assets: Current assets $ 20,000 Property and equipment, net 8,226,000 Other assets 67,000 Total assets $ 8,313,000 Liabilities: Accounts payable and accrued liabilities $ 123,000 Notes payable 4,316,000 Total liabilities 4,439,000 Net assets held for sale $ 3,874,000 The following is a summary of the results of operations related to the assets held for sale for the year ended December 31, 2014: For The Year Ended December 31, 2014 Revenue $ 1,067,000 Expenses (826,000) Net Income $ 241,000

Notes Payable

Notes Payable	12 Months Ended
	Dec. 31, 2015
Debt Disclosure [Abstract]
Notes Payable	Note K — Notes Payable During March 2013, Cedar Park issued a promissory note for approximately $1.8 million. The note was collateralized by real property located in Cedar Park, Texas, bears an annual interest rate of 4.66%, and was payable in monthly installment payments of principal and interest totaling approximately $10,000, with a lump sum payment of approximately $1.3 million due at maturity in April 2023. This loan was paid in full in October 2015 through the sale of the property. During September 2013, through the acquisition of Red Mountain, the Company financed a 7-year term loan with a balance of approximately $2.7 million, collateralized by real property located in Las Vegas, Nevada, matures in October 2020, bears an annual interest rate of 4.35%, and was payable in monthly installment payments of principal and interest totaling approximately $15,000. This loan was paid in full in May 2015 through the sale of the property. During January 2014, the entities holding the four parking facilities issued a promissory note to Key Bank National Association for $4.3 million. This note bears an annual interest rate of 4.94%, is secured by four parking facilities, matures in February 2019 and is payable in monthly principal and interest payments of approximately $25,000. During December 2014, through the acquisition of Mabley Place, the Company issued a promissory note to Wells Fargo Bank for $9.0 million. This note bears an annual interest rate of 4.25%, is secured by the property, matures in December 2024 and is payable in monthly principal and interest payments of approximately $44,000. During March 2015, through the acquisition of Ft. Worth Taylor, the Company assumed a 10-year term loan with a balance of approximately $12.2 million, collateralized by real property located in Ft. Worth, Texas, matures in August 2021, bears an annual interest rate of 5.59%, and is payable in monthly installment payments of principal and interest totaling approximately $78,000. During August 2015, Houston Saks Garage issued a promissory note for approximately $3.7 million. The note is collateralized by real property located in Houston, Texas, bears an annual interest rate of 4.25%, and is payable in monthly installment payments of principal and interest totaling approximately $30,000, maturing in August 2025. Total interest expense incurred for the years ended December 31, 2015 and 2014 is $1.3 million and $0.1 million, respectively. As of December 31, 2015, future principal payments on the notes payable are as follows: 2016 $ 735,000 2017 643,000 2018 676,000 2019 4,420,000 2020 627,000 Thereafter 21,610,000 Total $ 28,711,000 As of December 31, 2015, the principle balance on investments in real estate are as follows: Property Location Current Loan Balance Interest Rate Loan Maturity Ft. Lauderdale 208 SE 6th St, Ft Lauderdale, FL $1,487,000 4.94% 2/1/2019 Memphis Court 216 Court St, Memphis, TN $139,000 4.94% 2/1/2019 Memphis Poplar 212 Poplar Ave, Memphis, TN $1,252,000 4.94% 2/1/2019 Kansas City 1130 Holmes St, Kansas City, MO N/A N/A N/A St. Louis 1300 Spruce St, St. Louis, MO $1,247,000 4.94% 2/1/2019 Mabley Place 400 Race Street, Cincinnati, OH $8,843,000 4.25% 12/26/2024 Denver Sherman 1963 Sherman Street, Denver, CO N/A N/A N/A Ft. Worth 814 Taylor Street, Fort Worth, Texas $11,965,000 5.59% 8/1/2021 Milwaukee Old World 822 N. Old World Third Street, Milwaukee, WI N/A N/A N/A St. Louis Convention 1010 Convention Plaza , St. Louis, MO N/A N/A N/A Houston Saks Garage 611 Fannin Street, Houston, Tx $3,616,000 4.25% N/A St. Louis Lucas Lucas Ave, St. Louis, MO N/A N/A N/A Milwaukee Wells 215 W. Wells Street, Milwaukee, WI N/A N/A N/A Wildwood NJ Lot 400 East Magnolia Ave, Wildwood, NJ N/A N/A N/A Indy Garage 120 E. Washington Street, Indianapolis, IN N/A N/A N/A KC Cherry Lot 1109 Cherry Street, Kansas City, MO N/A N/A N/A Indy Lot 301 E. Washington Street, Indianapolis, IN N/A N/A N/A Wildwood NJ Lot II 401 E. Glenwood Ave., Wildwood, NJ N/A N/A N/A Total $28,549,000

Income Tax

Income Tax	12 Months Ended
	Dec. 31, 2015
Income Tax Disclosure [Abstract]
Income Tax	Note L — Income Tax Income Taxes and Distributions As a REIT, it generally will not be subject to federal income tax on taxable income distributed to the stockholders. In 2015, MVP REIT Inc. has no distributable taxable income. In addition, MVP REIT Inc. does not have any subsidiaries elected to be treated as TRSs pursuant to the Code to participate in services that would otherwise be considered impermissible for REITS and are subject to federal and state income tax at regular corporate tax rates. Tax Treatment of Distributions For federal income tax purposes, distributions to stockholders are characterized as ordinary income, capital gain distributions, or nontaxable distributions. Nontaxable distributions will reduce U.S. stockholders' basis (but not below zero) in their shares. The income tax treatment for distributions reportable for the years ended December 31, 2015 and 2014 is as follows: 2015 2014 Ordinary $ -- $ -- Capital Gain - -- Return of Capital 4,315,000 2,016,000 $ 4,315,000 $ 2,016,000

Subsequent Events

Subsequent Events	12 Months Ended
	Dec. 31, 2015
Subsequent Events [Abstract]
Subsequent Events	Note M — Subsequent Events The following subsequent events have been evaluated through the date of this filing with the SEC. As of the date of this filing, the Company has received additional requests for repurchase of 16,469 shares which exceed the amount allowable for 2015 repurchase by $147,144. April 2016 will be the next date shares are available for repurchase. On January 2, 2016, the Company has entered into a joint venture with MVP REIT II, Inc. to purchase the membership interests of an entity that owns two parking lots located in Minneapo1is for a purchase price of approximately $15,495,000 plus closing costs. The purchase shall be accomplished through a limited liability company owned jointly by the Company and MVP REIT II, Inc (collectively, “MVP”). The Company’s share of the purchase price is approximately $13,495,000 plus closing costs and the Company will own a 87.09% interest in the limited liability company. The first parking lot is located at 1022 Hennepin Avenue (the “Hennepin lot”). The Hennepin lot consists of approximately 90,658 square feet and has approximately 270 parking spaces. The second parking lot is located at 41 10th Street North (the “10th Street lot”). The 10th street lot consists of approximately 107,952 square feet and has approximately 185 parking spaces. Both the Hennepin lot and 10th Street lot will be leased by SP Plus, a Delaware parking operator, under a net lease agreement where MVP will be responsible for property taxes and SP Plus will pay for all insurance and maintenance costs. On January 15, 2016, the Company through its wholly owned entity MVP Indianapolis Meridian Lot, LLC, a Nevada limited liability company, closed on the purchase of a parking lot for approximately $1.665 million. The property is located at 239 S. Meridian Street, Indianapolis, Indiana (the “parking lot”). The parking lot consists of approximately 10,290 square feet and has approximately 39 parking spaces. The parking lot is leased to Denison Parking, Inc., an Indianapolis parking operator. On February 1, 2016, the Company purchased a parking lot for approximately $3.9 million in cash. The property is located at 1124 N. Old World Third Street, Milwaukee, Wisconsin (the “parking lot”). The parking lot consists of 38,606.50 square feet and has 75 parking spaces. The parking lot is leased by SP Plus Corporation (“SP Plus”), a national parking operator. On January 20, 2016, MVP REIT, INC (“MVP”) through various wholly owned subsidiaries entered into two loans with Keybank. The first loan is an $8,580,000 loan secured by the following properties in Indianapolis: 110-120 E. Washington Street, and 301 E. Washington Street. The loan has a term of 10 years, is amortized over 25 years and has an interest rate of 4.59% per annum. The second loan is a $3,490,000 loan secured by the following properties in Missouri: 1010 Convention Plaza, St. Louis, 901, 909, 925 Lucas Avenue and 900, 908, 910 & 916 Convention Plaza, St. Louis and 1109 Cherry Street, Kansas City. The loan has a term of 10 years, is amortized over 25 years and has an interest rate of 4.59% per annum. On February 9, 2016, the Company through its wholly owned entity MVP Clarksburg Lot, LLC, a Nevada limited liability company closed on the purchase of a parking lot for approximately $0.6 million in cash. The parking lot is located at 327 Washington Avenue, Clarksburg, West Virginia 26301 (the “parking lot”). The parking lot is leased by ABM Parking Services Inc. ("ABM"), a national parking operator, On February 12, 2016, the Company along with MVP REIT II through MVP Denver 1935 Sherman, LLC, ("MVP Denver"), a Nevada limited liability company, an entity owned 75.51% by MVP and 24.49% by MVPII, closed on the purchase of a parking lot for approximately $2.4 million in cash of which MVP’s share was approximately $1.8 million. The parking lot is located at 1935 Sherman Avenue, Denver, Colorado (the “Denver parking lot”). The Denver parking lot is leased by SP Plus Corporation On January 20, 2016, the Company through its wholly owned entity MVP Milwaukee Clybourn, LLC, a Nevada limited liability company, closed on the purchase of a parking lot for approximately $0.2 million. The property is located at 412 E. Clybourn Street, Milwaukee, Wisconsin. The parking lot consists of 15 parking spaces and is leased to Secure Parking USA, LLC. On February 1, 2016, the Company purchased a parking lot for approximately $3.9 million in cash. The property is located at 1124 N. Old World Third Street, Milwaukee, Wisconsin (the “Wisconsin parking lot”). The parking lot consists of 38,606.50 square feet and has 75 parking spaces. The Wisconsin parking lot is leased by SP Plus Corporation. On February 19, 2016, MVP REIT, Inc., through its wholly owned entity, MVP Bridgeport Fairfield Garage, LLC, a Delaware limited liability company, as purchaser, entered into a Purchase and Sale Agreement (the “Purchase Agreement”) with Fairfield Avenue Parking Corporation, a Connecticut corporation, or seller, and First American Title Insurance Company, as escrow agent, for the purchase of a multi-level parking garage consisting of approximately 878 parking spaces, together with approximately 4,349 square feet of retail space, located in Bridgeport, Connecticut, for a purchase price of $7.8 million, plus closing costs. On March 7, 2016 the Board of Directors appointed Dan Huberty as its new President. Since January 2015, Mr. Huberty has been the Vice President at JNL Parking, in charge of sales and acquisitions. In addition, since July 2015, he has served as Vice President of Parking Operations for MVP. Prior to his position at JNL Parking, Mr. Huberty served as Senior Vice President of Sales for Central Parking from October 2011 to September 2012. Then from October 2012 till November 2014, he served as Executive Vice President of Operations for SP +, where he oversaw the southern division for the company after helping complete the sale and integration of Central Parking. Prior to that, from July 2009 to September 2011, Mr. Huberty served as a Vice President for Clean Energy Fuels, the largest provider of Compressed Natural Gas in the Country. Mr. Huberty also spent 16 years, from August 1993 to June 2009, with increasing responsibility over operations and sales within the Parking Division at ABM Industries as a Vice President, where he built and ran the sales team for his last two years with ABM. Mr. Huberty received his BBA from Cleveland State University and his MBA from the University of Phoenix, and currently serves as a State Representative in the State of Texas. On February 19, 2016, the Board of Directors of MVP REIT, Inc. accepted the resignation of Fredrick Leavitt as a director. The Board has decided, at this time, not to fill the vacancy.

Summary of Significant Accoun20

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2015
Accounting Policies [Abstract]
Basis of Accounting	Basis of Accounting The consolidated financial statements of the Company are prepared on the accrual basis of accounting in accordance with accounting principles generally accepted in the United States of America (“GAAP”). In the opinion of management, all normal recurring adjustments considered necessary to give a fair presentation of operating results for the periods presented have been included.
Consolidation	Consolidation The Company’s consolidated financial statements include its accounts and the accounts of its subsidiaries, REH and all of the subsidiaries of REH: MVP MS Cedar Park 2012, LLC; MVP PF Ft. Lauderdale, LLC; MVP PF Memphis Court, LLC; MVP PF Memphis Poplar, LLC; MVP PF St. Louis, LLC; MVP PF Kansas City, LLC; MVP MS Red Mountain 2013, LLC; Mabley Place Garage; LLC, MVP Denver Sherman; LLC, MVP Fort Worth Taylor, LLC; MVP Milwaukee Old World, LLC; MVP St. Louis Convention Plaza, LLC; MVP Houston Saks Garage, LLC; MVP St. Louis Lucas, LLC, MVP Milwaukee Wells, LLC, MVP Wildwood NJ Lot, LLC, MVP Indianapolis City Park Garage, LLC, MVP KC Cherry Lot, LLC and MVP Indianapolis Washington Street Lot, LLC, as well as the Company’s assets that were sold during 2015. All intercompany profits and losses, balances and transactions are eliminated in consolidation. Under accounting principles generally accepted in the United States of America (“GAAP”), the Company’s consolidated financial statements will also include the accounts of its consolidated subsidiaries and joint ventures in which the Company is the primary beneficiary, or in which the Company has a controlling interest. In determining whether the Company has a controlling interest in a joint venture and the requirement to consolidate the accounts of that entity, the Company’s management considers factors such as an entity’s purpose and design and the Company’s ability to direct the activities of the entity that most significantly impacts the entity’s economic performance, ownership interest, board representation, management representation, authority to make decisions, and contractual and substantive participating rights of the partners/members as well as whether the entity is a variable interest entity in which it will absorb the majority of the entity’s expected losses, if they occur, or receive the majority of the expected residual returns, if they occur, or both. Equity investments in which the Company exercises significant influence but does not control and is not the primary beneficiary are accounted for using the equity method. The Company's share of its equity method investees' earnings or losses is included in other income in the accompanying Consolidated Statements of Operations. Investments in which the Company is not able to exercise significant influence over the investee are accounted for under the cost method.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Management makes significant estimates regarding revenue recognition, purchase price allocations to record investments in real estate, and derivative financial instruments and hedging activities, as applicable.
Concentration	Concentration The company has approximately six tenants. One tenant, Standard Parking + (“SP+”), consists of more than 10% of the Company’s rental revenue. This tenant represents a concentration for the years ended December 31, 2015 and 2014.
Acquisitions	Acquisitions The Company records the acquired tangible and intangible assets and assumed liabilities of acquisitions of all operating properties and those development and redevelopment opportunities that meet the accounting criteria to be accounted for as business combinations at fair value at the acquisition date. The Company assesses and considers fair value based on estimated cash flow projections that utilize available market information and discount and/or capitalization rates that the Company deems appropriate. Estimates of future cash flows are based on a number of factors including historical operating results, known and anticipated trends, and market and economic conditions. The acquired assets and assumed liabilities for an operating property acquisition generally include but are not limited to: land, buildings and improvements, construction in progress and identified tangible and intangible assets and liabilities associated with in-place leases, including tenant improvements, leasing costs, value of above-market and below-market operating leases and ground leases, acquired in-place lease values and tenant relationships, if any. The fair value of land is derived from comparable sales of land within the same submarket and/or region. The fair value of buildings and improvements, tenant improvements, and leasing costs are based upon current market replacement costs and other relevant market rate information. The fair value of the above-market or below-market component of an acquired in-place operating lease is based upon the present value (calculated using a market discount rate) of the difference between (i) the contractual rents to be paid pursuant to the lease over its remaining non-cancellable lease term and (ii) management's estimate of the rents that would be paid using fair market rental rates and rent escalations at the date of acquisition measured over the remaining non-cancellable term of the lease for above-market operating leases and the initial non-cancellable term plus the term of any below-market fixed rate renewal options, if applicable, for below-market operating leases. The amounts recorded for above-market operating leases are included in deferred leasing costs and acquisition-related intangibles, net on the balance sheet and are amortized on a straight-line basis as a reduction of rental income over the remaining term of the applicable leases. The amounts recorded for below-market operating leases are included in deferred revenue and acquisition-related liabilities, net on the balance sheet and are amortized on a straight-line basis as an increase to rental income over the remaining term of the applicable leases plus the term of any below-market fixed rate renewal options, if applicable. Our below-market operating leases generally do not include fixed rate or below-market renewal options. The fair value of acquired in-place leases is derived based on management's assessment of lost revenue and costs incurred for the period required to lease the “assumed vacant” property to the occupancy level when purchased. This fair value is based on a variety of considerations including, but not necessarily limited to: (1) the value associated with avoiding the cost of originating the acquired in-place leases; (2) the value associated with lost revenue related to tenant reimbursable operating costs estimated to be incurred during the assumed lease-up period; and (3) the value associated with lost rental revenue from existing leases during the assumed lease-up period. Factors considered by us in performing these analyses include an estimate of the carrying costs during the expected lease-up periods, current market conditions, and costs to execute similar leases. In estimating carrying costs, the Company includes real estate taxes, insurance and other operating expenses, and estimates of lost rental revenue during the expected lease-up periods based on current market demand at market rates. In estimating costs to execute similar leases, the Company considers leasing commissions, legal and other related expenses. The amount recorded for acquired in-place leases is included in deferred leasing costs and acquisition-related intangibles, net on the balance sheet and amortized as an increase to depreciation and amortization expense over the remaining term of the applicable leases. If a lease were to be terminated or if termination were determined to be likely prior to its contractual expiration (for example resulting from bankruptcy), amortization of the related unamortized in-place lease intangible would be accelerated. The determination of the fair value of any debt assumed in connection with a property acquisition is estimated by discounting the future cash flows using interest rates available for the issuance of debt with similar terms and remaining maturities. The determination of the fair value of the acquired tangible and intangible assets and assumed liabilities of operating property acquisitions requires us to make significant judgments and assumptions about the numerous inputs discussed above. The use of different assumptions in these fair value calculations could significantly affect the reported amounts of the allocation of our acquisition related assets and liabilities and the related amortization and depreciation expense recorded for such assets and liabilities. In addition, because the value of above and below market leases are amortized as either a reduction or increase to rental income, respectively, our judgments for these intangibles could have a significant impact on our reported rental revenues and results of operations. Costs directly associated with all operating property acquisitions and those development and redevelopment acquisitions that meet the accounting criteria to be accounted for as business combinations are expensed as incurred. During the year ended December 31, 2015, the Company expensed approximately $2,649,000 of related party and $678,000 non-related party acquisition costs. Our acquisition expenses are directly related to our acquisition activity and if our acquisition activity was to increase or decrease, so would our acquisition costs. Costs directly associated with development acquisitions accounted for as asset acquisitions are capitalized as part of the cost of the acquisition. During the year ended December 31, 2015, the Company did not capitalize any such acquisition costs.
Impairment of Long Lived Assets	Impairment of Long Lived Assets When circumstances indicate the carrying value of a property may not be recoverable, the Company reviews the asset for impairment. This review is based on an estimate of the future undiscounted cash flows, excluding interest charges, expected to result from the property’s use and eventual disposition. These estimates consider factors such as expected future operating income, market and other applicable trends and residual value, as well as the effects of leasing demand, competition and other factors. If impairment exists, due to the inability to recover the carrying value of a property, an impairment loss is recorded to the extent that the carrying value exceeds the estimated fair value of the property for properties to be held and used. For properties held for sale, the impairment loss is the adjustment to fair value less estimated cost to dispose of the asset. These assessments have a direct impact on net income because recording an impairment loss results in an immediate negative adjustment to net income.
Derivative Instruments	Derivative Instruments The Company may use derivative financial instruments to hedge all or a portion of the interest rate risk associated with its borrowings. Certain techniques used to hedge exposure to interest rate fluctuations may also be used to protect against declines in the market value of assets that result from general trends in debt markets. The principal objective of such agreements is to minimize the risks and/or costs associated with the Company’s operating and financial structure as well as to hedge specific anticipated transactions. The Company records all derivatives on the balance sheet at fair value. The accounting for changes in the fair value of derivatives depends on the intended use of the derivative, whether the Company has elected to designate a derivative in a hedging relationship and apply hedge accounting and whether the hedging relationship has satisfied the criteria necessary to apply hedge accounting. Derivatives designated and qualifying as a hedge of the exposure to changes in the fair value of an asset, liability, or firm commitment attributable to a particular risk, such as interest rate risk, are considered fair value hedges. Derivatives designated and qualifying as a hedge of the exposure to variability in expected future cash flows, or other types of forecasted transactions, are considered cash flow hedges. Derivatives may also be designated as hedges of the foreign currency exposure of a net investment in a foreign operation. Hedge accounting generally provides for the matching of the timing of gain or loss recognition on the hedging instrument with the recognition of the changes in the fair value of the hedged asset or liability that are attributable to the hedged risk in a fair value hedge or the earnings effect of the hedged forecasted transactions in a cash flow hedge. The Company may enter into derivative contracts that are intended to economically hedge certain of its risk, even though hedge accounting does not apply or the Company elects not to apply hedge accounting. The accounting for subsequent changes in the fair value of these derivatives depends on whether each has been designed and qualifies for hedge accounting treatment. If the Company elects not to apply hedge accounting treatment, any changes in the fair value of these derivative instruments is recognized immediately in gains (losses) on derivative instruments in the consolidated statement of operations. If the derivative is designated and qualifies for hedge accounting treatment, the change in the estimated fair value of the derivative is recorded in other comprehensive income (loss) to the extent that it is effective. Any ineffective portion of a derivative’s change in fair value will be immediately recognized in earnings.
Cash	Cash The Company maintains the majority of its cash balances in a national financial institution located in Las Vegas, Nevada. The balances are insured by the Federal Deposit Insurance Corporation under the same ownership category up to at least $250,000. As of December 31, 2015 and 2014, the Company had approximately $9.1 million and approximately $13.3 million in excess of the federally-insured limits, respectively.
Restricted Cash	Restricted Cash Restricted cash primarily consists of escrowed tenant improvement funds, real estate taxes, capital improvement funds, insurance premiums, and other amounts required to be escrowed pursuant to loan agreements.
Revenue Recognition	Revenue Recognition The Company’s revenues, which will be derived primarily from rental income, include rents that each tenant pays in accordance with the terms of each lease reported on a straight-line basis over the initial term of the lease. Since some of the Company’s leases will provide for rental increases at specified intervals, straight-line basis accounting requires the Company to record a receivable, and include in revenues, unbilled rent receivables that the Company will only receive if the tenant makes all rent payments required through the expiration of the initial term of the lease. The Company may recognize interest income from loans on an accrual basis over the expected terms of the loans using the effective interest method. The Company may recognize fees, discounts, premiums, anticipated exit fees and direct cost over the terms of the loans as an adjustment to the yield. The Company may recognize fees on commitments that expire unused at expiration. The Company may recognize interest income from available-for-sale securities on an accrual basis over the life of the investment on a yield-to-maturity basis. The Company will continually review receivables related to rent and unbilled rent receivables and determine collectability by taking into consideration the tenant’s payment history, the financial condition of the tenant, business conditions in the industry in which the tenant operates and economic conditions in the area in which the property is located. In the event that the collectability of a receivable is in doubt, the Company will record an increase in the Company’s allowance for uncollectible accounts or record a direct write-off of the receivable in the Company’s consolidated statements of operations.
Advertising Costs	Advertising Costs Advertising costs incurred in the normal course of operations are expensed as incurred. During the years ended December 31, 2015 and 2014, the Company had no advertising costs.
Investments in Real Estate and Fixed Assets	Investments in Real Estate and Fixed Assets Investments in real estate and fixed assets are stated at cost less accumulated depreciation. Depreciation is provided principally on the straight-line method over the estimated useful lives of the assets, which are primarily 3 to 40 years. The cost of repairs and maintenance is charged to expense as incurred. Expenditures for property betterments and renewals are capitalized. Upon sale or other disposition of a depreciable asset, cost and accumulated depreciation are removed from the accounts and any gain or loss is reflected in other income (expense). The Company periodically evaluates whether events and circumstances have occurred that may warrant revision of the estimated useful lives of fixed assets or whether the remaining balance of fixed assets should be evaluated for possible impairment. The Company uses an estimate of the related undiscounted cash flows over the remaining life of the fixed assets in measuring their recoverability.
Investments in Real Estate Loans	Investments in Real Estate Loans Subject to the restrictions on related-party transactions set forth in the Company’s charter, the Company may, from time to time, acquire or sell investments in real estate loans from or to the advisor or other related parties without a premium. The primary purpose is to either free up capital to provide liquidity for various reasons, such as loan diversification, or place excess capital in investments to maximize the use of our capital. Selling or buying loans allows us to diversify our loan portfolio within these parameters. Due to the short-term nature of the loans the Company makes and the similarity of interest rates in loans the Company normally would invest in, the fair value of a loan typically approximates its carrying value. Accordingly, discounts or premiums typically do not apply upon sales of loans and therefore, generally no gain or loss is recorded on these transactions, regardless of whether to a related or unrelated party. Investments in real estate loans are secured by deeds of trust or mortgages. Generally, our real estate loans require interest only payments with a balloon payment of the principal at maturity. The Company has both the intent and ability to hold real estate loans until maturity and therefore, real estate loans are classified and accounted for as held for investment and are carried at amortized cost. Loans sold to or purchased from affiliates are accounted for at the principal balance and no gain or loss is recognized by us or any affiliate. Loan-to-value ratios are initially based on appraisals obtained at the time of loan origination and are updated, when new appraisals are received or when management’s assessment of the value has changed, to reflect subsequent changes in value estimates. Such appraisals are generally dated within 12 months of the date of loan origination and may be commissioned by the borrower. The Company considers a loan to be impaired when, based upon current information and events, it believes it is probable that the Company will be unable to collect all amounts due according to the contractual terms of the loan agreement. The Company’s impaired loans include troubled debt restructuring, and performing and non-performing loans in which full payment of principal or interest is not expected. The Company calculates an allowance required for impaired loans based on the present value of expected future cash flows discounted at the loan’s effective interest rate, or at the loan’s observable market price or the fair value of its collateral. Loans that have been modified from their original terms are evaluated to determine if the loan meets the definition of a Troubled Debt Restructuring (“TDR”) as defined by ASC 310-40. When the Company modifies the terms of an existing loan that is considered a TDR, it is considered performing as long as it is in compliance with the modified terms of the loan agreement. If the modification calls for deferred interest, it is recorded as interest income as cash is collected.
Allowance for Loan Losses	Allowance for Loan Losses The Company maintains an allowance for loan losses to the extent it makes investments in real estate loans for estimated credit impairment. The Company’s estimate of losses is based on a number of factors including the types and dollar amounts of loans in the portfolio, adverse situations that may affect the borrower’s ability to repay, prevailing economic conditions and the underlying collateral securing the loan. Additions to the allowance are provided through a charge to earnings and are based on an assessment of certain factors, which may indicate estimated losses on the loans. Actual losses on loans are recorded first as a reduction to the allowance for loan losses. Generally, subsequent recoveries of amounts previously charged off are recognized as income. Estimating allowances for loan losses requires significant judgment about the underlying collateral, including liquidation value, condition of the collateral, competency and cooperation of the related borrower and specific legal issues that affect loan collections or taking possession of the property. As a commercial real estate lender willing to invest in loans to borrowers who may not meet the credit standards of other financial institutional lenders, the default rate on our loans could be higher than those generally experienced in the real estate lending industry. The Company and the Advisor generally approve loans more quickly than other real estate lenders and, due to our expedited underwriting process; there is a risk that the credit inquiry performed will not reveal all material facts pertaining to a borrower and the security. Additional facts and circumstances may be discovered as the Company continues efforts in the collection and foreclosure processes. This additional information often causes management to reassess its estimates. Circumstances that may cause significant changes in our estimated allowance include, but are not limited to: · Declines in real estate market conditions, which can cause a decrease in expected market value; · Discovery of undisclosed liens for community improvement bonds, easements and delinquent property taxes; · Lack of progress on real estate developments after the Company advances funds. The Company customarily utilizes disbursement agents to monitor the progress of real estate developments and approve loan advances. After further inspection of the related property, progress on construction occasionally does not substantiate an increase in value to support the related loan advances; · Unanticipated legal or business issues that may arise subsequent to loan origination or upon the sale of foreclosed property; and · Appraisals, which are only opinions of value at the time of the appraisal, may not accurately reflect the value of the property.
Organization, Offering and Related Costs	Organization, Offering and Related Costs Certain organization, offering and related costs, including legal, accounting, printing, marketing expenses and the salaries and direct expenses of the employees of the Advisor and its affiliates, will be incurred by the Advisor on behalf of the Company. After the Company has reimbursed $100,000 of such costs, which has been paid to the Advisor, no additional reimbursements will be made unless the aggregate amount of such reimbursements does not exceed 0.75% of the gross offering proceeds as of the date of reimbursement. Prior to the commencement of our operations, such offering costs had been deferred and such deferred offering costs have been amortized to expense as offering costs over the 12 month period commencing January 1, 2013 through December 31, 2013, on a straight-line basis.
Stock-Based Compensation	Stock-Based Compensation The Company has a stock-based incentive award plan, which is accounted for under the guidance for share based payments. The expense for such awards will be included in general and administrative expenses and is recognized over the vesting period or when the requirements for exercise of the award have been met (See Note G — Stock-Based Compensation).
Income Taxes	Income Taxes The Company has elected, and operates in a manner that will allow the Company, to qualify to be taxed as a REIT under Sections 856 through 860 of the Internal Revenue Code of 1986, as amended, commencing with the taxable year ended December 31, 2013. If the Company qualifies for taxation as a REIT, it generally will not be subject to federal corporate income tax to the extent it distributes all of its REIT taxable income to its stockholders, and so long as it distributes at least 90% of its REIT taxable income. REITs are subject to a number of other organizational and operational requirements. Even if the Company qualifies to be taxed as a REIT, it may be subject to certain state and local taxes on its income and property, and federal income and excise taxes on its undistributed income.
Per Share Data	Per Share Data The Company calculates basic earnings per share by dividing net income for the period by weighted-average shares of its common stock outstanding for a respective period. Diluted earnings per share takes into account the effect of dilutive instruments, such as stock options and convertible stock, but uses the average share price for the period in determining the number of incremental shares that are to be added to the weighted-average number of shares outstanding. The Company had no outstanding common share equivalents during the year ended December 31, 2015. In September 2012, upon the commencement of our offering, we issued 1,000 shares of convertible stock to our advisor. After giving effect to the release of waivers and waiver agreements executed in August and September of 2014, all of which were previously disclosed in Form 8-Ks and prospectus supplements, the convertible stock will convert into shares of our common stock representing 3.50% of the outstanding shares of our common stock immediately preceding the conversion if and when: (a) the Company has made total distributions on the then outstanding common shares equal to the invested capital attributable to those shares plus a 6.00% cumulative, non-compounded, annual pre-tax return on such invested capital; or (b) (i) the Company lists its common shares for trading on a national securities exchange and (ii) (x) the sum of the aggregate market value of the issued and outstanding common shares plus the aggregate amount of all distributions on the Company’s common shares exceeds (y) the sum of the aggregate capital contributed by investors (less any capital returned in the form of distributions) plus an amount equal to a 6% cumulative, pre-tax non-compounded annual return to investors; or (c) the advisory agreement is terminated or not renewed, but only if at the time of such termination or non-renewal, the requirements for conversion set forth in either of the immediately preceding clause (a) or (b) also shall have been satisfied. For purposes of such calculation, the market value of our outstanding common stock will be calculated based on the average market value of the shares of common stock issued and outstanding at listing over the 30 trading days beginning 180 days after the shares are first listed for trading on a national securities exchange.
Reportable Segments	Reportable Segments The Company is currently authorized to operate two reportable segments, investments in real estate loans and investments in real property. As of December 31, 2015, the Company only operates in the investment in real property segment.
Reclassifications	Reclassifications Amounts listed in connection with assets held for sale (including liabilities related to assets held for sale), restricted cash and deposits in the 2014 consolidated financial statements have been reclassified to conform to the December 31, 2015 presentation.
Accounting and Auditing Standards Applicable to "Emerging Growth Companies"	Accounting and Auditing Standards Applicable to “Emerging Growth Companies” The Company is an “emerging growth company” under the recently enacted JOBS Act. For as long as the Company remains an “emerging growth company,” which may be up to five fiscal years, the Company is not required to (1) comply with any new or revised financial accounting standards that have different effective dates for public and private companies until those standards would otherwise apply to private companies, (2) provide an auditor’s attestation report on management’s assessment of the effectiveness of internal control over financial reporting pursuant to Section 404 of the Sarbanes-Oxley Act, (3) comply with any new requirements adopted by the Public Company Accounting Oversight Board, or the PCAOB, requiring mandatory audit firm rotation or a supplement to the auditor’s report in which the auditor would be required to provide additional information about the audit and the financial statements of the issuer or (4) comply with any new audit rules adopted by the PCAOB after April 5, 2012, unless the SEC determines otherwise. The Company intends to take advantage of such extended transition period. Since the Company will not be required to comply with new or revised accounting standards on the relevant dates on which adoption of such standards is required for other public companies, the Company’s financial statements may not be comparable to the financial statements of companies that comply with public company effective dates. If the Company were to subsequently elect to instead comply with these public company effective dates, such election would be irrevocable pursuant to Section 107 of the JOBS Act.
Non-controlling Interests	Non-controlling Interests The FASB issued authoritative guidance for non-controlling interests in December 2007, which establishes accounting and reporting standards for the non-controlling interest in a subsidiary and for the deconsolidation of a subsidiary. The guidance clarifies that a non-controlling interest in a subsidiary, which is sometimes referred to as an unconsolidated investment, is an ownership interest in the consolidated entity that should be reported as a component of equity in the consolidated financial statements. Among other requirements, the guidance requires consolidated net income to be reported at amounts attributable to both the parent and the non-controlling interest. It also requires disclosure, on the face of the consolidated income statement, of the amounts of consolidated net income attributable to the parent and to the non-controlling interest.

Investments in Real Estate (Tab

Investments in Real Estate (Tables)	12 Months Ended
	Dec. 31, 2015
Banking and Thrift [Abstract]
Schedule Of Real Estate Properties	Property Location Date Acquired Property Type Investment Amount Size / Acreage # Spaces / Units Retail /Office Square Ft. % of Portfolio ** Ft. Lauderdale 208 SE 6th St, Ft Lauderdale, FL 7/31/2013 Parking Lot / Office Bldg. $3,409,000 .75 acre 66 4,061 4.94% Memphis Court 216 Court St, Memphis, TN 8/28/2013 Parking Lot $194,000 .41 acre 37 N/A 0.28% Memphis Poplar 212 Poplar Ave, Memphis, TN 8/28/2013 Parking Lot $2,693,000 .86 acre 125 N/A 3.87% Kansas City 1130 Holmes St, Kansas City, MO 8/28/2013 Parking Lot $1,550,000 1.18 acres 164 N/A 2.25% St. Louis 1300 Spruce St, St. Louis, MO 9/4/2013 Parking Lot $4,136,000 1.22 acres 179 N/A 2.33% Mabley Place * 400 Race Street, Cincinnati, OH 12/9/2014 Parking Facility $14,700,000 .91 acre 775 8,400 21.81% Denver Sherman 1963 Sherman Street, Denver, CO 1/26/2015 Parking Lot $585,000 .14 acre 28 N/A 0.85% Ft. Worth 814 Taylor Street, Fort Worth, Texas 3/16/2015 Parking Facility $23,336,000 1.18 acres 1,013 11,828 34.17% Milwaukee Old World 822 N. Old World Third Street, Milwaukee, WI 3/31/2015 Parking Lot $1,000,000 .27 acre 54 N/A 1.45% St. Louis Convention 1010 Convention Plaza , St. Louis, MO 5/31/2015 Parking Lot $2,575,000 1.26 acres 221 N/A 3.74% Houston Saks Garage 611 Fannin Street, Houston, Tx 5/28/2015 Parking Facility $8,375,000 .36 acre 265 5,000 12.18% St. Louis Lucas Lucas Ave, St. Louis, MO 6/29/2015 Parking Lot $3,463,000 1.07 acres 217 N/A 5.04% Milwaukee Wells 215 W. Wells Street, Milwaukee, WI 6/30/2015 Parking Lot $3,900,000 .95 acre 100 N/A 5.67% Wildwood NJ Lot I 400 East Magnolia Ave, Wildwood, NJ 7/10/2015 Parking Lot $970,000 .29 acre 29 N/A 1.41% Indy City Parking Garage 120 E. Washington Street, Indianapolis, IN 10/5/15 Parking Facility $10,500,000 .44 acre 370 N/A 9.62% KC Cherry Lot 1109 Cherry Street, Kansas City, MO 10/9/15 Parking Lot $515,000 .60 acre 84 N/A 0.47% Indy WA Street 301 E. Washington Street, Indianapolis, IN 10/29/15 Parking Lot $4,995,000 1.07 acres 150 N/A 4.57% Wildwood NJ Lot II 401 E. Glenwood Ave., Wildwood, NJ 12/16/15 Parking Lot $615,000 .31 acre 450 N/A 0.56% *MVP REIT owns 70%, MVP REIT Owns 100% in all other properties. ** Based on investment amount. Property Location Zoning Height Restriction Parking Tenant Lease Commencement Date Lease Term Ft. Lauderdale 208 SE 6th St, Ft Lauderdale, FL RAC-CC 150 Feet SP+ 02/01/14 5 yr. w/2 5 yr. ext. Memphis Court 216 Court St, Memphis, TN CBD Unlimited SP+ 03/14/12 2 Years remaining Memphis Poplar 212 Poplar Ave, Memphis, TN CBD Unlimited Best Park 03/01/14 5 yr. w/2 5 yr. ext. Kansas City 1130 Holmes St, Kansas City, MO B4-5 Unlimited SP+ 03/14/12 15 Years St. Louis 1300 Spruce St, St. Louis, MO I (CBD) 200 Feet SP+ 12/01/13 5 yr. w/2 5 yr. ext. Mabley Place 400 Race Street, Cincinnati, OH DD-A 510 Feet SP+ 12/09/14 10 Years Denver Sherman 1963 Sherman Street, Denver, CO CMX-16 200 Feet Denver SD 07/01/14 10 Years w/1 5 yr. ext. Ft. Worth 814 Taylor Street, Fort Worth, Texas CBD-H Unlimited SP+ 03/16/15 10 Years Milwaukee Old World 822 N. Old World Third Street, Milwaukee, WI C9-E 40 Feet SP+ 03/31/15 5 yr. w/1 5 yr. ext. St. Louis Convention 1010 Convention Plaza, St. Louis, MO I (CBD) 200 Feet SP+ 05/13/15 5 yr. w/1 5 yr. ext. Houston Saks Garage 611 Fannin Street, Houston, Tx N/A Unlimited iPark 05/28/15 10 yr. w/1 5 yr. ext. St. Louis Lucas Lucas Ave, St. Louis, MO I (CBD) 200 Feet SP+ 06/29/15 5 yr. w/1 5 yr. ext. Milwaukee Wells 215 W. Wells Street, Milwaukee, WI C9-E 40 Feet SP+ 06/30/15 10 Years Wildwood NJ Lot* 400 East Magnolia Ave, Wildwood, NJ T/E 35 feet SP+ 1/1/16 5 yr. w/1 5 yr. ext. Indy City Parking Garage 120 E. Washington Street, Indianapolis, IN CDB-1 RC 5 Stories ABM 10/5/15 5 yr. w/1 5 yr. ext. KC Cherry Lot 1109 Cherry Street, Kansas City, MO UR Per Plan SP+ 10/9/15 5 yr. w/1 5 yr. ext. Indy WA Street 301 E. Washington Street, Indianapolis, IN CBD-2 Unlimited Denison 10/30/15 10 Years Wildwood NJ Lot II 401 E. Glenwood Ave., Wildwood, NJ T/E 35 feet SP+ 1/1/16 5 yr. w/1 5 yr. ext.

Acquisitions (Tables)

Acquisitions (Tables)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Business Combinations [Abstract]
Acquisition Date Fair Value Of The Total Consideration Transferred		Assets Cash $ 101,000 Other assets 22,000 Land and improvements 6,275,000 Building and improvements 18,521,000 Tenant improvements 165,000 Total assets transferred 25,084,000 Liabilities Accounts payable and accrued liabilities 58,000 Notes payable 14,335,000 Total liabilities transferred 14,393,000 Acquisition-date fair value of the total consideration transferred $ 10,691,000
Assets Acquired And Liabilities Assumed	Assets Liabilities Land and Improvements Building and improvements Total assets acquired Notes Payable Assumed Net assets and liabilities acquired Denver Sherman $ 585,000 $ -- $ 585,000 $ -- $ 585,000 Ft. Worth Taylor 5,834,000 17,502,000 23,336,000 12,180,000 11,156,000 Milwaukee Old World 1,000,000 -- 1,000,000 -- 1,000,000 St. Louis Convention Plaza 2,575,000 -- 2,575,000 -- 2,575,000 Houston Saks Garage 3,565,000 4,810,000 8,375,000 -- 8,375,000 St. Louis Lucas 3,463,000 -- 3,463,000 -- 3,463,000 Milwaukee Wells 3,900,000 -- 3,900,000 -- 3,900,000 Wildwood NJ Lot#1 970,000 -- 970,000 -- 970,000 Indy City Park 1,226,000 9,274,000 10,500,000 -- 10,500,000 KC Cherry Street 515,000 -- 515,000 -- 515,000 Indy WA Street 4,995,000 -- 4,995,000 -- 4,995,000 Wildwood NJ #2 615,000 -- 615,000 -- 615,000 $ 29,245,000 $ 31,586,000 $ 60,829,000 $ 12,180,000 $ 48,649,000	Assets Acquired Assets Cash received $ 1,392,000 Other assets 171,000 Land and improvements 11,200,000 Building and improvements 736,000 49% Non-controlling interest portion of Red Mountain 1,208,000 Total assets acquired 14,707,000 Liabilities Accrued liabilities 10,000 Notes payable 4,278,000 Total liabilities assumed 4,288,000 Net assets acquired $ 10,419,000
Pro Forma Consolidated Results Of Operations	For the year ended December 31, 2015 For the year ended December 31, 2014 Revenues from continuing operations $ 6,534,000 $ 4,829,000 Net income (loss) available to common stockholders $ (75,000) 545,000 Net income (loss) available to common stockholders per share – basic $ (0.01) $ 0.15 Net income (loss) available to common stockholders per share – diluted $ (0.01) $ 0.15	For the year ended December 31, 2014 For the year ended December 31, 2013 Revenues from continuing operations $ 2,494,000 $ 2,218,000 Net loss available to common stockholders $ (740,000) (3,539,000) Net loss available to common stockholders per share – basic $ (0.20) $ (3.40) Net loss available to common stockholders per share – diluted $ (0.20) $ (3.40)
Revenue And Expenses Of Acquisitions Included In Consolidated Statement Of Operations	Revenue $ 2,328,000 Expenses (3,483,000) Net loss $ (1,105,000)	Revenue $ 658,000 Expenses (546,000) Net Income $ 112,000

Assets Held For Sale (Tables)

Assets Held For Sale (Tables)	4 Months Ended	8 Months Ended	12 Months Ended
	Apr. 30, 2014	Aug. 29, 2014	Dec. 31, 2015	Dec. 31, 2014
Property, Plant and Equipment [Abstract]
Summary Of Results Of Operations Related To Assets Held For Sale	January 1, 2014 through April 30, 2014 Revenue $ 792,000 Expenses (655,000) Net Income $ 137,000	January 1, 2014 through Closing Date (July 31, 2014 and August 29, 2014) Revenue $ 1,794,000 Expenses (1,296,000) Net Income $ 498,000	For The Year Ended December 31, 2015 Revenue $ 622,000 Expenses (408,000) Net Income $ 214,000	For The Year Ended December 31, 2014 Revenue $ 1,067,000 Expenses (826,000) Net Income $ 241,000
Summary Of Net Assets Held For Sale				December 31, 2014 Assets: Current assets $ 20,000 Property and equipment, net 8,226,000 Other assets 67,000 Total assets $ 8,313,000 Liabilities: Accounts payable and accrued liabilities $ 123,000 Notes payable 4,316,000 Total liabilities 4,439,000 Net assets held for sale $ 3,874,000

Notes Payable (Tables)

Notes Payable (Tables)	12 Months Ended
	Dec. 31, 2015
Debt Disclosure [Abstract]
Future Principal Payments On The Notes Payable	2016 $ 735,000 2017 643,000 2018 676,000 2019 4,420,000 2020 627,000 Thereafter 21,610,000 Total $ 28,711,000
Schedule Of Debt	Property Location Current Loan Balance Interest Rate Loan Maturity Ft. Lauderdale 208 SE 6th St, Ft Lauderdale, FL $1,487,000 4.94% 2/1/2019 Memphis Court 216 Court St, Memphis, TN $139,000 4.94% 2/1/2019 Memphis Poplar 212 Poplar Ave, Memphis, TN $1,252,000 4.94% 2/1/2019 Kansas City 1130 Holmes St, Kansas City, MO N/A N/A N/A St. Louis 1300 Spruce St, St. Louis, MO $1,247,000 4.94% 2/1/2019 Mabley Place 400 Race Street, Cincinnati, OH $8,843,000 4.25% 12/26/2024 Denver Sherman 1963 Sherman Street, Denver, CO N/A N/A N/A Ft. Worth 814 Taylor Street, Fort Worth, Texas $11,965,000 5.59% 8/1/2021 Milwaukee Old World 822 N. Old World Third Street, Milwaukee, WI N/A N/A N/A St. Louis Convention 1010 Convention Plaza , St. Louis, MO N/A N/A N/A Houston Saks Garage 611 Fannin Street, Houston, Tx $3,616,000 4.25% N/A St. Louis Lucas Lucas Ave, St. Louis, MO N/A N/A N/A Milwaukee Wells 215 W. Wells Street, Milwaukee, WI N/A N/A N/A Wildwood NJ Lot 400 East Magnolia Ave, Wildwood, NJ N/A N/A N/A Indy Garage 120 E. Washington Street, Indianapolis, IN N/A N/A N/A KC Cherry Lot 1109 Cherry Street, Kansas City, MO N/A N/A N/A Indy Lot 301 E. Washington Street, Indianapolis, IN N/A N/A N/A Wildwood NJ Lot II 401 E. Glenwood Ave., Wildwood, NJ N/A N/A N/A Total $28,549,000

Income Tax (Tables)

Income Tax (Tables)	12 Months Ended
	Dec. 31, 2015
Income Tax Disclosure [Abstract]
Tax Treatment of Distributions	2015 2014 Ordinary $ -- $ -- Capital Gain - -- Return of Capital 4,315,000 2,016,000 $ 4,315,000 $ 2,016,000

Investments in Real Estate (Det

Investments in Real Estate (Detail) - Schedule of Real Estate Properties	12 Months Ended
	Dec. 31, 2015USD ($)aft²
Ft. Lauderdale [Member]
Location	208 SE 6th St, Ft Lauderdale, FL
Date Acquired	7/31/2013
Property Type	Parking Lot / Office Bldg.
Investment Amount | $	$ 3,409,000
Size / Acreage (ac) | a	0.75
# Spaces / Units	66
Parking Lot /Office (sq ft) | ft²	4,061
Percentage of Portfolio (%)	4.94%
Zoning	RAC-CC
Height Restriction	150 Feet
Parking Tenant	SP+
Lease Commencement Date	2/1/2014
Lease Term	5 yr. w/2 5 yr. ext.
Memphis Court [Member]
Location	216 Court St, Memphis, TN
Date Acquired	8/28/2013
Property Type	Parking Lot
Investment Amount | $	$ 194,000
Size / Acreage (ac) | a	0.41
# Spaces / Units	37
Percentage of Portfolio (%)	0.28%
Zoning	CBD
Height Restriction	Unlimited
Parking Tenant	SP+
Lease Commencement Date	3/14/2012
Lease Term	2 Years remaining
Memphis Poplar [Member]
Location	212 Poplar Ave, Memphis, TN
Date Acquired	8/28/2013
Property Type	Parking Lot
Investment Amount | $	$ 2,693,000
Size / Acreage (ac) | a	0.86
# Spaces / Units	125
Percentage of Portfolio (%)	3.87%
Zoning	CBD
Height Restriction	Unlimited
Parking Tenant	Best Park
Lease Commencement Date	3/1/2014
Lease Term	5 yr. w/2 5 yr. ext.
Kansas City [Member]
Location	1130 Holmes St, Kansas City, MO
Date Acquired	8/28/2013
Property Type	Parking Lot
Investment Amount | $	$ 1,550,000
Size / Acreage (ac) | a	1.18
# Spaces / Units	164
Percentage of Portfolio (%)	2.25%
Zoning	B4-5
Height Restriction	Unlimited
Parking Tenant	SP+
Lease Commencement Date	3/14/2012
Lease Term	15 Years
St. Louis [Member]
Location	1300 Spruce St, St. Louis, MO
Date Acquired	9/4/2013
Property Type	Parking Lot
Investment Amount | $	$ 4,136,000
Size / Acreage (ac) | a	1.22
# Spaces / Units	179
Percentage of Portfolio (%)	2.33%
Zoning	I (CBD)
Height Restriction	200 Feet
Parking Tenant	SP+
Lease Commencement Date	12/1/2013
Lease Term	5 yr. w/2 5 yr. ext.
Mabley Place [Member]
Location	400 Race Street, Cincinnati, OH
Date Acquired	12/9/2014
Property Type	Parking Facility
Investment Amount | $	$ 14,700,000
Size / Acreage (ac) | a	0.91
# Spaces / Units	775
Parking Lot /Office (sq ft) | ft²	8,400
Percentage of Portfolio (%)	21.81%
Zoning	DD-A
Height Restriction	510 Feet
Parking Tenant	SP+
Lease Commencement Date	12/9/2014
Lease Term	10 Years
Denver Sherman [Member]
Location	1963 Sherman Street, Denver, CO
Date Acquired	1/26/2015
Property Type	Parking Lot
Investment Amount | $	$ 585,000
Size / Acreage (ac) | a	0.14
# Spaces / Units	28
Percentage of Portfolio (%)	0.85%
Zoning	CMX16
Height Restriction	200 Feet
Parking Tenant	Denver SD
Lease Commencement Date	7/1/2014
Lease Term	10 Years w/1 5 yr. ext.
Ft. Worth Taylor [Member]
Location	814 Taylor Street, Fort Worth, Texas
Date Acquired	3/16/2015
Property Type	Parking Facility
Investment Amount | $	$ 23,336,000
Size / Acreage (ac) | a	1.18
# Spaces / Units	1,013
Parking Lot /Office (sq ft) | ft²	11,828
Percentage of Portfolio (%)	34.17%
Zoning	CBD-H
Height Restriction	Unlimited
Parking Tenant	SP+
Lease Commencement Date	3/16/2015
Lease Term	10 Years
Milwaukee Old World [Member]
Location	822 N. Old World Third Street, Milwaukee, WI
Date Acquired	3/31/2015
Property Type	Parking Lot
Investment Amount | $	$ 1,000,000
Size / Acreage (ac) | a	0.27
# Spaces / Units	54
Percentage of Portfolio (%)	1.45%
Zoning	C9-E
Height Restriction	40 Feet
Parking Tenant	SP+
Lease Commencement Date	3/31/2015
Lease Term	5 yr. w/1 5 yr. ext.
St. Louis Convention Plaza [Member]
Location	1010 Convention Plaza , St. Louis, MO
Date Acquired	5/31/2015
Property Type	Parking Lot
Investment Amount | $	$ 2,575,000
Size / Acreage (ac) | a	1.26
# Spaces / Units	221
Percentage of Portfolio (%)	3.74%
Zoning	I (CBD)
Height Restriction	200 Feet
Parking Tenant	SP+
Lease Commencement Date	5/13/2015
Lease Term	5 yr. w/1 5 yr. ext.
Houston Saks Garage [Member]
Location	611 Fannin Street, Houston, Tx
Date Acquired	5/28/2015
Property Type	Parking Facility
Investment Amount | $	$ 8,375,000
Size / Acreage (ac) | a	0.36
# Spaces / Units	265
Parking Lot /Office (sq ft) | ft²	5,000
Percentage of Portfolio (%)	12.18%
Zoning	N/A
Height Restriction	Unlimited
Parking Tenant	iPark
Lease Commencement Date	5/28/2015
Lease Term	10 yr. w/1 5 yr. ext.
St. Louis Lucas [Member]
Location	Lucas Ave, St. Louis, MO
Date Acquired	6/29/2015
Property Type	Parking Lot
Investment Amount | $	$ 3,463,000
Size / Acreage (ac) | a	1.07
# Spaces / Units	217
Percentage of Portfolio (%)	5.04%
Zoning	I (CBD)
Height Restriction	200 Feet
Parking Tenant	SP+
Lease Commencement Date	6/29/2015
Lease Term	5 yr. w/1 5 yr. ext.
Milwaukee Wells [Member]
Location	215 W. Wells Street, Milwaukee, WI
Date Acquired	6/30/2015
Property Type	Parking Lot
Investment Amount | $	$ 3,900,000
Size / Acreage (ac) | a	0.95
# Spaces / Units	100
Percentage of Portfolio (%)	5.67%
Zoning	C9-E
Height Restriction	40 Feet
Parking Tenant	SP+
Lease Commencement Date	6/30/2015
Lease Term	10 Years
Wildwood NJ Lot [Member]
Location	400 East Magnolia Ave, Wildwood, NJ
Date Acquired	7/10/2015
Property Type	Parking Lot
Investment Amount | $	$ 970,000
Size / Acreage (ac) | a	0.29
# Spaces / Units	29
Percentage of Portfolio (%)	1.41%
Zoning	T/E
Height Restriction	35 feet
Parking Tenant	SP+
Lease Commencement Date	1/1/2016
Lease Term	5 yr. w/1 5 yr. ext.
Indy City Parking Garage [Member]
Location	120 E. Washington Street, Indianapolis, IN
Date Acquired	10/5/2015
Property Type	Parking Facility
Investment Amount | $	$ 10,500,000
Size / Acreage (ac) | a	0.44
# Spaces / Units	370
Percentage of Portfolio (%)	9.62%
Zoning	CDB-1 RC
Height Restriction	5 Stories
Parking Tenant	ABM
Lease Commencement Date	10/5/2015
Lease Term	5 yr. w/1 5 yr. ext.
KC Cherry Lot [Member]
Location	1109 Cherry Street, Kansas City, MO
Date Acquired	10/9/2015
Property Type	Parking Lot
Investment Amount | $	$ 515,000
Size / Acreage (ac) | a	0.6
# Spaces / Units	84
Percentage of Portfolio (%)	0.47%
Zoning	UR
Height Restriction	Per Plan
Parking Tenant	SP+
Lease Commencement Date	10/9/2015
Lease Term	5 yr. w/1 5 yr. ext.
Indy WA Street [Member]
Location	301 E. Washington Street, Indianapolis, IN
Date Acquired	10/29/2015
Property Type	Parking Lot
Investment Amount | $	$ 4,995,000
Size / Acreage (ac) | a	1.07
# Spaces / Units	150
Percentage of Portfolio (%)	4.57%
Zoning	CBD2
Height Restriction	Unlimited
Parking Tenant	Denison
Lease Commencement Date	10/30/2015
Lease Term	10 Years
Wildwood NJ Lot II [Member]
Location	401 E. Glenwood Ave., Wildwood, NJ
Date Acquired	12/16/2015
Property Type	Parking Lot
Investment Amount | $	$ 615,000
Size / Acreage (ac) | a	0.31
# Spaces / Units	450
Percentage of Portfolio (%)	0.56%
Zoning	T/E
Height Restriction	35 feet
Parking Tenant	SP+
Lease Commencement Date	1/1/2016
Lease Term	5 yr. w/1 5 yr. ext.

Acquisitions (Detail) - Assets

Acquisitions (Detail) - Assets Acquired And Liabilities Assumed 2015 - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Assets
Land and improvements		$ 11,200,000
Building and improvements		736,000
Total assets acquired		14,707,000
Liabilities
Net assets and liabilities acquired		$ 10,419,000
Denver Sherman [Member]
Assets
Land and improvements	$ 585,000
Building and improvements
Total assets acquired	$ 585,000
Liabilities
Notes Payable Assumed
Net assets and liabilities acquired	$ 585,000
Ft. Worth Taylor [Member]
Assets
Land and improvements	5,834,000
Building and improvements	17,502,000
Total assets acquired	23,336,000
Liabilities
Notes Payable Assumed	12,180,000
Net assets and liabilities acquired	11,156,000
Milwaukee Old World [Member]
Assets
Land and improvements	$ 1,000,000
Building and improvements
Total assets acquired	$ 1,000,000
Liabilities
Notes Payable Assumed
Net assets and liabilities acquired	$ 1,000,000
St. Louis Convention Plaza [Member]
Assets
Land and improvements	$ 2,575,000
Building and improvements
Total assets acquired	$ 2,575,000
Liabilities
Notes Payable Assumed
Net assets and liabilities acquired	$ 2,575,000
Houston Saks Garage [Member]
Assets
Land and improvements	3,565,000
Building and improvements	4,810,000
Total assets acquired	$ 8,375,000
Liabilities
Notes Payable Assumed
Net assets and liabilities acquired	$ 8,375,000
St. Louis Lucas [Member]
Assets
Land and improvements	$ 3,463,000
Building and improvements
Total assets acquired	$ 3,463,000
Liabilities
Notes Payable Assumed
Net assets and liabilities acquired	$ 3,463,000
Milwaukee Wells [Member]
Assets
Land and improvements	$ 3,900,000
Building and improvements
Total assets acquired	$ 3,900,000
Liabilities
Notes Payable Assumed
Net assets and liabilities acquired	$ 3,900,000
Wildwood NJ Lot#1 [Member]
Assets
Land and improvements	$ 970,000
Building and improvements
Total assets acquired	$ 970,000
Liabilities
Notes Payable Assumed
Net assets and liabilities acquired	$ 970,000
Indy City Park [Member]
Assets
Land and improvements	1,226,000
Building and improvements	9,274,000
Total assets acquired	$ 10,500,000
Liabilities
Notes Payable Assumed
Net assets and liabilities acquired	$ 10,500,000
KC Cherry Street [Member]
Assets
Land and improvements	$ 515,000
Building and improvements
Total assets acquired	$ 515,000
Liabilities
Notes Payable Assumed
Net assets and liabilities acquired	$ 515,000
Indy WA Street [Member]
Assets
Land and improvements	$ 4,995,000
Building and improvements
Total assets acquired	$ 4,995,000
Liabilities
Notes Payable Assumed
Net assets and liabilities acquired	$ 4,995,000
Wildwood NJ #2 [Member]
Assets
Land and improvements	$ 615,000
Building and improvements
Total assets acquired	$ 615,000
Liabilities
Notes Payable Assumed
Net assets and liabilities acquired	$ 615,000
Total [Member]
Assets
Land and improvements	29,245,000
Building and improvements	31,586,000
Total assets acquired	60,829,000
Liabilities
Notes Payable Assumed	12,180,000
Net assets and liabilities acquired	$ 48,649,000

Acquisitions (Detail) - Pro For

Acquisitions (Detail) - Pro Forma Consolidated Results Of Operations 2015 - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Business Combinations [Abstract]
Revenues from continuing operations	$ 6,534,000	$ 4,829,000
Net income (loss) available to common stockholders	$ (75,000)	$ 545,000
Net income (loss) available to common stockholders per share - basic	$ (0.01)	$ 0.15
Net income (loss) available to common stockholders per share - diluted	$ (0.01)	$ 0.15

Acquisitions (Detail) - Revenue

Acquisitions (Detail) - Revenue And Expenses Of Acquisitions Included In Consolidated Statement Of Operations 2015 - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Business Combinations [Abstract]
Revenue	$ 2,328,000	$ 658,000
Expenses	(3,483,000)	(546,000)
Net loss	$ (1,105,000)	$ 112,000

Acquisitions (Detail) - Acquisi

Acquisitions (Detail) - Acquisition Date Fair Value Of The Total Consideration Transferred - USD ($)	Dec. 31, 2014	Apr. 30, 2014
Assets
Cash	$ 1,392,000
Other assets	171,000
Land and improvements	11,200,000
Building and improvements	736,000
Total assets transferred	14,707,000
Liabilities
Notes payable	4,278,000
Total liabilities transferred	4,288,000
Acquisition-date fair value of the total consideration transferred	$ 10,419,000
Fair Value Transferred [Member]
Assets
Cash		$ 101,000
Other assets		23,000
Land and improvements		6,275,000
Building and improvements		18,521,000
Tenant improvements		165,000
Total assets transferred		25,085,000
Liabilities
Accounts payable and accrued liabilities		58,000
Notes payable		14,335,000
Total liabilities transferred		14,393,000
Acquisition-date fair value of the total consideration transferred		$ 10,692,000

Acquisitions (Detail) - Asset31

Acquisitions (Detail) - Assets Acquired And Liabilities Assumed 2014	Dec. 31, 2014USD ($)
Assets
Cash received	$ 1,392,000
Other assets	171,000
Land and improvements	11,200,000
Building and improvements	736,000
49% Non-controlling interest portion of Red Mountain	1,208,000
Total assets acquired	14,707,000
Liabilities
Accrued liabilities	10,000
Notes payable	4,278,000
Total liabilities assumed	4,288,000
Net assets acquired	$ 10,419,000

Acquisitions (Detail) - Pro F32

Acquisitions (Detail) - Pro Forma Consolidated Results Of Operations 2014 - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Revenues from continuing operations	$ 6,534,000	$ 4,829,000
Net loss available to common stockholders	$ (75,000)	$ 545,000
Net loss available to common stockholders per share - basic	$ (0.01)	$ 0.15
Net loss available to common stockholders per share - diluted	$ (0.01)	$ 0.15
2014 Properties [Member]
Revenues from continuing operations		$ 2,494,000
Net loss available to common stockholders		$ (740,000)
Net loss available to common stockholders per share - basic		$ (0.2)
Net loss available to common stockholders per share - diluted		$ (0.2)
2013 Properties [Member]
Revenues from continuing operations			$ 2,218,000
Net loss available to common stockholders			$ (3,539,000)
Net loss available to common stockholders per share - basic			$ (3.4)
Net loss available to common stockholders per share - diluted			$ (3.4)

Acquisitions (Detail) - Reven33

Acquisitions (Detail) - Revenue And Expenses Of Acquisitions Included In Consolidated Statement Of Operations 2014 - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Business Combinations [Abstract]
Revenue	$ 2,328,000	$ 658,000
Expenses	(3,483,000)	(546,000)
Net loss	$ (1,105,000)	$ 112,000

Assets Held For Sale (Detail) -

Assets Held For Sale (Detail) - Summary Of Results Of Operations Related To Assets Held For Sale - USD ($)	4 Months Ended	8 Months Ended	12 Months Ended
	Apr. 30, 2014	Aug. 29, 2014	Dec. 31, 2015	Dec. 31, 2014
Property, Plant and Equipment [Abstract]
Revenue	$ 792,000	$ 1,794,000	$ 622,000	$ 1,067,000
Expenses	(655,000)	(1,296,000)	(408,000)	(826,000)
Net Income	$ 137,000	$ 498,000	$ 214,000	$ 241,000

Assets Held For Sale (Detail)35

Assets Held For Sale (Detail) - Summary Of Net Assets Held For Sale	Dec. 31, 2014USD ($)
Assets:
Current assets	$ 20,000
Property and equipment	8,226,000
Other assets	67,000
Total assets	8,313,000
Liabilities:
Accounts payable and accrued liabilities	123,000
Notes payable	4,316,000
Total liabilities	4,439,000
Net assets held for sale	$ 3,874,000

Notes Payable (Detail) - Future

Notes Payable (Detail) - Future Principal Payments On The Notes Payable	Dec. 31, 2015USD ($)
2016 [Member]
Principal Payments	$ 735,000
2017 [Member]
Principal Payments	643,000
2018 [Member]
Principal Payments	676,000
2019 [Member]
Principal Payments	4,420,000
2020 [Member]
Principal Payments	627,000
Thereafter [Member]
Principal Payments	21,610,000
Total [Member]
Principal Payments	$ 28,711,000

Notes Payable (Detail) - Schedu

Notes Payable (Detail) - Schedule of Debt - USD ($)	1 Months Ended						12 Months Ended
	Aug. 31, 2015	Mar. 31, 2015	Dec. 31, 2014	Jan. 31, 2014	Sep. 30, 2013	Mar. 31, 2013	Dec. 31, 2015
Interest Rate	4.25%	5.59%	4.25%	4.94%	4.35%	4.66%
Loan Maturity	Aug. 31, 2025	Aug. 31, 2021	Dec. 31, 2024	Feb. 28, 2019	Oct. 31, 2020	Apr. 30, 2023
Ft. Lauderdale [Member]
Location							208 SE 6th St, Ft Lauderdale, FL
Current Loan Balance							$ 1,487,000
Interest Rate							4.94%
Loan Maturity							Feb. 1, 2019
Memphis Court [Member]
Location							216 Court St, Memphis, TN
Current Loan Balance							$ 139,000
Interest Rate							4.94%
Loan Maturity							Feb. 1, 2019
Memphis Poplar [Member]
Location							212 Poplar Ave, Memphis, TN
Current Loan Balance							$ 1,252,000
Interest Rate							4.94%
Loan Maturity							Feb. 1, 2019
Kansas City [Member]
Location							1130 Holmes St, Kansas City, MO
St. Louis [Member]
Location							1300 Spruce St, St. Louis, MO
Current Loan Balance							$ 1,247,000
Interest Rate							4.94%
Loan Maturity							Feb. 1, 2019
Mabley Place [Member]
Location							400 Race Street, Cincinnati, OH
Current Loan Balance							$ 8,843,000
Interest Rate							4.25%
Loan Maturity							Dec. 26, 2024
Denver Sherman [Member]
Location							1963 Sherman Street, Denver, CO
Ft. Worth [Member]
Location							814 Taylor Street, Fort Worth, Texas
Current Loan Balance							$ 11,965,000
Interest Rate							5.59%
Loan Maturity							Aug. 1, 2021
Milwaukee Old World [Member]
Location							822 N. Old World Third Street, Milwaukee, WI
St. Louis Convention [Member]
Location							1010 Convention Plaza , St. Louis, MO
Houston Saks Garage [Member]
Location							611 Fannin Street, Houston, Tx
Current Loan Balance							$ 3,616,000
Interest Rate							4.25%
St. Louis Lucas [Member]
Location							Lucas Ave, St. Louis, MO
Milwaukee Wells [Member]
Location							215 W. Wells Street, Milwaukee, WI
Wildwood NJ Lot [Member]
Location							400 East Magnolia Ave, Wildwood, NJ
Indy Garage [Member]
Location							120 E. Washington Street, Indianapolis, IN
KC Cherry Lot [Member]
Location							1109 Cherry Street, Kansas City, MO
Indy Lot [Member]
Location							301 E. Washington Street, Indianapolis, IN
Wildwood NJ II [Member]
Location							401 E. Glenwood Ave., Wildwood, NJ
Total [Member]
Current Loan Balance							$ 28,549,000

Income Tax (Detail) - Tax Treat

Income Tax (Detail) - Tax Treatment of Distributions - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Income Tax Disclosure [Abstract]
Ordinary Income
Capital Gain
Return Of Capital	$ 4,315,000	$ 2,016,000
Total	$ 4,315,000	$ 2,016,000

Organization, Proposed Busine39

Organization, Proposed Business Operations and Capitalization (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Shares Outstanding	11,002,902
Common Stock, Par or Stated Value Per Share	$ 0.001	$ 0.001
Distribution Reinvestment Plan, share value	$ 50,000,000
Shares Sold, net of commissions, value	97,300,000
Share Value Used to Buy Property	$ 19,500,000
Non Voting Non Participating Convertible Stock Value
Shares Outstanding	1,000
Common Stock, Par or Stated Value Per Share	$ 0.001	$ 0.001

Summary of Significant Accoun40

Summary of Significant Accounting Policies (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Acquisition expenses	$ 678,000	$ 235,000
Acquisition expenses - related party	$ 2,649,000	1,898,000
Federal Deposit Insurance Company (FDIC) Insurance Limit	The balances are insured by the Federal Deposit Insurance Corporation under the same ownership category up to at least $250,000.
Cash In Excess Of The Federally Insured Limits	$ 9,100,000	$ 13,300,000
Advertising Costs
Investment In Real Property [Member]
Concentration Risk Percentage	100.00%

Related Party Transactions an41

Related Party Transactions and Arrangements (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Accounting fees	$ 140,000	$ 13,000
Commissions Paid	$ 600,000
Shares Outstanding	11,002,902
Debt Financing Fees	$ 66,000	$ 29,000
Disposition Fees
Non Voting Non Participating Convertible Stock Value
Shares Outstanding	1,000
VRM I [Member]
Shares Outstanding	71,112
VF III [Member]
Shares Outstanding	34,297
JNL Parking [Member]
Shares Outstanding	40,857
Advisor [Member] | Non Voting Non Participating Convertible Stock Value
Shares Outstanding	1,000

Stock-Based Compensation (Detai

Stock-Based Compensation (Details Narrative)	12 Months Ended
	Dec. 31, 2015shares
Equity [Abstract]
Stock Options Granted Percentage Limit	10.00%
Aggregate Maximum Number of Shares Under Incentive Plan	300,000

Acquisitions (Details Narrative

Acquisitions (Details Narrative)	12 Months Ended
	Dec. 31, 2015USD ($)aft²	Dec. 31, 2014USD ($)
Rental revenue	$ 4,650,000	$ 658,000
2014 Acquisitions
Guaranteed Real Estate Rate of Return - Related Parties		7.50%
Acquisition expense - related party		$ 1,336,000
VRM I [Member]
2014 Acquisitions
Acquisition expense - related party		200,000
VRM II [Member]
2014 Acquisitions
Acquisition expense - related party		$ 300,000
Denver Sherman [Member]
Date of Acquisition	Jan. 26, 2015
Purchase Price	$ 600,000
Size / Acreage (ac) | a	0.14
# Spaces / Units	28
Assumption of Existing Financing, amount	$ 12,200,000
Assumption of Existing Financing, interest rate	5.59%
Assumption of Existing Financing, maturity date	Aug. 31, 2021
Lease Arrangement	The parking lot is leased to the City of Denver School District Number 1.
Ft. Worth Taylor [Member]
Date of Acquisition	Mar. 16, 2015
Purchase Price	$ 23,300,000
Parking Lot /Office (sq ft) | ft²	11,828
# Spaces / Units	1,013
Lease Arrangement	The parking garage is leased to SP Plus Corporation.
Milwaukee Old World [Member]
Date of Acquisition	Mar. 31, 2015
Purchase Price	$ 1,000,000
# Spaces / Units	54
St. Louis Convention Plaza [Member]
Date of Acquisition	May 13, 2015
Purchase Price	$ 2,600,000
Parking Lot /Office (sq ft) | ft²	55,021
# Spaces / Units	221
Lease Arrangement	The parking garage is leased to SP Plus Corporation.
Houston Saks Garage [Member]
Date of Acquisition	May 28, 2015
Purchase Price	$ 8,400,000
Parking Lot /Office (sq ft) | ft²	90,750
# Spaces / Units	265
Lease Arrangement	The parking garage is leased to iPark Services, LLC.
St. Louis Lucas [Member]
Date of Acquisition	Jun. 29, 2015
Purchase Price	$ 3,500,000
Parking Lot /Office (sq ft) | ft²	46,683
# Spaces / Units	217
Rental revenue	$ 220,000
Lease Arrangement	The parking lot is leased by SP Plus Corporation under a NN lease, whereby the Company is responsible to pay property taxes. SP Plus pays annual rent of $220,000. In addition, the lease provides revenue participation with MVP receiving 65% of gross receipts between $325,000 and $395,000 and 50% of Gross Receipts in excess of $395,001. The term of the lease is for 5 years.
Milwaukee Wells [Member]
Date of Acquisition	Jun. 30, 2015
Purchase Price	$ 3,900,000
Parking Lot /Office (sq ft) | ft²	41,487
# Spaces / Units	100
Rental revenue	$ 280,000
Lease Arrangement	The parking lot is leased by PCAM, LLC, an independent parking operator, under a NNN lease. PCAM pays annual rent of $280,000. In addition, the lease provides revenue participation with MVP receiving 50% of gross receipts over a contractual threshold of $710,000. The term of the lease is for 10 years. As additional consideration for the purchase of the parking lot, the Company and PCAM have entered into a participation agreement, wherein, PCAM shall be entitled to 25% of the net proceeds in excess of $3.9 million in cash upon sale of property.
Wildwood NJ Lot [Member]
Date of Acquisition	Jul. 10, 2015
Purchase Price	$ 1,000,000
Parking Lot /Office (sq ft) | ft²	11,250
# Spaces / Units	29
Wildwood NJ Lot [Member] | "parking lot #2" [Member]
Date of Acquisition	Dec. 16, 2015
Purchase Price	$ 600,000
Parking Lot /Office (sq ft) | ft²	13,500
# Spaces / Units	46
Indy City Parking Garage [Member]
Date of Acquisition	Oct. 5, 2015
Purchase Price	$ 10,500,000
Parking Lot /Office (sq ft) | ft²	52,650
# Spaces / Units	370
Lease Arrangement	The parking garage will be leased by ABM Onsite Services - Midwest, Inc., a subsidiary of ABM Industries, Inc., which trades on the New York Stock Exchange as ticker symbol "ABM".
KC Cherry Lot [Member]
Date of Acquisition	Oct. 9, 2015
Purchase Price	$ 515,000
Parking Lot /Office (sq ft) | ft²	26,304
# Spaces / Units	84
Lease Arrangement	The parking lot will be leased by SP Plus Corporation ("SP Plus"), a national parking operator.
Indy WA Street [Member]
Date of Acquisition	Oct. 29, 2015
Purchase Price	$ 5,000,000
Parking Lot /Office (sq ft) | ft²	46,403
# Spaces / Units	149
Lease Arrangement	The parking lot will be leased by Denison Parking Inc., an Indianapolis parking operator.

Assets held for sale (Details N

Assets held for sale (Details Narrative) - USD ($)	May. 06, 2015	Oct. 29, 2015
Storage Unit in Nevada [Member]
Proceeds from Sale	$ 5,400,000
Proceeds Used to Pay Promissory Note	$ 2,600,000
Storage Unit in Cedar Park, TX [Member]
Proceeds from Sale		$ 4,300,000
Proceeds Used to Pay Promissory Note		2,600,000
Gain/Loss on Sale		$ 1,000,000

Notes Payable (Details Narrativ

Notes Payable (Details Narrative) - USD ($)	1 Months Ended						12 Months Ended
	Aug. 31, 2015	Mar. 31, 2015	Dec. 31, 2014	Jan. 31, 2014	Sep. 30, 2013	Mar. 31, 2013	Dec. 31, 2015	Dec. 31, 2014
Debt Disclosure [Abstract]
Face Amount of Note	$ 3,700,000	$ 12,200,000	$ 9,000,000	$ 4,300,000	$ 2,700,000	$ 1,800,000		$ 9,000,000
Term		10 years			7 years
Interest Rate, Stated Percentage	4.25%	5.59%	4.25%	4.94%	4.35%	4.66%		4.25%
Collateral	by real property located in Houston, Texas	collateralized by real property located in Ft. Worth, Texas	is secured by the property	secured by four parking facilities	collateralized by real property located in Las Vegas, Nevada	collateralized by real property located in Cedar Park, Texas
Frequency of Periodic Payment	Monthly	Monthly	Monthly	Monthly	Monthly	Monthly
Periodic Payment	$ 30,000	$ 78,000	$ 44,000	$ 25,000	$ 15,000	$ 10,000
Maturity Date	Aug. 31, 2025	Aug. 31, 2021	Dec. 31, 2024	Feb. 28, 2019	Oct. 31, 2020	Apr. 30, 2023
Lump Sum Payment						$ 1,300,000
Debt Redemption					This loan was paid in full in May 2015 through the sale of the property.
Interest Expense							$ 1,300,000	$ 100,000

Subsequent Events (Details Narr

Subsequent Events (Details Narrative)	1 Months Ended
	Mar. 28, 2016	Feb. 29, 2016	Jan. 31, 2016
Repurchase Request [Member]
Event Date	Mar. 28, 2016
Event Description	As of the date of this filing, the Company has received additional requests for repurchase of 16,469 shares which exceed the amount allowable for 2015 repurchase by $147,144. April 2016 will be the next date shares are available for repurchase.
Joint Venture [Member]
Event Date			Jan. 2, 2016
Event Description			On January 2, 2016, the Company has entered into a joint venture with MVP REIT II, Inc. to purchase the membership interests of an entity that owns two parking lots located in Minneapo1is for a purchase price of approximately $15,495,000 plus closing costs. The purchase shall be accomplished through a limited liability company owned jointly by the Company and MVP REIT II, Inc (collectively, "MVP"). The Company's share of the purchase price is approximately $13,495,000 plus closing costs and the Company will own a 87.09% interest in the limited liability company. The first parking lot is located at 1022 Hennepin Avenue (the "Hennepin lot"). The Hennepin lot consists of approximately 90,658 square feet and has approximately 270 parking spaces. The second parking lot is located at 41 10th Street North (the "10th Street lot"). The 10th street lot consists of approximately 107,952 square feet and has approximately 185 parking spaces. Both the Hennepin lot and 10th Street lot will be leased by SP Plus, a Delaware parking operator, under a net lease agreement where MVP will be responsible for property taxes and SP Plus will pay for all insurance and maintenance costs.
Closed On The Purchase [Member]
Event Date			Jan. 15, 2016
Event Description			On January 15, 2016, the Company through its wholly owned entity MVP Indianapolis Meridian Lot, LLC, a Nevada limited liability company, Closed On The Purchase of a parking lot for approximately $1.665 million. The property is located at 239 S. Meridian Street, Indianapolis, Indiana (the "parking lot"). The parking lot consists of approximately 10,290 square feet and has approximately 39 parking spaces. The parking lot is leased to Denison Parking, Inc., an Indianapolis parking operator.
Purchased A Parking Lot [Member]
Event Date		Feb. 1, 2016
Event Description		On February 1, 2016, the Company purchased a parking lot for approximately $3.9 million in cash. The property is located at 1124 N. Old World Third Street, Milwaukee, Wisconsin (the "parking lot"). The parking lot consists of 38,606.50 square feet and has 75 parking spaces. The parking lot is leased by SP Plus Corporation ("SP Plus"), a national parking operator.
Two Loans [Member]
Event Date			Jan. 20, 2016
Event Description			On January 20, 2016, MVP REIT, INC ("MVP") through various wholly owned subsidiaries entered into two loans with Keybank. The first loan is an $8,580,000 loan secured by the following properties in Indianapolis: 110-120 E. Washington Street, and 301 E. Washington Street. The loan has a term of 10 years, is amortized over 25 years and has an interest rate of 4.59% per annum. The second loan is a $3,490,000 loan secured by the following properties in Missouri: 1010 Convention Plaza, St. Louis, 901, 909, 925 Lucas Avenue and 900, 908, 910 & 916 Convention Plaza, St. Louis and 1109 Cherry Street, Kansas City. The loan has a term of 10 years, is amortized over 25 years and has an interest rate of 4.59% per annum.
Purchase Of A Parking Lot [Member]
Event Date		Feb. 9, 2016
Event Description		On February 9, 2016, the Company through its wholly owned entity MVP Clarksburg Lot, LLC, a Nevada limited liability company closed on the purchase of a parking lot for approximately $0.6 million in cash. The parking lot is located at 327 Washington Avenue, Clarksburg, West Virginia 26301 (the "parking lot"). The parking lot is leased by ABM Parking Services Inc. ("ABM"), a national parking operator.
Closed On The Purchase Of A Parking Lot [Member]
Event Date		Feb. 12, 2016
Event Description		On February 12, 2016, the Company along with MVP REIT II through MVP Denver 1935 Sherman, LLC, ("MVP Denver"), a Nevada limited liability company, an entity owned 75.51% by MVP and 24.49% by MVPII, closed on the purchase of a parking lot for approximately $2.4 million in cash of which MVP's share was approximately $1.8 million. The parking lot is located at 1935 Sherman Avenue, Denver, Colorado (the "Denver parking lot"). The Denver parking lot is leased by SP Plus Corporation.
Closed On The Purchase Of A Parking Lot Clybourn [Member]
Event Date			Jan. 20, 2016
Event Description			On January 20, 2016, the Company through its wholly owned entity MVP Milwaukee Clybourn, LLC, a Nevada limited liability company, closed on the purchase of a parking lot for approximately $0.2 million. The property is located at 412 E. Clybourn Street, Milwaukee, Wisconsin. The parking lot consists of 15 parking spaces and is leased to Secure Parking USA, LLC.
Purchased A Parking Lot Old World Third Street [Member]
Event Date		Feb. 1, 2016
Event Description		On February 1, 2016, the Company purchased a parking lot for approximately $3.9 million in cash. The property is located at 1124 N. Old World Third Street, Milwaukee, Wisconsin (the "Wisconsin parking lot"). The parking lot consists of 38,606.50 square feet and has 75 parking spaces. The Wisconsin parking lot is leased by SP Plus Corporation.
Purchase and Sale Agreement [Member]
Event Date		Feb. 19, 2016
Event Description		On February 19, 2016, MVP REIT, Inc., through its wholly owned entity, MVP Bridgeport Fairfield Garage, LLC, a Delaware limited liability company, as purchaser, entered into a Purchase and Sale Agreement (the "Purchase Agreement") with Fairfield Avenue Parking Corporation, a Connecticut corporation, or seller, and First American Title Insurance Company, as escrow agent, for the purchase of a multi-level parking garage consisting of approximately 878 parking spaces, together with approximately 4,349 square feet of retail space, located in Bridgeport, Connecticut, for a purchase price of $7.8 million, plus closing costs.
Appointed Dan Huberty As Its New President [Member]
Event Date	Mar. 7, 2016
Event Description	On March 7, 2016 the Board of Directors Appointed Dan Huberty As Its New President. Since January 2015, Mr. Huberty has been the Vice President at JNL Parking, in charge of sales and acquisitions. In addition, since July 2015, he has served as Vice President of Parking Operations for MVP. Prior to his position at JNL Parking, Mr. Huberty served as Senior Vice President of Sales for Central Parking from October 2011 to September 2012. Then from October 2012 till November 2014, he served as Executive Vice President of Operations for SP +, where he oversaw the southern division for the company after helping complete the sale and integration of Central Parking. Prior to that, from July 2009 to September 2011, Mr. Huberty served as a Vice President for Clean Energy Fuels, the largest provider of Compressed Natural Gas in the Country. Mr. Huberty also spent 16 years, from August 1993 to June 2009, with increasing responsibility over operations and sales within the Parking Division at ABM Industries as a Vice President, where he built and ran the sales team for his last two years with ABM. Mr. Huberty received his BBA from Cleveland State University and his MBA from the University of Phoenix, and currently serves as a State Representative in the State of Texas.
Resignation Of Fredrick Leavitt [Member]
Event Date		Feb. 19, 2016
Event Description		On February 19, 2016, the Board of Directors of MVP REIT, Inc. accepted the resignation of Fredrick Leavitt as a director. The Board has decided, at this time, not to fill the vacancy.