Mobile Infrastructure (MBIC) 10-K 5 Mar 19 2018 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2018	Mar. 05, 2019
Document And Entity Information
Entity Registrant Name	Parking REIT, Inc.
Entity Central Index Key	1,642,985
Document Type	10-K
Document Period End Date	Dec. 31, 2018
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
Is Entity Emerging Growth Company?	true
Elected Not To Use the Extended Transition Period	true
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Public Float		$ 0
Entity Common Stock, Shares Outstanding		6,550,200
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2,018
Entity Shell Company	false

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Dec. 31, 2018	Dec. 31, 2017
Investments in real estate
Land and improvements	$ 142,607,000	$ 131,169,000
Buildings and improvements	170,206,000	153,456,000
Construction in progress	1,872,000	750,000
Software	63,000
Intangible Assets	2,288,000	2,427,000
[us-gaap:RealEstateInvestmentPropertyAtCost]	317,036,000	287,802,000
Accumulated depreciation	(7,131,000)	(2,231,000)
Total investments in real estate, net	309,905,000	285,571,000
Assets held for sale		6,543,000
Cash	5,106,000	8,501,000
Cash - restricted	4,329,000	8,229,000
Prepaid expenses	616,000	184,000
Accounts receivable	712,000	409,000
Investment in DST	2,821,000	2,821,000
Deposits		675,000
Due from related parties	3,000
Other assets	79,000	10,000
Total assets	323,571,000	312,943,000
Liabilities
Notes payable, net of unamortized loan issuance costs of approximately $2.4 million and $1.9 million as of December 31, 2018 and 2017, respectively	155,961,000	123,770,000
Lines of credit, net of unamortized loan issuance costs of approximately $0.5 million as of December 31, 2017		22,302,000
Accounts payable and accrued liabilities	5,258,000	3,913,000
Security Deposit	139,000	202,000
Due to related parties		385,000
Deferred revenue	93,000	195,000
Total liabilities	161,451,000	150,767,000
Commitments and contingencies
The Parking REIT, Inc. Stockholders' Equity
Common stock
Additional paid-in capital	183,382,000	177,598,000
Accumulated deficit	(23,953,000)	(18,173,000)
Total The Parking REIT, Inc. Shareholders' Equity	159,429,000	159,425,000
Non-controlling interest	2,691,000	2,751,000
Total equity	162,120,000	162,176,000
Total liabilities and equity	323,571,000	312,943,000
Preferred Stock Series A [Member]
The Parking REIT, Inc. Stockholders' Equity
Preferred stock
Preferred Stock Series 1 [Member]
The Parking REIT, Inc. Stockholders' Equity
Preferred stock
Non Voting Non Participating Convertible Stock [Member]
The Parking REIT, Inc. Stockholders' Equity
Common stock

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($)	Dec. 31, 2018	Dec. 31, 2017
Notes payable, unamortized loan issuance costs	$ 2,400,000	$ 1,900,000
Line of credit, unamortized loan issuance costs		$ 500,000
Common stock par value	$ 0.0001	$ 0.0001
Common stock, shares authorized	98,999,000	98,999,000
Common stock, shares issued	6,547,977	6,532,009
Common stock, shares outstanding	6,542,797	6,532,009
Preferred Stock Series A [Member]
Preferred stock par value	$ 0.0001	$ 0.0001
Preferred stock, shares authorized	50,000	50,000
Preferred stock, shares issued	2,862	2,862
Preferred stock, shares outstanding	2,862	2,862
Preferred Stock Series 1 [Member]
Preferred stock par value	$ 0.0001	$ 0.0001
Preferred stock, shares authorized	97,000	97,000
Preferred stock, shares issued	39,811	29,789
Preferred stock, shares outstanding	39,811	29,789
Non Voting Non Participating Convertible Stock [Member]
Common stock par value	$ 0.0001	$ 0.0001
Common stock, shares authorized	1,000	1,000
Common stock, shares issued	0	0
Common stock, shares outstanding	0	0

Consolidated Statements Of Oper

Consolidated Statements Of Operations - USD ($)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Revenues
Base rent income	$ 19,534,000	$ 8,694,000
Management agreement		518,000
Percentage rent income	2,566,000	1,173,000
Total revenues	22,100,000	10,385,000
Operating expenses
Property taxes	2,918,000	677,000
Property operating expense	1,404,000	981,000
Asset management fee - related party	2,000,000	1,259,000
General and administrative	3,620,000	989,000
Professional fees	4,243,000	908,000
Merger costs		2,616,000
Merger costs - related party		3,600,000
Acquisition expenses	412,000	2,695,000
Acquisition expenses - related party		1,957,000
Impairment on investment in real estate	600,000
Depreciation and amortization	4,938,000	2,036,000
Total operating expenses	20,135,000	17,718,000
Income (loss) from operations	1,965,000	(7,333,000)
Other income (expense)
Interest expense	(9,449,000)	(4,651,000)
Distribution income - related party		189,000
Gain from sale of investment in real estate	2,276,000	1,200,000
Gain from acquisition of real estate - equity method		180,000
Other Income	81,000
Income from DST	205,000	105,000
Income from investment in equity method investee		(19,000)
Total other expense	(6,887,000)	(2,958,000)
Net loss	(4,922,000)	(10,291,000)
Net income attributable to non-controlling interest	41,000	460,000
Net loss attributable to The Parking REIT, Inc.'s stockholders	(4,963,000)	(10,751,000)
Preferred stock distributions declared - Series A	(205,000)	(142,000)
Preferred stock distributions declared - Series 1	(2,605,000)	(518,000)
Net loss attributable to The Parking REIT, Inc.'s common stockholders	$ (7,773,000)	$ (11,411,000)
Basic and diluted loss per weighted average common share:
Net loss per share attributable to The Parking REIT, Inc.'s common stockholders - basic and diluted	$ (1.19)	$ (4.21)
Distributions declared per common share	$ 0.12	$ 0.85
Weighted average common shares outstanding, basic and diluted	6,550,099	2,709,977

Consolidated Statements Of Chan

Consolidated Statements Of Changes in Equity - USD ($)	Preferred Stock	Common Stock	Additional Paid-In Capital	Accumulated Deficit	Noncontrolling Interest	Total
Beginning Balance at Dec. 31, 2016			$ 56,875,000	$ (5,126,000)	$ 4,124,000	$ 55,873,000
Balance Common Shares at Dec. 31, 2016		2,301,828
Distributions to non-controlling interest					(427,000)	(427,000)
Issuance of common stock			4,925,000			4,925,000
Issuance of common stock (shares)		196,985
Issuance of common stock - DRIP			1,321,000			1,321,000
Issuance of common stock - DRIP (Shares)		53,800
Issuance of preferred Series A			2,544,000			2,544,000
Issuance of preferred Series A (Shares)	2,862
Issuance of preferred Series 1			26,892,000			26,892,000
Issuance of preferred Series 1 (Shares)	29,789
Redeemed Shares
Issuance of Common Stock in connection with the merger			85,701,000		(6,245,000)	79,456,000
Issuance of Common Stock in connection with the merger (Shares)		3,887,513
Contributions					6,264,000	6,264,000
Consolidation of Houston Preston					6,000	6,000
Loan proceeds to NCI					(1,431,000)	(1,431,000)
Distributions - Common			(2,296,000)			(2,296,000)
Distributions - Series A			(142,000)			(142,000)
Distributions - Series 1			(518,000)			(518,000)
Stock dividend				2,296,000	(2,296,000)
Stock dividend (Shares)			91,883
Net income (loss)				(10,751,000)	460,000	(10,291,000)
Balance at Dec. 31, 2017						$ 162,176,000
Balance Common Shares at Dec. 31, 2017		6,532,009				6,532,009
Balance Preferred Shares at Dec. 31, 2017	32,651
Beginning Balance at Dec. 31, 2017			$ 177,598,000	(18,173,000)	2,751,000	$ 159,425,000
Distributions to non-controlling interest					(101,000)	(101,000)
Issuance of common stock
Issuance of common stock (shares)
Issuance of common stock - DRIP			307,000			307,000
Issuance of common stock - DRIP (Shares)		11,326
Issuance of preferred Series A
Issuance of preferred Series A (Shares)
Issuance of preferred Series 1			9,089,000			9,089,000
Issuance of preferred Series 1 (Shares)	10,022
Redeemed Shares			(812,000)			(812,000)
Redeemed Shares (Shares)		(33,217)
Distributions - Common			(807,000)			(807,000)
Distributions - Series A			(205,000)			(205,000)
Distributions - Series 1			(2,605,000)			(2,605,000)
Stock dividend			817,000	(817,000)
Stock dividend (Shares)		32,679
Net income (loss)				(4,963,000)	41,000	(4,922,000)
Balance at Dec. 31, 2018			$ 183,382,000	$ (23,953,000)	$ 2,691,000	$ 162,120,000
Balance Common Shares at Dec. 31, 2018		6,542,797				6,542,797
Balance Preferred Shares at Dec. 31, 2018	42,673

Consolidated Statements Of Cash

Consolidated Statements Of Cash Flows - USD ($)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Cash flows from operating activities:
Net loss	$ (4,922,000)	$ (10,291,000)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization expense	4,938,000	2,036,000
Gain from acquisition of real estate	(2,276,000)	(180,000)
Income from investment in equity method investee		(19,000)
Merger		2,721,000
Distribution from MVP REIT		(189,000)
Distribution from DST	(205,000)	(105,000)
Impairment on real estate	600,000
Amortization of loan costs	1,658,000	691,000
Changes in operating assets and liabilities
Due to/from related parties	(388,000)	(2,829,000)
Accounts payable	1,343,000	1,693,000
Loan fees	(1,750,000)	(1,610,000)
Deferred revenue	198,000
Other assets	(69,000)
Assets held for sale		(577,000)
Security deposits	(63,000)
Accounts Receivable	(303,000)	84,000
Prepaid expenses	(432,000)	135,000
Net cash used in operating activities	(1,671,000)	(8,493,000)
Cash flows from investing activities:
Purchase of investment in real estate	(28,939,000)	(92,200,000)
Investment in assets held for sale		(1,015,000)
Investment in DST		(2,821,000)
Building and land improvements	(6,405,000)	(3,218,000)
Fixed asset purchase	(63,000)
Proceeds from Investments	205,000	167,000
Proceeds from sale of investment in real estate	10,067,000	1,577,000
Payment of deposit for purchase of investment in real estate or debt	(4,003,000)	3,890,000
Return of deposit for purchase of investment in real estate or debt	1,788,000
Deposits applied to purchase of investment in real estate or debt	2,890,000
Investment in cost method investee		(67,000)
Investment in cost method investee - held for sale		(3,000)
Investment in equity method investee		(50,000)
Investment in MVP REIT, Inc.		(1,018,000)
Cash from merger		1,295,000
Proceeds from non-controlling interest		5,075,000
Net cash used in investing activities	(24,460,000)	(88,388,000)
Cash flows from financing activities:
Proceeds from notes payable	45,843,000	77,752,000
Payments on notes payable	(2,013,000)	(11,455,000)
Proceeds from of line of credit	29,500,000	64,400,000
Payments on line of credit	(59,360,000)	(53,633,000)
Distribution to non-controlling interest	(101,000)	(1,858,000)
Distribution from investment in cost method investee		42,000
Distribution from investment in equity method investee		195,000
Proceeds from issuance of common stock		4,925,000
Proceeds from issuance of preferred stock	9,089,000	29,436,000
Redeemed shares	(812,000)
Dividends paid to stockholders	(3,310,000)	(1,178,000)
Net cash provided by financing activities	18,836,000	108,626,000
Net change in cash	(7,295,000)	11,745,000
Cash and cash equivalents, beginning of period	16,730,000	4,985,000
Cash and cash equivalents, end of period	9,435,000	16,730,000
Reconciliation of Cash and Cash Equivalents:
Cash and cash equivalents at beginning of period	8,501,000	4,885,000
Restricted cash at beginning of period	8,229,000	100,000
Cash and cash equivalents at beginning of period	16,730,000	4,985,000
Cash and cash equivalents at end of period	5,106,000	8,501,000
Restricted cash at end of period	4,329,000	8,229,000
Cash and cash equivalents cash at end of period	9,435,000	16,730,000
Supplemental disclosures of cash flow information:
Interest Paid	5,692,000	4,651,000
Non-cash investing and financing activities:
Distributions - DRIP	307,000	1,210,000
Dividend shares	817,000	2,296,000
Dividends declared not yet paid	250,000	457,000
Payment of deposit for purchase of investment in real estate or debt	(4,003,000)	3,890,000
Return of deposit for purchase of investment in real estate or debt	1,788,000
Deposits applied to purchase of investment in real estate or debt	2,890,000
Conversion from debt to preferred shares		2,000,000
Payments on note payable through sale of investment in real estate	(11,092,000)
Proceeds on line of credit through sale of investment in real estate	$ 7,103,000

Organization and Business Opera

Organization and Business Operations	12 Months Ended
	Dec. 31, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization, Proposed Business Operations and Capitalization	Note A — Organization and Business Operations The Parking REIT, Inc., formerly known as MVP REIT II, Inc. (the “Company,” “we,” “us” or “our”), is a Maryland corporation formed on May 4, 2015 and has elected to be taxed, and has operated 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, 2017; therefore, it is the Company’s intention to make a REIT election for the ended December 31, 2018. The Company was formed to focus primarily on investments in parking facilities, including parking lots, parking garages and other parking structures throughout the United States and Canada. To a lesser extent, the Company may also invest in properties other than parking facilities. The Company is the sole general partner of MVP REIT II Operating Partnership, LP, a Delaware limited partnership (the “Operating Partnership”). The Company owns substantially all of its assets and conducts substantially all of its operations through the Operating Partnership. The Company’s wholly owned subsidiary, MVP REIT II Holdings, LLC, is the sole limited partner of the Operating Partnership. The operating agreement provides that the Operating Partnership is operated in a manner that enables the Company to (1) satisfy the requirements to qualify and maintain qualification as a REIT for federal income tax purposes, (2) avoid any federal income or excise tax liability and (3) ensure that the Operating Partnership is not classified as a “publicly traded partnership” for purposes of Section 7704 of the Internal Revenue Code of 1986, as amended (the “Code”), which classification could result in the Operating Partnership being taxed as a corporation. The Company utilizes an Umbrella Partnership Real Estate Investment Trust (“UPREIT”) structure to enable the Company to acquire real property in exchange for limited partnership interests in Operating Partnership from owners who desire to defer taxable gain that would otherwise normally be recognized by them upon the disposition of their real property or transfer of their real property to the Company in exchange for shares of common stock or cash. As part of the Company’s initial capitalization, 8,000 shares of common stock were sold for $200,000 to an affiliate of the Advisor. The Company’s advisor is MVP Realty Advisors, LLC, dba The Parking REIT Advisors (the “Advisor”), a Nevada limited liability company, which is owned 60% by Vestin Realty Mortgage II, Inc. (“VRM II”) and 40% by Vestin Realty Mortgage I, Inc. (“VRM I”). 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 a second amended and restated advisory agreement among the Company, the Operating Partnership and the Advisor (the “Amended and Restated Advisory Agreement”), which became effective upon consummation of the Merger (as such term is defined below). VRM II and VRM I are Maryland corporations that trade on the OTC pink sheets and were managed by Vestin Mortgage, LLC, an affiliate of the Advisor, prior to being internalized in January 2018. On September 21, 2018, the Company entered into a Third Amended and Restated Advisory Agreement with the Advisor. The Third Amended Advisory Agreement will become effective and replace the existing advisory agreement upon the listing of the shares of our common stock on The Nasdaq Global Market, unless the Company completes an internalization transaction before listing, in which case, the advisory agreement is expected to be terminated as part of the internalization transaction. For more information, please see “Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations”. The Third Amended and Restated Advisory Agreement is filed as an exhibit to the Company’s Current Report on Form 8-K filed with the SEC on September 26, 2018. Merger of MVP REIT with Merger Sub, LLC On May 26, 2017, the Company, MVP REIT, Inc., a Maryland corporation (“MVP I”), MVP Merger Sub, LLC, a Delaware limited liability company and a wholly-owned subsidiary of the Company (“Merger Sub”), and the Advisor entered into an agreement and plan of merger (the “Merger Agreement”), pursuant to which MVP I would merge with and into Merger Sub (the “Merger”). On December 15, 2017, the Merger was consummated. Following the Merger, the Company contributed 100% of its equity interests in Merger Sub to the Operating Partnership. At the effective time of the Merger, each share of MVP I common stock, par value $0.001 per share, that was issued and outstanding immediately prior to the Merger (the “MVP I Common Stock”), was converted into the right to receive 0.365 shares of Company common stock. A total of approximately 3.9 million shares of Company common stock were issued to former MVP I stockholders, and former MVP I stockholders, immediately following the Merger, owned approximately 59.7% of the Company's common stock. The Company was subsequently renamed "The Parking REIT, Inc.". Capitalization As of December 31, 2018, the Company had 6,542,797 shares of common stock issued and outstanding. On December 31, 2016, the Company ceased all selling efforts for the Common Stock Offering of its common stock. The Company accepted additional subscriptions through March 31, 2017, the last day of the Common Stock Offering. In connection with its formation, the Company sold 8,000 shares of common stock to the Sponsor for $200,000. On October 27, 2016, the Company filed with the State Department of Assessments and Taxation of Maryland Articles Supplementary to the charter of the Company classifying and designating 50,000 shares of Series A Convertible Redeemable Preferred Stock, par value $0.0001 per share (the “Series A”). The Company commenced a private placement of the shares of Series A, together with warrants to acquire the Company’s common stock, to accredited investors on November 1, 2016 and closed the offering on March 24, 2017. The Company raised approximately $2.5 million, net of offering costs, in the Series A private placement and had 2,862 Series A shares issued and outstanding as of December 31, 2018. On March 29, 2017, the Company filed with the State Department of Assessments and Taxation of Maryland Articles Supplementary to the charter of the Company classifying and designating 97,000 shares of its authorized capital stock as shares of Series 1 Convertible Redeemable Preferred Stock par value $0.0001 per share (the “Series 1”). On April 7, 2017, the Company commenced a private placement of shares of Series 1, together with warrants to acquire the Company’s common stock to accredited investors and closed the offering on January 31, 2018. The Company raised approximately $36.0 million, net of offering costs, in the Series 1 private placements and had 39,811 Series 1 shares issued and outstanding as of December 31, 2018.

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2018
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 and in accordance with principles generally accepted in the United States of America (“GAAP”) for financial information as contained in the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”), and in conjunction with rules and regulations of the SEC. Certain information and footnote disclosures required for annual financial statements have been condensed or excluded pursuant to SEC rules and regulations. 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, the accounts of the Company’s assets that were sold during 2018 and 2017 (as applicable), the accounts of its subsidiaries, Operating Partnership and all of the following subsidiaries. All intercompany profits and losses, balances and transactions are eliminated in consolidation. The following list includes the subsidiaries that are included in the Company’s consolidated financial statements, not the number of properties owned by the Company at December 31, 2018 and 2017. MVP PF Ft. Lauderdale 2013, LLC MVP Clarksburg Lot, LLC MVP PF Kansas City 2013, LLC MVP Denver Sherman 1935, LLC MVP PF Memphis Poplar 2013, LLC MVP Bridgeport Fairfield Garage, LLC MVP PF Memphis Court 2013, LLC West 9 th MVP PF St. Louis 2013, LLC MVP San Jose 88 Garage, LLC Mabley Place Garage, LLC MCI 1372 Street, LLC MVP Denver Sherman, LLC MVP Cincinnati Race Street, LLC MVP Fort Worth Taylor, LLC MVP St. Louis Washington, LLC MVP Milwaukee Old World, LLC MVP St. Paul Holiday Garage, LLC MVP St. Louis Convention Plaza, LLC MVP Louisville Station Broadway, LLC MVP Houston Saks Garage, LLC White Front Garage Partners, LLC MVP St. Louis Lucas, LLC Cleveland Lincoln Garage, LLC MVP Milwaukee Wells, LLC MVP Houston Preston, LLC MVP Wildwood NJ Lot, LLC MVP Houston San Jacinto Lot, LLC MVP Indianapolis City Park, LLC MVP Detroit Center Garage, LLC MVP KC Cherry Lot, LLC St Louis Broadway, LLC MVP Indianapolis WA Street Lot, LLC St Louis Seventh & Cerre, LLC Minneapolis City Parking, LLC MVP Preferred Parking, LLC MVP Minneapolis Venture, LLC MVP Raider Park Garage, LLC MVP Indianapolis Meridian Lot, LLC MVP New Orleans Rampart, LLC MVP Milwaukee Clybourn, LLC MVP Hawaii Marks Garage, LLC MVP Milwaukee Arena Lot, LLC Under 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 condensed 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 had fifteen parking tenants as of December 31, 2018 and fourteen parking tenants as of December 31, 2017. One tenant, SP Plus Corporation (Nasdaq: SP) (“SP+”), represented 57.4% of the Company’s base parking rental revenue for the year ended December 31, 2018. SP+ is one of the largest providers of parking management in the United States. As of December 31, 2018, SP+ managed approximately 3,400 locations in North America. Below is a table that summarizes parking rent by tenant: For the Year Ended December 31, Parking Tenant 2018 2017 SP + 57.6% 54.5% iPark Services*** 13.3% 12.9% ABM * 4.5% 2.2% ISOM Mgmt 4.2% 1.0% Premier Parking*** 3.7% 7.8% Interstate Parking 2.7% 6.2% 342 N. Rampart 2.7% -- Denison 2.5% 0.2% Lanier 2.4% 4.2% St. Louis Parking 2.2% 4.1% BEST PARK 1.5% 0.1% Riverside Parking 1.0% 2.2% PCAM, LLC 0.6% 0.1% TNSH, LLC 0.8% -- Denver School 0.2% <0.1% Secure 0.1% <0.1% Miller Parking ** -- 4.5% * Through February 28, 2017, MVP San Jose 88 Garage, LLC was subject to a parking management agreement with ABM and received revenue of $110,000. Starting on March 1, 2017, this property was leased to Lanier Parking Solutions. ** Revenue for Miller Parking represents a settlement received by MVP Detroit Center Garage, LLC of approximately $408,000 for the operations of the garage through January 2017, at which time SP+ assumed operations under a longer-term lease agreement. *** During June 2018 Premier Parking acquired iPark Services. Subsequent to the acquisition Premier and iPark continue to operate under their original company names In addition, the Company had concentrations in various cities based on parking rental revenue for the years ended December 31, 2018 and 2017, as well as concentrations in various cities based on the real estate the Company owned as of December 31, 2018 and December 31, 2017. The below tables summarize this information by city. City Concentration for Parking Rental Revenue For the Year Ended December 31, 2018 2017 Detroit 18.2% 39.6% Houston 13.3% 12.9% Cincinnati 9.2% 4.0% Fort Worth 8.1% 0.7% Indianapolis 6.5% 0.6% St. Louis 5.4% 6.2% Cleveland 5.3% 11.7% Minneapolis 4.3% 0.4% Lubbock 4.2% 1.0% Nashville 3.7% 7.7% Milwaukee 3.5% 0.3% St Paul 2.7% 6.2% New Orleans 2.7% -- Honolulu 2.6% -- San Jose 2.4% 5.4% Bridgeport 2.3% 0.2% Memphis 1.6% 0.1% Louisville 1.0% 2.2% Ft. Lauderdale 0.6% 0.1% Denver 0.8% 0.1% Kansas City 0.6% 0.1% Wildwood 0.4% <0.1% Canton 0.3% 0.5% Clarksburg 0.3% <0.1% Real Estate Investment Concentration by City As of December 31, 2018 2017 Detroit 17.6% 18.8% Houston 11.9% 12.7% Fort Worth 8.8% 9.4% Cincinnati 8.7% 9.1% Honolulu 6.7% -- Cleveland 6.2% 5.6% Indianapolis 5.8% 6.2% Minneapolis 4.4% 5.6% St Louis 4.4% 7.0% Milwaukee 3.8% 4.0% Nashville 3.7% 4.0% Lubbock 3.5% 3.7% St Paul 2.7% 2.9% Bridgeport 2.6% 2.8% New Orleans 2.6% -- Memphis 1.5% 1.7% San Jose 1.2% 1.3% Fort Lauderdale 1.1% 1.2% Denver 1.0% 1.1% Louisville 1.0% 1.1% Wildwood 0.4% 0.5% Clarksburg 0.2% 0.2% Canton 0.2% 0.2% Kansas City -- 0.9% 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 several 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. 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 within operating expenses in the consolidated statement of operations. 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, the property is written down to fair value and 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. The Company recorded impairment charges of $0.6 million for the year ended December 31, 2018. The estimated fair values, as they relate to property carrying values were primarily based upon estimated sales prices from third-party offers or indicative bids. No impairments were necessary for the year ended December 31, 2017. Cash The Company maintains a significant portion of its cash deposits at KeyBank, which are held by the Company’s subsidiaries allowing the Company to maximize FDIC insurance coverage. The balances are insured by the Federal Deposit Insurance Corporation (“FDIC”) under the same ownership category of $250,000. As of December 31, 2018, and 2017, the Company had approximately $0.5 million and $5.6 million, respectively, in excess of the federally-insured limits. As of December 31, 2018, the Company has not experienced any losses on cash deposits. 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 are 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 many 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. Percentage rents will be recorded when earned and certain thresholds have been met. 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. If 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 after exhaustive efforts at collection. Advertising Costs Advertising costs incurred in the normal course of operations are expensed as incurred. During the years ended December 31, 2018 and 2017, 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. Purchase Price Allocation The Company allocates the purchase price of acquired properties to tangible and identifiable intangible assets acquired based on their respective fair values. Tangible assets include land, land improvements, buildings, fixtures and tenant improvements on an as-if vacant basis. The Company utilizes various estimates, processes and information to determine the as-if vacant property value. Estimates of value are made using customary methods, including data from appraisals, comparable sales, discounted cash flow analysis and other methods. Amounts allocated to land, land improvements, buildings and fixtures are based on cost segregation studies performed by independent third parties or on the Company's analysis of comparable properties in the Company's portfolio. Identifiable intangible assets include amounts allocated to acquire leases for above- and below-market lease rates, the value of in-place leases, and the value of customer relationships, as applicable. The aggregate value of intangible assets related to in-place leases is primarily the difference between the property valued with existing in-place leases adjusted to market rental rates and the property valued as if vacant. Factors considered by the Company in its analysis of the in-place lease intangibles include an estimate of carrying costs during the expected lease-up period for each property, considering current market conditions and costs to execute similar leases. In estimating carrying costs, the Company will include real estate taxes, insurance and other operating expenses and estimates of lost rentals at market rates during the expected lease-up period. Estimates of costs to execute similar leases including leasing commissions, legal and other related expenses are also utilized. Above-market and below-market in-place lease values for owned properties are recorded based on the present value (using an interest rate which reflects the risks associated with the leases acquired) of the difference between the contractual amounts to be paid pursuant to the in-place leases and management’s estimate of fair market lease rates for the corresponding in-place leases, measured over a period equal to the remaining non-cancelable term of the lease. The capitalized above-market lease intangibles are amortized as a decrease to rental income over the remaining term of the lease. The capitalized below-market lease values will be amortized as an increase to rental income over the remaining term and any fixed rate renewal periods provided within the respective leases. In determining the amortization period for below-market lease intangibles, the Company initially will consider, and periodically evaluate on a quarterly basis, the likelihood that a lessee will execute the renewal option. The likelihood that a lessee will execute the renewal option is determined 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. The aggregate value of intangible assets related to customer relationship, as applicable, is measured based on the Company's evaluation of the specific characteristics of each tenant’s lease and the Company's overall relationship with the tenant. Characteristics considered by the Company in determining these values include the nature and extent of its existing business relationships with the tenant, growth prospects for developing new business with the tenant, the tenant’s credit quality and expectations of lease renewals, among other factors. The value of in-place leases is amortized to expense over the initial term of the respective leases. The value of customer relationship intangibles is amortized to expense over the initial term and any renewal periods in the respective leases, but in no event does the amortization period for intangible assets exceed the remaining depreciable life of the building. If a tenant terminates its lease, the unamortized portion of the in-place lease value and customer relationship intangibles is charged to expense. In making estimates of fair values for purposes of allocating purchase price, the Company will utilize several sources, including independent appraisals that may be obtained in connection with the acquisition or financing of the respective property and other market data. The Company will also consider information obtained about each property as a result of the Company's pre-acquisition due diligence, as well as subsequent marketing and leasing activities, in estimating the fair value of the tangible and intangible assets acquired and intangible liabilities assumed. Organization, Offering and Related Costs Certain organization and offering costs will be incurred by the Advisor. Pursuant to the terms of the Amended and Restated Advisory Agreement, the Company will not reimburse the Advisor for these out of pocket costs and future organization and offering costs it may incur. Such costs shall include legal, accounting, printing and other offering expenses, including marketing, and direct expenses of the Advisor’s employees and employees of the Advisor’s affiliates and others. All direct offering costs incurred and or paid by the Company that are directly attributable to a proposed or actual offering, including sales commissions, if any, were charged against the gross proceeds of the Common Stock Offering and recorded as an offset to additional paid-in-capital. All indirect costs will be expensed as incurred. 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 is organized and conducts operations to qualify as a REIT under Sections 856 to 860 of the Code and to comply with the provisions of the Code with respect thereto. A REIT is generally not subject to federal income tax on that portion of its REIT taxable income, which is distributed to its stockholders, provided that at least 90% of such taxable income is distributed and provided that certain other requirements are met. Our REIT taxable income may substantially exceed or be less than our net income as determined based on GAAP because differences in GAAP and taxable net income consist primarily of allowances for loan losses or doubtful account, write-downs on real estate held for sale, amortization of deferred financing cost, capital gains and losses, and deferred income. The Company elected to be treated as a REIT effective January 1, 2017 and believes that it has been organized and has operated during 2018 in such a manner to meet the qualifications to continue to be treated as a REIT for federal and state income tax purposes. If the Company does not qualify as a REIT for the tax year ended December 31, 2018, it will file as a C corporation and deferred tax assets and liabilities will be established for the temporary differences between the financial reporting basis and the tax basis of assets and liabilities at the enacted tax rates expected to be in effect when the temporary differences reverse. A valuation allowance for the deferred tax assets is provided if the Company believes that it is more likely than not that it will not realize the tax benefit of deferred tax assets based on the available evidence at the time the determination is made. For the tax year ended December 31, 2018, the Company believes that it is more likely than not that it will not realize the benefits of its deferred tax assets, and thus a valuation allowance should be recorded against its net deferred tax assets. The Company uses a two-step approach to recognize and measure uncertain tax positions. The first step is to evaluate the tax position for recognition by determining if the weight of available evidence indicates that it is more likely than not that the position will be sustained on audit, including resolutions of related appeals or litigation processes, if any. The second step is to measure the tax benefit as the largest amount that is more likely than not of being realized upon ultimate settlement. The Company believes that its income tax filing positions and deductions would be sustained upon examination; thus, the Company has not recorded any uncertain tax positions as of December 31, 2018. A full valuation allowance for deferred tax assets was provided since the Company believes that it is more likely than not that it will not realize the benefits of its deferred tax assets. A change in circumstances may cause the Company to change its judgment about whether deferred tax assets should be recorded, and further whether any such assets would more likely than not be realized. The Company would generally report any change in the valuation allowance through its income statement in the period in which such changes in circumstances occur. Because the Company is a REIT, it will generally not be subject to corporate level federal income taxes on earnings distributed to our stockholders and therefore may not realize any benefit from deferred tax assets. arising during 2018 or any prior period. The Company intends to distribute at least 100% of its taxable income annually and intends to do so for the tax year ending December 31, 2018 and future periods. The Company has placed a full valuation allowance on all of its deferred tax assets, and thus not asset is recorded on the Company’s balance sheet. Per Share Data The Company calculates basic income (loss) per share by dividing net income (loss) for the period by weighted-average shares of its common stock outstanding for the respective period. Diluted income per share considers 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 years ended December 31, 2018 and 2017. There is a potential for dilution from the Company’s Series A Convertible Redeemable Preferred Stock which may be converted into the Company’s common stock at any time beginning upon the earlier of (i) 90 days after the occurrence of a listing event or (ii) the second anniversary of the final closing of the offering (whether or not a listing event has occurred). As of December 31, 2018, there were 2,862 shares of the Series A Convertible Redeemable Preferred Stock issued and outstanding. There is a potential for dilution from the Company’s Series 1 Convertible Redeemable Preferred Stock which may be converted upon a holder’s election into the Company’s common stock at any time beginning upon the earlier of (i) 45 days after the occurrence of a listing event or (ii) April 7, 2019 (whether or not a listing event has occurred). As of December 31, 2018, there were 39,811 shares of the Series 1 Convertible Redeemable Preferred Stock issued and outstanding. Each share of Series A preferred stock and Series 1 preferred stock will convert into the number of shares of the Company’s common stock determined by dividing (i) the stated value per Series A share or Series 1 share of $1,000 (as may be adjusted pursuant to the applicable articles supplementary) plus any accrued but unpaid dividends to, but not including, the conversion date by (ii) the conversion price. The conversion price is equal to 100% or, if the conversion notice is received on or prior to December 1, 2017 (for Series 1 shares) or on or prior to the day immediately preceding the first anniversary of the issuance of such share (for Series A shares), 110% of the volume weighted average price per share of the Company’s common stock for the 20 trading days prior to the delivery date of the conversion notice; provided that if the Company’s common stock is not then traded on a national securities exchange, the conversion price will be equal to the net asset value per share of the Company’s common stock. The Company will have the right (but not the obligation) to redeem any Series A or Series 1 shares that are subject to a conversion notice on the terms set forth in the applicable articles supplementary. There is also potential for dilution in the event that the Company completes the contemplated redemption of all the outstanding shares of the Series A preferred stock and Series 1 preferred stock and pays entire redemption price in the form of shares of the Company’s common stock, within 30 days after the completion of the listing of the Company’s common stock on a national securities exchange Reportable Segments The Company currently operates one reportable segment. Reclassifications Certain prior year amounts have been reclassified for consistency with the current year presentation. These reclassifications had no effect on the reported results of operations. Accounting and Auditing Standards Applicable to “Emerging Growth Companies” The Company is an “emerging growth company” under the Jumpstart Our Business Startups Act of 2012 (the “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 (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, 2018
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Note C — Commitments and Contingencies Litigation The nature of the Company’s business exposes its properties, the Company, its Operating Partnership and its other subsidiaries to the risk of claims and litigation in the normal course of business. Other than routine litigation arising out of the ordinary course of business, the Company is not presently subject to any material litigation nor, to its knowledge, is any material litigation threatened against the Company. Environmental Matters Investments in real property create the potential for environmental liability on the part of the owner or operator of such real property. If hazardous substances are discovered on or emanating from a property, the owner or operator of the property may be held strictly liable for all costs and liabilities relating to such hazardous substances. The Company has obtained a Phase I environmental study (which involves inspection without soil sampling or ground water analysis) conducted by independent environmental consultants on each of our properties and, in certain instances, has conducted additional investigation, including a Phase II environmental assessment. Furthermore, the Company has adopted a policy of conducting a Phase I environmental study on each property we acquire and any additional investigation as warranted. The Company believes that it complies, in all material respects, with all federal, state and local ordinances and regulations regarding hazardous or toxic substances. Furthermore, as of December 31, 2018, the Company has not been notified by any governmental authority of any noncompliance, liability or other claim in connection with any of the Company’s properties. During the Company’s predecessor’s due diligence of a property purchased on December 15, 2017 (originally purchased by predecessor on March 31, 2015) and 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 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, 2018, management does not anticipate a material adverse effect related to this environmental matter. As of December 31, 2018, the Company has not been notified by any governmental authority of any non-compliance, liability or other claim, and is not aware of any other environmental condition that it believes will have a material adverse effect on the results of operations. The Company, however, cannot predict the impact of any unforeseen environmental contingencies or new or changed laws or regulations on properties in which the Company holds an interest, or on properties that may be acquired directly or indirectly in the future.

Investments in Real Estate

Investments in Real Estate	12 Months Ended
	Dec. 31, 2018
Real Estate [Abstract]
Investments in Real Estate	Note D – Investments in Real Estate 2018 As of December 31, 2018, the Company had the following Investments in Real Estate that were consolidated on the Company’s balance sheet: Property Name Location Date Acquired Property Type # Spaces Property Size (Acres) Retail Sq. Ft Investment Amount Parking Tenant MVP Cleveland West 9th (1) Cleveland, OH 5/11/2016 Lot 260 2 N/A $5,845,000 SP + 33740 Crown Colony (1) Cleveland, OH 5/17/2016 Lot 82 0.54 N/A $3,050,000 SP + MVP San Jose 88 Garage San Jose, CA 6/15/2016 Garage 328 1.33 N/A $3,844,000 Lanier MCI 1372 Street Canton, OH 7/8/2016 Lot 66 0.44 N/A $700,000 ABM MVP Cincinnati Race Street Garage Cincinnati, OH 7/8/2016 Garage 350 0.63 N/A $6,300,000 SP + MVP St. Louis Washington St Louis, MO 7/18/2016 Lot 63 0.39 N/A $3,007,000 SP + MVP St. Paul Holiday Garage St Paul, MN 8/12/2016 Garage 285 0.85 N/A $8,396,000 Interstate Parking MVP Louisville Station Broadway Louisville, KY 8/23/2016 Lot 165 1.25 N/A $3,107,000 Riverside Parking White Front Garage Partners Nashville, TN 9/30/2016 Garage 155 0.26 N/A $11,672,000 Premier Parking Cleveland Lincoln Garage Owners Cleveland, OH 10/19/2016 Garage 536 1.14 45,272 $10,541,000 SP + MVP Houston Preston Lot Houston, TX 11/22/2016 Lot 46 0.23 N/A $2,820,000 iPark Services MVP Houston San Jacinto Lot Houston, TX 11/22/2016 Lot 85 0.65 240 $3,250,000 iPark Services MVP Detroit Center Garage Detroit, MI 2/1/2017 Garage 1,275 1.28 N/A $55,476,000 SP + St. Louis Broadway St Louis, MO 5/6/2017 Lot 161 0.96 N/A $2,400,000 St. Louis Parking St. Louis Seventh & Cerre St Louis, MO 5/6/2017 Lot 174 1.06 N/A $3,300,000 St. Louis Parking MVP Preferred Parking (4) Houston, TX 8/1/2017 Garage/Lot 528 0.98 784 $21,115,000 iPark Services MVP Raider Park Garage Lubbock, TX 11/21/2017 Garage 1,495 2.15 20,536 $11,029,000 ISOM Management MVP PF Ft. Lauderdale Ft. Lauderdale, FL 12/15/2017 Lot 66 0.75 4,017 $3,423,000 SP + MVP PF Memphis Court Memphis, TN 12/15/2017 Lot 37 0.41 N/A $1,008,000 SP + MVP PF Memphis Poplar Memphis, TN 12/15/2017 Lot 127 0.87 N/A $3,735,000 Best Park MVP PF St. Louis St Louis, MO 12/15/2017 Lot 183 1.22 N/A $5,145,000 SP + Mabley Place Garage (2) Cincinnati, OH 12/15/2017 Garage 775 0.9 8,400 $21,185,000 SP + MVP Denver Sherman Denver, CO 12/15/2017 Lot 28 0.14 N/A $705,000 Denver School MVP Fort Worth Taylor Fort Worth, TX 12/15/2017 Garage 1,013 1.18 11,828 $27,663,000 SP + MVP Milwaukee Old World Milwaukee, WI 12/15/2017 Lot 54 0.26 N/A $2,044,000 SP + MVP Houston Saks Garage Houston, TX 12/15/2017 Garage 265 0.36 5,000 $10,391,000 iPark Services MVP Milwaukee Wells Milwaukee, WI 12/15/2017 Lot 148 1.07 N/A $5,083,000 Symphony MVP Wildwood NJ Lot 1 (3) Wildwood, NJ 12/15/2017 Lot 29 0.26 N/A $545,000 SP + MVP Wildwood NJ Lot 2 (3) Wildwood, NJ 12/15/2017 Lot 45 0.31 N/A $686,000 SP+ MVP Indianapolis City Park Indianapolis, IN 12/15/2017 Garage 370 0.47 N/A $10,934,000 ABM MVP Indianapolis WA Street Indianapolis, IN 12/15/2017 Lot 141 1.07 N/A $5,749,000 Denison MVP Minneapolis Venture Minneapolis, MN 12/15/2017 Lot 195 1.65 N/A $4,012,000 N/A Minneapolis City Parking Minneapolis, MN 12/15/2017 Lot 268 1.98 N/A $9,838,000 SP + MVP Indianapolis Meridian Indianapolis, IN 12/15/2017 Lot 36 0.24 N/A $1,601,000 Denison MVP Milwaukee Clybourn Milwaukee, WI 12/15/2017 Lot 15 0.06 N/A $262,000 Secure MVP Milwaukee Arena Lot Milwaukee, WI 12/15/2017 Lot 75 1.11 N/A $4,631,000 SP + MVP Clarksburg Lot Clarksburg, WV 12/15/2017 Lot 94 0.81 N/A $715,000 ABM MVP Denver Sherman 1935 Denver, CO 12/15/2017 Lot 72 0.43 N/A $2,533,000 SP + MVP Bridgeport Fairfield Bridgeport, CT 12/15/2017 Garage 878 1.01 4,349 $8,256,000 SP + MVP New Orleans Rampart New Orleans, LA 2/1/2018 Lot 78 0.44 N/A $8,105,000 342 N. Rampart MVP Hawaii Marks Garage Honolulu, HI 6/21/2018 Garage 311 0.77 16,205 21,000,000 SP + Construction in progress $1,872,000 Software $63,000 Total Investment in real estate and fixed assets $317,036,000 (1) These properties are held by West 9th St. Properties II, LLC. (2) The Company holds an 83.3% undivided interest in the Mabley Place Garage pursuant to a tenancy-in-common agreement and is the Managing Co-Owner of the property. (3) These properties are held by MVP Wildwood NJ Lot, LLC. (4) MVP Preferred Parking, LLC holds a Garage and a Parking Lot. 2017 As of December 31, 2017, the Company had the following Investments in Real Estate that were consolidated on the Company’s balance sheet: Property Name Location Date Acquired Property Type # Spaces Property Size (Acres) Retail Sq. Ft Investment Amount Parking Tenant MVP Cleveland West 9th (1) Cleveland, OH 5/11/2016 Lot 260 2 N/A $5,823,000 SP + 33740 Crown Colony (1) Cleveland, OH 5/17/2016 Lot 82 0.54 N/A $3,049,000 SP + MVP San Jose 88 Garage San Jose, CA 6/15/2016 Garage 328 1.33 N/A $3,825,000 Lanier MCI 1372 Street Canton, OH 7/8/2016 Lot 66 0.44 N/A $700,000 ABM MVP Cincinnati Race Street Garage Cincinnati, OH 7/8/2016 Garage 350 0.63 N/A $5,558,000 SP + MVP St. Louis Washington St Louis, MO 7/18/2016 Lot 63 0.39 N/A $3,000,000 SP + MVP St. Paul Holiday Garage St Paul, MN 8/12/2016 Garage 285 0.85 N/A $8,396,000 Interstate Parking MVP Louisville Station Broadway Louisville, KY 8/23/2016 Lot 165 1.25 N/A $3,107,000 Riverside Parking White Front Garage Partners Nashville, TN 9/30/2016 Garage 155 0.26 N/A $11,673,000 Premier Parking Cleveland Lincoln Garage Owners Cleveland, OH 10/19/2016 Garage 536 1.14 45,272 $7,406,000 SP + MVP Houston Preston Lot Houston, TX 11/22/2016 Lot 46 0.23 N/A $2,820,000 iPark Services MVP Houston San Jacinto Lot Houston, TX 11/22/2016 Lot 85 0.65 240 $3,250,000 iPark Services MVP Detroit Center Garage Detroit, MI 2/1/2017 Garage 1,275 1.28 N/A $55,306,000 SP + St. Louis Broadway St Louis, MO 5/6/2017 Lot 161 0.96 N/A $2,400,000 St. Louis Parking St. Louis Seventh & Cerre St Louis, MO 5/6/2017 Lot 174 1.06 N/A $3,300,000 St. Louis Parking MVP Preferred Parking Houston, TX 8/1/2017 Garage/Lot 528 0.98 784 $20,500,000 iPark Services MVP Raider Park Garage Lubbock, TX 11/21/2017 Garage 1,495 2.15 20,536 $11,000,000 ISOM Management MVP PF Ft. Lauderdale (2) Ft. Lauderdale, FL 12/15/2017 Lot 66 0.75 4,017 $3,423,000 SP + MVP PF Kansas City (2) Kansas City, MO 12/15/2017 Lot 164 1.18 N/A $1,812,000 SP + MVP PF Memphis Poplar (2) Memphis, TN 12/15/2017 Lot 127 0.87 N/A $3,735,000 Best Park MVP PF Memphis Court (2) Memphis, TN 12/15/2017 Lot 37 0.41 N/A $1,208,000 SP + MVP PF St. Louis (2) St Louis, MO 12/15/2017 Lot 183 1.22 N/A $5,145,000 SP + Mabley Place Garage (2) (3) Cincinnati, OH 12/15/2017 Garage 775 0.9 8,400 $21,142,000 SP + MVP Denver Sherman (2) Denver, CO 12/15/2017 Lot 28 0.14 N/A $705,000 Denver School MVP Fort Worth Taylor (2) Fort Worth, TX 12/15/2017 Garage 1,013 1.18 11,828 $27,658,000 SP + MVP Milwaukee Old World (2) Milwaukee, WI 12/15/2017 Lot 54 0.26 N/A $2,043,000 SP + MVP St. Louis Convention Plaza (2) St. Louis, MO 12/15/2017 Lot 221 1.26 N/A $3,091,000 SP + MVP Houston Saks Garage (2) Houston, TX 12/15/2017 Garage 265 0.36 5,000 $10,391,000 iPark Services MVP St. Louis Lucas (2) St. Louis, MO 12/15/2017 Lot 202 1.07 N/A $3,695,000 SP + MVP Milwaukee Wells (2) Milwaukee, WI 12/15/2017 Lot 100 0.95 N/A $4,873,000 PCAM, LLC MVP Wildwood NJ Lot 1 (2)(4) Wildwood, NJ 12/15/2017 Lot 29 0.26 N/A $745,000 SP + MVP Wildwood NJ Lot 2 (2)(4) Wildwood, NJ 12/15/2017 Lot 45 0.31 N/A $886,000 SP+ MVP Indianapolis City Park (2) Indianapolis, IN 12/15/2017 Garage 370 0.47 N/A $10,813,000 ABM MVP KC Cherry Lot (2) Kansas City, MO 12/15/2017 Lot 84 0.6 N/A $987,000 SP + MVP Indianapolis WA Street (2) Indianapolis, IN 12/15/2017 Lot 141 1.07 N/A $5,749,000 Denison Minneapolis City Parking (2) Minneapolis, MN 12/15/2017 Lot 268 1.98 N/A $9,838,000 SP + MVP Indianapolis Meridian (2) Indianapolis, IN 12/15/2017 Lot 36 0.24 N/A $1,601,000 Denison MVP Milwaukee Clybourn (2) Milwaukee, WI 12/15/2017 Lot 15 0.06 N/A $262,000 Secure MVP Milwaukee Arena Lot (2) Milwaukee, WI 12/15/2017 Lot 75 1.11 N/A $4,632,000 SP + MVP Clarksburg Lot (2) Clarksburg, WV 12/15/2017 Lot 94 0.81 N/A $715,000 ABM MVP Denver Sherman 1935 (2) Denver, CO 12/15/2017 Lot 72 0.43 N/A $2,534,000 SP + MVP Bridgeport Fairfield (2) Bridgeport, CT 12/15/2017 Garage 878 1.01 4,349 $8,256,000 SP + Construction in progress $750,000 Total Investment in real estate and fixed assets $287,802,000 (1) These properties are held by West 9th St. Properties II, LLC. (2) These properties were acquired as a result of the Merger with MVP I. (3) The Company holds an 83.3% undivided interest in the Mabley Place Garage pursuant to a tenancy-in-common agreement and is the Managing Co-Owner of the property. (4) These properties are held by MVP Wildwood NJ Lot, LLC.

Related Party Transactions and

Related Party Transactions and Arrangements	12 Months Ended
	Dec. 31, 2018
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 transactions 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. On December 15, 2017, the Merger was consummated. At the effective time of the Merger, and pursuant to the terms of the Merger Agreement, each share of MVP I Common Stock that was issued and outstanding immediately prior to the Merger was converted into the right to receive 0.365 shares of Company common stock. A total of approximately 3.9 million shares of Company common stock were issued to former MVP I stockholders, and former MVP I stockholders, following the Merger, own approximately 59.7% of the Company's common stock. To the extent that an MVP I stockholder was otherwise entitled to receive a fraction of a share of Company common stock, computed based on the aggregate number of shares of MVP I Common Stock held by such holder, as applicable, such holder instead received a cash payment in lieu of a fractional share or unit. Concurrently with the entry into the Merger Agreement, on May 26, 2017, the Company, MVP I, the Advisor and the Operating Partnership entered into a termination and fee agreement (the “Termination Agreement”). Pursuant to the Termination Agreement, at the effective time of the Merger, the Advisory Agreement, dated September 25, 2012, as amended, among MVP I and the Advisor was terminated, and the Company paid the Advisor an Advisor Acquisition Payment (as such term is defined in the Termination Agreement) of approximately $3.6 million, which was the only fee payable to the Advisor in connection with the Merger. The Advisor has the option to request reimbursement of certain payroll expenses for salaries and benefits paid to non-executive officers. As of December 31, 2018, the Advisor was due approximately $0.2 million in reimbursable expenses, of which has been paid as of the date of this filing. Ownership of Company Stock During May 2017, VRM II acquired approximately 35,000 shares of the Company’s common stock from third party investors in exchange for various trust deed investments. During November 2017, Corporate Center Sunset Holdings, an entity owned by VRM I and VRM II, acquired 1,039,620 shares of MVP I stock pursuant to a membership purchase agreement. As of December 31, 2018, Corporate Center Sunset Holdings had distributed all acquired shares to VRM I and VRM II. Subject to the terms and conditions of the Merger Agreement, at the effective time of the Merger, each outstanding share of MVP I's common stock, $0.001 par value per share, was automatically cancelled and retired, and converted into the right to receive 0.365 shares of common stock of the Company. As of December 31, 2018, the Sponsor owned 13,269 shares, VRM II owned 364,960 shares and VRM I owned 136,834 shares of the Company’s outstanding common stock. During the years ended December 31, 2018 and 2017, VRM II received approximately $50,550 and $19,750, respectively, in distributions in accordance with the Company’s DRIP program. During the year ended December 31, 2018, VRM I received approximately $18,700 in both cash and DRIP distributions. VRM I did not own shares of the Company’s stock in 2017. Ownership of MVP REIT Prior to the Merger, the Company held 476,784 shares of MVP I common stock. Upon completion of the Merger, these shares were retired. During the year ended December 31, 2018, there were no distributions due to the completion of the Merger. During the year ended December 31, 2017, MVP I paid the Company approximately $189,000 in stock distributions. In addition, the Company received 15,996 shares of MVP I Common Stock in accordance with its DRIP program. Ownership of the Advisor VRM I and VRM II own 40% and 60%, respectively, of the Advisor. Neither VRM I nor VRM II paid any up-front consideration for these ownership interests, but each agreed to be responsible for its proportionate share of future expenses of the Advisor. Fees Paid in Connection with the Offering – Common Stock Various affiliates of the Company were involved in the Common Stock offering and the Company’s operations including MVP American Securities, LLC (“AMS”), which WAs a broker-dealer and member of the Financial Industry Regulatory Authority, Inc. AMS is owned by MS MVP Holdings, LLC, which is owned and managed by Mr. Shustek. The Company’s Sponsor or its affiliates paid selling commissions of up to 6.5% of gross offering proceeds from the sale of shares in the Common Stock Offering without any right to seek reimbursement from the Company. The Company’s sponsor or its affiliates also paid non-affiliated selling agents a one-time fee separately negotiated with each selling agent for due diligence expenses, subject to the total underwriting compensation limitation set forth below. Such due diligence expenses were approximately 1.25% to 2.00% of total offering proceeds. Such commissions and fees were paid by sponsor or its affiliates (other than the Company) without any right to seek reimbursement from . Fees Paid in Connection with the Offering – Preferred Stock In connection with the private placement of the Series A and Series 1 preferred stock, the Company paid selling commissions of up to 6.0% of gross offering proceeds from the sale of shares in the private placements, including sales by affiliated and non-affiliated selling agents. During the years ended December 31, 2018 and 2017, the Company paid approximately $0.8 and $2.4 million, respectively, in selling commissions, of which $0.2 and $0.6 million, respectively, were paid to affiliated selling agents. The Company Fees Paid in Connection with the Operations of the Company The Advisor or its affiliates receives an asset management fee at a rate equal to 1.1% of the cost of all assets held by the Company, or the Company’s proportionate share thereof in the case of an investment made through a joint venture or other co-ownership arrangement. Pursuant to the Amended and Restated Advisory Agreement, the asset management fee may not exceed $2 million per annum until the earlier of such time, if ever, that (i) the Company holds assets with an appraised value equal to or in excess of $500,000,000 or (ii) the Company reports AFFO equal to or greater than $0.3125 per share of common stock (an amount intended to reflect a 5% or greater annualized return on $25.00 per share of common stock) for two consecutive quarters, on a fully diluted basis. All amounts of the asset management fee in excess of $2 million per annum, plus interest thereon at a rate of 3.5% per annum, will be due and payable by the Company no later than ninety (90) days after the condition for payment is satisfied. As of December 31, 2018, approximately $1.6 million was paid and $0.4 was due to the Advisor and subsequently paid prior to the filing. From and after May 29, 2018 (or the Valuation Date), the asset management fee shall be calculated based on the lower of the value of the Company’s assets and their historical cost. As of December 31, 2018, the Company has subordinated approximately $1.4 million in asset management fees which will be accrued and paid once the above criteria are met. Prior to the Merger, the Company was to determine the Company’s NAV on a date not later than the Valuation Date. Following the Valuation Date, the asset management fee was based on the value of the Company’s assets rather than their historical cost. Asset management fees for the year ended December 31, 2017 were approximately $1.3 million. The Company was to reimburse the Advisor or its affiliates for costs of providing administrative services, subject to the limitation that it will not reimburse the Advisor for any amount by which the Company’s operating expenses, at the end of the four preceding fiscal quarters (commencing after the quarter in which the Company made its first investment), exceed the greater of (a) 2.0% of average invested assets and (b) 25.0% of net income in connection with the selection or acquisition of an investment, whether or not the Company ultimately acquires, unless the excess amount is approved by a majority of the Company’s independent directors. The Company was not to reimburse the Advisor for personnel costs in connection with services for which the Advisor received a separate fee, such as an acquisition fee, disposition fee or debt financing fee, or for the salaries and benefits paid to the Company’s executive officers. In addition, the Company was not to reimburse the Advisor for rent or depreciation, utilities, capital equipment or other costs of its own administrative items. During the year ended December 31, 2018, approximately $2.7 million in operating expenses were incurred by the Company reimbursable to the Advisor. During the year ended December 31, 2018, approximately $2.5 million had been reimbursed to the Advisor. For the year ended December 31, 2017, the Advisor was due approximately $0.2 million in reimbursable expenses. These reimbursable expenses were paid as of June 21, 2018, the date of the Company’s 2017 annual filing. On September 21, 2018, we entered into a Third Amended and Restated Advisory Agreement with the Advisor. The Third Amended Advisory Agreement will become effective and replace the existing advisory agreement upon the listing of the shares of our common stock on any national exchange, unless an internalization transaction is completed before listing. For more information, please see “Management’s Discussion and Analysis of Financial Condition and Results of Operations – Overview”. The Third Amended and Restated Advisory Agreement is filed as an exhibit to the Company’s Current Report on Form 8-K filed with the SEC on September 26, 2018.

Economic Dependency

Economic Dependency	12 Months Ended
	Dec. 31, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Economic Dependency	Note F — Economic Dependency Under various agreements, the Company has engaged or will engage the Advisor and its affiliates to provide 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 services, the sale of shares of the Company’s securities available for issuance, as well as other administrative responsibilities for the Company, including accounting services and investor relations. In addition, the Sponsor paid selling commissions in connection with the sale of the Company’s shares in the Common Stock Offering and the Advisor paid the Company’s organization and offering expenses. As a result of these relationships, the Company is dependent upon the Advisor and its affiliates. If these companies are unable to provide the Company with the respective services, the Company may be required to find alternative providers of these services.

Stock-Based Compensation

Stock-Based Compensation	12 Months Ended
	Dec. 31, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock-Based Compensation	Note G — Stock-Based Compensation Long-Term Incentive Plan The Company’s board of directors has adopted a long-term incentive plan which the Company may use to attract and retain qualified directors, officers, employees and consultants. The Company’s long-term incentive plan will offer these 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 currently anticipates that it will not issue awards under the Company’s long-term incentive plan, although it may do so in the future, including possible equity grants to the Company’s independent directors as a form of compensation. The long-term incentive plan authorizes the granting of restricted stock, stock options, stock appreciation rights, restricted or deferred stock units, dividend equivalents, other stock-based awards and cash-based awards to directors, officers, employees and consultants of the Company and the Company’s affiliates selected by the board of directors for participation in the Company’s long-term incentive plan. Stock options granted under the long-term 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. Stock options may not have an exercise price that is less than the fair market value of a share of the Company’s common stock on the date of grant. The Company’s board of directors or a committee appointed by its board of directors will administer the long-term 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 under the long-term incentive plan 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 its charter. Unless otherwise determined by the Company’s board of directors, no award granted under the long-term incentive plan will be transferable except through the laws of descent and distribution. The Company has authorized and reserved an aggregate maximum number of 500,000 common shares for issuance under the long-term incentive plan. In the event of a transaction between the Company and its stockholders that causes the per-share value of the Company’s 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 long-term incentive plan will be adjusted proportionately and the board of directors will make such adjustments to the long-term 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 long-term 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. The Company’s board of directors may in its sole discretion at any time determine that all or a portion of a participant’s awards will become fully vested. The board may discriminate among participants or among awards in exercising such discretion. The long-term 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 Company’s board of directors may terminate the long-term incentive plan at any time. The expiration or other termination of the long-term incentive plan will not, without the participant’s consent, have an adverse impact on any award that is outstanding at the time the long-term incentive plan expires or is terminated. The board of directors may amend the long-term incentive plan at any time, but no amendment will adversely affect any award without the participant’s consent and no amendment to the long-term 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 long-term incentive plan. During the years ended December 31, 2018 and 2017, no grants were made under the long-term incentive plan.

Recent Accounting Pronouncement

Recent Accounting Pronouncements	12 Months Ended
	Dec. 31, 2018
Accounting Changes and Error Corrections [Abstract]
Recent Accounting Pronouncements	Note H – Recent Accounting Pronouncements In May 2014, Financial Accounting Standards Board ("FASB") issued ASU 2014-09, Revenue from Contracts with Customers (Topic 606) Revenue from Contracts with Customers, Deferral of Effective Date Revenue from Contracts with Customers, Principal versus Agent Considerations (Reporting Revenue Gross versus Net) In January 2016, the FASB issued ASU No. 2016-01, Financial Instruments - Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities. In February 2016, the FASB issued ASU 2016-02, Leases – (Topic 842) In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments-Credit Losses (Topic 326), Measurement of Credit Losses on Financial Instruments In November 2016, the FASB issued ASU 2016-18, Statement of Cash Flows (Topic 230) Restricted Cash In January 2017, the FASB issued ASU 2017-01, Business Combinations (Topic 805) Clarifying the Definition of a Business In May 2017, the FASB issued Accounting Standards Update ASU 2017-09, Compensation-Stock Compensation: Scope of Stock Compensation Modification Accounting In August 2017, the FASB issued ASU 2017-12, Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities

Acquisitions

Acquisitions	12 Months Ended
	Dec. 31, 2018
Business Combinations [Abstract]
Acquisitions	Note I – Acquisitions 2018 The following table is a summary of the acquisitions for the year ended December 31, 2018. Property Location Date Acquired Property Type # Spaces Size / Acreage Retail Sq. Ft. Property Purchase Price MVP New Orleans Rampart, LLC New Orleans, LA 2/1/2018 Lot 78 0.44 N/A $8,105,000 MVP Hawaii Marks Garage, LLC Honolulu, HI 6/21/2018 Garage 311 0.77 16,205 $20,834,000 The following table is a summary of the allocated acquisition value of all properties acquired by the Company for the year ended December 31, 2018. Assets Land and Improvements Building and improvements Total assets acquired MVP New Orleans $ 8,105,000 $ -- $ 8,105,000 * MVP Hawaii Marks Garage $ 9,118,000 $ 11,716,000 $ 20,834,000 * $ 17,223,000 $ 11,716,000 $ 28,939,000 *Includes acquisition and closing costs The following table presents the results of operations of the acquired properties for the year ended December 31, 2018: For the Year Ended December 31 , 2018 Total Revenues Net Income 2018 acquisitions $ 1,241,000 $ 745,000 Pro forma results of the Company The following table of pro forma consolidated results of operations of the Company for the year ended December 31, 2018 and 2017 and assumes that the acquisitions were completed as of January 1, 2017 For the Year Ended December 31 , 2018 2017 Revenues from continuing operations $ 22,593,000 $ 11,891,000 Net income (loss) from continuing operations $ (4,508,000) $ (9,326,000) Net income (loss) from continuing operations per share – basic $ (0.69) $ (3.44) Net income (loss) from continuing operations per share – diluted $ (0.69) $ (3.44) 2017 The following table is a summary of the acquisitions for the year ended December 31, 2017, excluding properties acquired in the Merger. Property Location Date Acquired Property Type # Spaces Size / Acreage Retail Sq. Ft. Property Purchase Price MVP Detroit Center Garage Detroit, MI 01/10/2017 Garage 1,275 1.28 N/A $55,000,000 St Louis Broadway St Louis, MO 02/01/2017 Lot 161 0.96 N/A $2,400,000 St Louis Seventh & Cerre St Louis, MO 02/01/2017 Lot 174 1.06 N/A $3,300,000 MVP Preferred Parking Houston, TX 06/29/2017 Garage/Lot 528 0.98 784 $20,500,000 MVP Raider Park Garage Lubbock, TX 11/21/2017 Garage 1,495 2.15 20,536 $11,000,000 The following table is a summary of the properties acquired in the merger on December 15, 2017: Property Name Location Property Type # Spaces Size / Acreage Retail Sq. Ft Purchase Price Allocation in merger MVP PF Ft. Lauderdale 2013 Ft. Lauderdale, FL Lot 66 0.75 4,017 $3,423,000 MVP PF Kansas City 2013 Kansas City, MO Lot 164 1.18 N/A $1,812,000 MVP PF Memphis Poplar 2013, Memphis, TN Lot 127 0.87 N/A $3,735,000 MVP PF Memphis Court 2013 Memphis, TN Lot 37 0.41 N/A $1,208,000 MVP PF St. Louis 2013 St Louis, MO Lot 183 1.22 N/A $5,145,000 Mabley Place Garage Cincinnati, OH Garage 775 0.9 8,400 $21,142,000 MVP Denver Sherman Denver, CO Lot 28 0.14 N/A $705,000 MVP Fort Worth Taylor Fort Worth, TX Garage 1,013 1.18 11,828 $27,658,000 MVP Milwaukee Old World Milwaukee, WI Lot 54 0.26 N/A $2,044,000 MVP St. Louis Convention Plaza St. Louis, MO Lot 221 1.26 N/A $3,091,000 MVP Houston Saks Garage Houston, TX Garage 265 0.36 5,000 $10,391,000 MVP St. Louis Lucas St. Louis, MO Lot 202 1.07 N/A $3,695,000 MVP Milwaukee Wells Milwaukee, WI Lot 100 0.95 N/A $4,873,000 MVP Wildwood NJ Lot 1 (1) Wildwood, NJ Lot 29 0.26 N/A $745,000 MVP Wildwood NJ Lot 2 (1) Wildwood, NJ Lot 45 0.31 N/A $886,000 MVP Indianapolis City Park Indianapolis, IN Garage 370 0.47 N/A $10,813,000 MVP KC Cherry Lot Kansas City, MO Lot 84 0.6 N/A $987,000 MVP Indianapolis WA Street Lot Indianapolis, IN Lot 141 1.07 N/A $5,749,000 Minneapolis City Parking Minneapolis, MN Lot 268 1.98 N/A $9,838,000 MVP Minneapolis Venture Minneapolis, MN Lot 201 2.48 N/A $6,543,000 MVP Indianapolis Meridian Lot Indianapolis, IN Lot 36 0.24 N/A $1,601,000 MVP Milwaukee Clybourn Milwaukee, WI Lot 15 0.06 N/A $262,000 MVP Milwaukee Arena Lot Milwaukee, WI Lot 75 1.11 N/A $4,632,000 MVP Clarksburg Lot Clarksburg, WV Lot 94 0.81 N/A $715,000 MVP Denver Sherman 1935 Denver, CO Lot 72 0.43 N/A $2,534,000 MVP Bridgeport Fairfield Garage Bridgeport, CT Garage 878 1.01 4,349 $8,256,000 (1) These properties are held by a single LLC. The following table is a summary of the allocated acquisition value of all properties acquired by the Company for the year ended December 31, 2017. Assets Land and Improvements Building and improvements Total assets acquired MVP Detroit Center Garage $ 7,000,000 $ 48,000,000 $ 55,000,000 St Louis Broadway, LLC 2,400,000 -- 2,400,000 St Louis Seventh & Cerre, LLC 3,300,000 -- 3,300,000 MVP Preferred Parking, LLC 15,800,000 4,700,000 20,500,000 MVP Raider Park Garage 1,960,000 9,040,000 11,000,000 MVP PF Ft. Lauderdale 2013, LLC 3,423,000 -- 3,423,000 MVP PF Memphis Court 2013, LLC 1,208,000 -- 1,208,000 MVP PF Memphis Poplar 2013, LLC 3,735,000 -- 3,735,000 MVP PF Kansas City 2013, LLC 1,812,000 -- 1,812,000 MVP PF St. Louis 2013, LLC 5,145,000 -- 5,145,000 Mabley Place Garage, LLC * 1,585,000 19,557,000 21,142,000 MVP Denver Sherman, LLC 705,000 -- 705,000 MVP Fort Worth Taylor, LLC 2,845,000 24,813,000 27,658,000 MVP Milwaukee Old World, LLC 2,044,000 -- 2,044,000 MVP St. Louis Convention Plaza, LLC 3,091,000 -- 3,091,000 MVP Houston Saks Garage, LLC 4,931,000 5,460,000 10,391,000 MVP St. Louis Lucas, LLC 3,695,000 -- 3,695,000 MVP Milwaukee Wells, LLC 4,873,000 - 4,873,000 MVP Wildwood NJ Lot, LLC 1,631,000 -- 1,631,000 MVP Indianapolis City Park, LLC 2,055,000 8,758,000 10,813,000 MVP KC Cherry Lot, LLC 987,000 -- 987,000 MVP Indianapolis WA Street Lot, LLC 5,749,000 -- 5,749,000 MVP Minneapolis Venture, LLC** 6,543,000 -- 6,543,000 MVP Indianapolis Meridian Lot, LLC 1,601,000 -- 1,601,000 MVP Milwaukee Clybourn, LLC 262,000 -- 262,000 MVP Milwaukee Arena Lot, LLC 4,632,000 -- 4,632,000 MVP Clarksburg Lot, LLC 715,000 -- 715,000 MVP Denver Sherman 1935, LLC 2,534,000 -- 2,534,000 MVP Bridgeport Fairfield Garage, LLC 498,000 7,758,000 8,256,000 Minneapolis City Parking, LLC 9,838,000 -- 9,838,000 $ 106,597,000 $ 128,086,000 $ 234,683,000 *The Company holds an 83.3% undivided interest in the Mabley Place Garage pursuant to a tenancy-in-common agreement and is the Managing Co-Owner. The Company acknowledges that the Mabley Place Garage is not a legal entity pursuant to ASC 810 and the Company’s undivided interest represents an interest in the property itself, not in an entity that owns the property. Nevertheless, the Company concluded the most appropriate presentation was to consolidate the property in accordance with ASC 810 as the controlling party. ** During June 2016, Minneapolis Venture entered into a PSA to sell the 10th Street lot “as is” to a third party for approximately $6.1 million. During October 2016, the PSA was cancelled. During February 2017, the Company entered into a letter of intent to sell a portion of the property (approximately 2.2 acres) to an unrelated third party for $3.0 million. The remaining portion of the property will continue to be reported as held for sale. The Company will continue look for an Operator if the entire property is not sold. The following table presents the results of operations of the acquired properties for the year ended December 31, 2017: Year Ended December 31, 2017 Total Revenues Net Income 2017 acquisitions $ 6,407,000 $ 1,525,000 Merger with MVP I On December 15, 2017, in connection with the Merger, the Company acquired interests in 31 properties. This included the acquisition of the non-controlling interest MVP I held in five of the Company’s properties. As of December 15, 2017, there were 11,130,295 shares of MVP I common stock issued and outstanding, resulting in all stock consideration of $92,296,038 comprised of 0.365 shares of the Company’s stock in exchange for 1 share of MVP I common stock valued at $22.72 implied per share value. 100% of MVP I stockholders received stock consideration in the Merger resulting in the Company’s then current stockholders owning 40.3% and former MVP I stockholders owning 59.7% of the common stock of the Company outstanding after the consummation of the Merger, as follows: Company common shares outstanding at date of merger 2,451,237 Company common shares issued to MVP I stockholders on date of merger 3,887,513 Total Company common shares outstanding after Merger 6,338,750 ASC 805-10-55-14 states that determining the acquirer shall include a consideration of, among other things, which of the combining entities initiated the combination. As stated in foot note P, the original LOI came from the Company to acquire MVP I. Additionally, no new entity was formed, i.e. “Newco” post-merger. The Company was the surviving entity and MVP I was dissolved. Based on the review of ASC 805-10-55, Management have concluded that the Company is the legal and accounting acquirer in the merger transaction between the Company and MVP I. The aggregate purchase price consideration was allocated to assets and liabilities as follows: Assets Investment in properties $ 155,626,892 Cash and cash equivalents, restricted cash, accounts receivable, prepaid expenses, construction in progress and deferred rental assets 4,433,296 Liabilities and Equity Notes payable (64,299,290) Accounts payable, accrued expenses, deferred revenue, security deposits, liabilities related to assets held for sale and due to related parties (3,464,860) Aggregate merger consideration $ 92,296,038 On December 15, 2017, the closing date, pursuant to the merger agreement, the Company owned 174,026.48 shares of MVP I and these shares were “retired” through the merger and therefore the net merger purchase consideration was valued at $85,701,000. In accordance with ASC 805-10-25-13, the estimated fair values for the assets acquired and the liabilities assumed are preliminary and are subject to change during the measurement period as additional information related to the inputs and assumptions used in determining the fair value of the assets and liabilities becomes available. Subsequent adjustments to the preliminary purchase price allocation are not expected to have a material impact to the Company’s consolidated financial statements. Purchase price allocation was based on the Company’s assessment of the fair value of the acquired assets and liabilities, as summarized below. The fair value of MVP I assets acquired and liabilities assumed consisted of a combination of both the income approach and the sales comparison approach. Furthermore, the assets acquired included assets consisting of a current use of a leased surface parking lot or garage. For these assets, fair value was estimated via the contractual income by applying an estimated capitalization rate based on a variety of factors such as location, development potential, strength of operator, retail leases and overall growth projections. Based on these various factors the resulting capitalization rates ranged from 4% to 8%. Land Building, Site Improvements Equipment Tenant Improvements Lease in Place - Cash and Cash Equivalents, Accounts Receivables, Prepaid Expenses, Construction in Progress and Deferred Rental Assets - Notes payable - Accounts Payable, Deferred Revenue, Security Deposits, Liabilities related to Assets Held for Sale and Due to Related Parties - Pro forma results of the Company The following table of pro forma consolidated results of operations of the Company for the year ended December 31, 2017 and 2016 and assumes that the acquisitions were completed as of January 1, 2016 For the Years Ended December 31, 2017 2016 Revenues from continuing operations $ 20,134,000 $ 16,185,000 Net income (loss) from continuing operations $ (2,561,000) $ 8,596,000 Net income (loss) from continuing operations per share – basic $ (0.95) $ 7.80 Net income (loss) from continuing operations per share – diluted $ (0.95) $ 7.80

Assets Held For Sale

Assets Held For Sale	12 Months Ended
	Dec. 31, 2018
Property, Plant and Equipment [Abstract]
Assets held for sale	Note J — Assets held for sale During the year ended December 31, 2018, the Company had an 87.09% ownership interest in one property that was listed as held for sale, with a carrying value of approximately $6.1 million. This property is accounted for at the fair value based on an appraisal. During June 2016, Minneapolis Venture entered into a PSA to sell the 10th Street lot “as is” to a third party for approximately $6.1 million. During October 2016, the PSA was cancelled. During February 2017, the Company entered into a letter of intent to sell a portion of the property (approximately 2.2 acres) to an unrelated third party for $3.0 million. During October 2018, the Company completed the partial sale for cash consideration of $3.0 million. The remaining portion of the property will be reported as held for use.

Disposition Investments in Real

Disposition Investments in Real Estate	12 Months Ended
	Dec. 31, 2018
Discontinued Operations and Disposal Groups [Abstract]
Disposition Investments in Real Estate	Note K – Disposition of Investments in Real Estate In May 2018, the Company entered into agreements with the Redevelopment Agency for the City of Milwaukee (“RACM”) and the Milwaukee Symphony (“Symphony”), regarding the MVP Milwaukee Wells surface parking lot (the “Lot”), wherein we acquired a parcel of land from RACM for $388,545 and sold a portion of the Lot to the Symphony for $200,000. These transactions resulted in an addition of approximately 5,000 square feet to the Lot and will allow us to add an additional 53 parking spaces. On June 14, 2018, the Company, through entities wholly owned by the Company, sold two surface parking lots in St. Louis for $8.5 million to the Land Clearance For Redevelopment Authority of the City of St. Louis, a public body corporate and politic of the State of Missouri. Additionally, the purchaser agreed to pay 50% of the premium associated with defeasance of two CMBS loans which were cross-collateralized. The loans encumbered the following properties: MVP St. Louis Convention Plaza, MVP St. Louis Lucas, MVP KC Cherry Lot, MVP Indianapolis City Park Garage, and MVP Indianapolis Washington Street Lot. Subsequent to the defeasance of the loan that encumbered MVP Indianapolis City Park Garage and MVP Indianapolis Washington Street Lot, the Company added the two Indianapolis properties to the KeyBank Borrowing Base revolving credit facility, drawing approximately $8.7 million, of which approximately $1.6 million was used to pay down the KeyBank Working Capital revolving credit facility. The following is a summary of the results of operations related to the two surface parking lots in St. Louis for the years ended December 31, 2018 and 2017: For the Years Ended December 31, 2018 2017 Revenue $ 312,000 $ 17,000 Expenses (52,000) (4,000) Income from disposed assets, net of income taxes $ 260,000 $ 13,000 On August 8, 2018 the Company, through entities wholly owned by the Company, sold two surface parking lots in Kansas City for cash consideration of $4.0 million to Block 66, LLC, a third-party buyer. Approximately $2.9 million of the proceeds were used to pay down the KeyBank Working Capital revolving credit facility. The properties were originally purchased in August 2013 and October 2015 by MVP I, for a combined total of $2.1 million. The properties were later acquired by The Parking REIT, Inc. for approximately $2.8 million based upon the allocation of the merger consideration for the merger of MVP I and the Company in December 2017. The following is a summary of the results of operations related to the two surface parking lots in Kansas City for the years ended December 31, 2018 and 2017: For the Years Ended December 31, 2018 2017 Revenue $ 107,000 $ 8,000 Expenses (24,000) (1,000) Income from disposed assets, net of income taxes $ 83,000 $ 7,000 On October 5, 2018, The Parking REIT, Inc., through an entity wholly owned by the Company, completed a partial sale of 36,155 square feet of land adjoining a surface parking lot in Minneapolis for cash consideration of $3.0 million to Camber Lodging, LLC and Amber Lodging, LLC, for a proposed hotel development. The Company originally purchased the approximately 108,000 square foot parcel in January 2016 for $6.1 million. The following is a summary of the results of operations related to the sold portion of the surface parking lot in Minneapolis for the years ended December 31, 2018 and 2017: For the Years Ended December 31, 2018 2017 Revenue $ -- $ 52,000 Expenses (270,000) (11,000) Gain/(Loss) from disposed assets, net of income taxes $ (270,000) $ 41,000 During September 2017, the Company sold one property listed as held for sale for $2.0 million. The Company acquired the property on November 22, 2016 and recorded at the fair value based on an appraisal. During March 2017, Houston Jefferson entered into a purchase and sale agreement to sell the property “as is” to a third party for approximately $2.0 million. During May 2017, this purchase and sale agreement was cancelled. During May and June 2017, another unsolicited third party expressed interest in purchasing the property for $2.0 million and during July 2017, the Company entered into a purchase and sale agreement with this third party, which closed on September 20, 2017. As a result of the sale, the Company recorded a gain of approximately $1.2 million. The following is a summary of the results of operations related to the surface parking lot in Houston for the years ended December 31, 2018 and 2017: For the Years Ended December 31, 2018 2017 Revenue $ -- $ 63,000 Expenses -- (47,000) Income from disposed assets, net of income taxes $ -- $ 16,000

Notes Payable

Notes Payable	12 Months Ended
	Dec. 31, 2018
Debt Disclosure [Abstract]
Notes Payable	Note L — Notes Payable As of December 31, 2018, the principal balances on notes payable are as follows: Property Original Debt Amount Monthly Payment Balance as of 12/31/2018 Lender Term Interest Rate Loan Maturity MVP PF Ft. Lauderdale 2013, LLC (3) $4,300,000 $25,000 $3,830,000 KeyBank 5 Year 4.94% 2/1/2019 MVP Cincinnati Race Street, LLC $2,550,000 Interest Only $2,550,000 Multiple 1 Year 7.50% 3/25/2019 MVP Wildwood NJ Lot, LLC $1,000,000 Interest Only $1,000,000 Tigges Construction Co. 1 Year 7.50% 4/1/2019 The Parking REIT D&O Insurance $390,000 $28,000 $30,000 First Insurance Funding 1 Year 3.70% 4/3/2019 MVP San Jose 88 Garage, LLC $1,645,000 Interest Only $2,500,000 Multiple 1 Year 7.50% 6/3/2019 MVP Raider Park Garage, LLC (4) $7,400,000 Interest Only $7,400,000 LoanCore 2 Year Variable 12/9/2020 MVP New Orleans Rampart, LLC (4) $5,300,000 Interest Only $5,300,000 LoanCore 2 Year Variable 12/9/2020 MVP Hawaii Marks Garage, LLC (4) $13,500,000 Interest Only $13,500,000 LoanCore 2 Year Variable 12/9/2020 MVP Milwaukee Wells, LLC (4) $2,700,000 Interest Only $2,700,000 LoanCore 2 Year Variable 12/9/2020 MVP Indianapolis City Park, LLC (4) $7,200,000 Interest Only $7,200,000 LoanCore 2 Year Variable 12/9/2020 MVP Indianapolis WA Street, LLC (4) $3,400,000 Interest Only $3,400,000 LoanCore 2 Year Variable 12/9/2020 (table continued) Mabley Place Garage, LLC $9,000,000 $44,000 $8,362,000 Barclays 10 year 4.25% 12/6/2024 MVP Houston Saks Garage, LLC $3,650,000 $20,000 $3,357,000 Barclays Bank PLC 10 year 4.25% 8/6/2025 Minneapolis City Parking, LLC $5,250,000 $29,000 $4,928,000 American National Insurance, of NY 10 year 4.50% 5/1/2026 MVP Bridgeport Fairfield Garage, LLC $4,400,000 $23,000 $4,140,000 FBL Financial Group, Inc. 10 year 4.00% 8/1/2026 West 9 th $5,300,000 $30,000 $5,039,000 American National Insurance Co. 10 year 4.50% 11/1/2026 MVP Fort Worth Taylor, LLC $13,150,000 $73,000 $12,528,000 American National Insurance, of NY 10 year 4.50% 12/1/2026 MVP Detroit Center Garage, LLC $31,500,000 $194,000 $30,360,000 Bank of America 10 year 5.52% 2/1/2027 MVP St Louis Washington, LLC (1) $1,380,000 Interest Only $1,380,000 KeyBank 10 year * 4.90% 5/1/2027 St Paul Holiday Garage, LLC (1) $4,132,000 Interest Only $4,132,000 KeyBank 10 year * 4.90% 5/1/2027 Cleveland Lincoln Garage, LLC (1) $3,999,000 Interest Only $3,999,000 KeyBank 10 year * 4.90% 5/1/2027 MVP Denver Sherman, LLC (1) $286,000 Interest Only $286,000 KeyBank 10 year * 4.90% 5/1/2027 MVP Milwaukee Arena Lot, LLC (1) $2,142,000 Interest Only $2,142,000 KeyBank 10 year * 4.90% 5/1/2027 MVP Denver Sherman 1935, LLC (1) $762,000 Interest Only $762,000 KeyBank 10 year * 4.90% 5/1/2027 MVP Louisville Broadway Station, LLC (2) $1,682,000 Interest Only $1,682,000 Cantor Commercial Real Estate 10 year ** 5.03% 5/6/2027 MVP Whitefront Garage, LLC (2) $6,454,000 Interest Only $6,454,000 Cantor Commercial Real Estate 10 year ** 5.03% 5/6/2027 MVP Houston Preston Lot, LLC (2) $1,627,000 Interest Only $1,627,000 Cantor Commercial Real Estate 10 year ** 5.03% 5/6/2027 MVP Houston San Jacinto Lot, LLC (2) $1,820,000 Interest Only $1,820,000 Cantor Commercial Real Estate 10 year ** 5.03% 5/6/2027 St. Louis Broadway, LLC (2) $1,671,000 Interest Only $1,671,000 Cantor Commercial Real Estate 10 year ** 5.03% 5/6/2027 St. Louis Seventh & Cerre, LLC (2) $2,057,000 Interest Only $2,057,000 Cantor Commercial Real Estate 10 year ** 5.03% 5/6/2027 MVP Indianapolis Meridian Lot, LLC (2) $938,000 Interest Only $938,000 Cantor Commercial Real Estate 10 year ** 5.03% 5/6/2027 MVP Preferred Parking, LLC $11,330,000 Interest Only $11,330,000 Key Bank 10 year ** 5.02% 8/1/2027 Less unamortized loan issuance costs ($2,443,000) $155,961,000 (1) The Company issued a promissory note to KeyBank for $12.7 million secured by a pool of properties, including (i) MVP Denver Sherman, LLC, (ii) MVP Denver Sherman 1935, LLC, (iii) MVP Milwaukee Arena, LLC, (iv) MVP St. Louis Washington, LLC, (v) St Paul Holiday Garage, LLC (2) The Company issued a promissory note to Cantor Commercial Real Estate Lending, L.P. (“CCRE”) for $16.25 million secured by a pool of properties, including (i) MVP Indianapolis Meridian Lot, LLC, (ii) MVP Louisville Station Broadway, LLC, (iii) MVP White Front Garage Partners, LLC, (iv) MVP Houston Preston Lot, LLC, (v) MVP Houston San Jacinto Lot, LLC, (vi) St. Louis Broadway Group, LLC, and (vii) St. Louis Seventh & Cerre, LLC. (3) Secured by four properties, including (i) MVP PF Ft. Lauderdale 2013, LLC, (ii) MVP PF Memphis Court 2013, LLC, (iii) MVP PF Memphis Poplar 2013, LLC and (iv) MVP PF St. Louis 2013, LLC). (4) On November 30, 2018, subsidiaries of the Company., consisting of MVP Hawaii Marks Garage, LLC, MVP Indianapolis City Park Garage, LLC, MVP Indianapolis Washington Street Lot, LLC, MVP New Orleans Rampart, LLC, MVP Raider Park Garage, LLC, and MVP Milwaukee Wells LLC (the “Borrowers”) entered into a loan agreement, dated as of November 30, 2018 (the “Loan Agreement”), with LoanCore Capital Credit REIT LLC (the “LoanCore”). Under the terms of the Loan Agreement, LoanCore agreed to loan the Borrowers $39.5 million to repay and discharge the outstanding KeyBank Revolving Credit Facility. The loan is secured by a Mortgage, Assignment of Leases and Rents, Security Agreement and Fixture Filing on each of the properties owned by the Borrowers (the “Properties”). The loan bears interest at a floating rate equal to the sum of one-month LIBOR plus 3.65%, subject to a LIBOR minimum of 1.95%. Additionally, the Borrowers were required to purchase an Interest Rate Protection Agreement which caps its maximum LIBOR at 3.50% for the duration of the loan. Payments are interest-only for the duration of the loan, with the $39.5 million principal repayment due in a balloon payment due on December 9, 2020, with an option to extend the term until December 9, 2021 subject to certain conditions and payment obligations. The Borrowers have the right to prepay all or any part of the loan, subject to payment of any applicable Spread Maintenance Premium and Exit Fee (as defined in the Loan Agreement). The loan is also subject to mandatory prepayment upon certain events of Insured Casualty or Condemnation (as defined in the Loan Agreement). The Borrowers made customary representations and warranties to LoanCore and agreed to maintain certain covenants under the Loan Agreement, including but not limited to, covenants involving their existence; property taxes and other charges; access to properties, repairs, maintenance and alterations; performance of other agreements; environmental matters; title to properties; leases; estoppel statements; management of the Properties; special purpose bankruptcy remote entity status; change in business or operation of the Properties; debt cancellation; affiliate transactions; indebtedness of the Borrowers limited to Permitted Indebtedness (as defined in the Loan Agreement); ground lease reserve relating to MVP New Orleans’ Property; property cash flow allocation; liens on the Properties; ERISA matters; approval of major contracts; payments upon a sale of a Property; and insurance, notice and reporting obligations as set forth in the loan agreement. The Loan Agreement contains customary events of default and indemnification obligations. The loan proceeds were used to repay and discharge the KeyBank Credit Agreement, dated as of December 29, 2017, as amended, per the terms outlined in the third amendment to the Credit Agreement dated September 28, 2018, as previously filed on Form 8-K on October 2, 2018 and incorporated herein by reference. * 2 Year Interest Only ** 10 Year Interest Only The following table shows notes payable that had been paid in full during the year ended December 31, 2018. Property Original Debt Amount Monthly Payment Balance as of 12/31/2018 Lender Term Interest Rate Loan Maturity St. Louis Lucas (1)(3) $3,490,000 $20,000 -- Key Bank 10 year 4.59% 2/1/2026 Indianapolis Garage (2)(3) $8,200,000 $46,000 -- Key Bank 10 year 4.59% 2/1/2026 (1) Secured by three properties, including (i) MVP St. Louis Convention, (ii) MVP St. Louis Lucas and (iii) MVP KC Cherry. (2) Secured by two properties, including (i) MVP Indianapolis City Park and (ii) MVP Indianapolis Washington Street. (3) Loans were defeased through sale of St Louis Lucas and Indianapolis Garage loans. MVP Indianapolis City Park and MVP Indianapolis Washington Street were added to the KeyBank Borrowing Base revolving credit facility, drawing approximately $8.7 million, of which approximately $1.6 million was used to pay down the KeyBank Working Capital revolving credit facility. Total interest expense incurred for the year ended December 31, 2018, was approximately $7.8 million. Total loan amortization cost for the year ended December 31, 2018, was approximately $1.7 million. As of December 31, 2018, future principal payments on the notes payable are as follows: 2019 $ 11,691,000 2020 41,454,000 2021 2,058,000 2022 2,252,000 2023 2,499,000 Thereafter 98,450,000 Less unamortized loan issuance costs (2,443,000) Total $ 155,961,000 As of December 31, 2017, the principal balances on notes payable are as follows Property Original Debt Amount Monthly Payment Balance as of 12/31/2017 Lender Term Interest Rate Loan Maturity West 9 th $5,300,000 $30,000 $5,163,000 American National Insurance Co. 10 year 4.50% 11/1/2026 MVP Detroit Center Garage, LLC $31,500,000 $194,000 $30,970,000 Bank of America 10 year 5.52% 2/1/2027 MVP St Louis Washington, LLC (1) $1,380,000 Interest Only $1,380,000 KeyBank 10 year * 4.90% 5/1/2027 St Paul Holiday Garage, LLC (1) $4,132,000 Interest Only $4,132,000 KeyBank 10 year * 4.90% 5/1/2027 Cleveland Lincoln Garage, LLC (1) $3,999,000 Interest Only $3,999,000 KeyBank 10 year * 4.90% 5/1/2027 Louisville Broadway Station, LLC (4) $1,682,000 Interest Only $1,682,000 Cantor Commercial Real Estate 10 year ** 5.03% 5/6/2027 Whitefront Garage, LLC (2) $6,454,000 Interest Only $6,454,000 Cantor Commercial Real Estate 10 year ** 5.03% 5/6/2027 MVP Houston Preston Lot, LLC (2) $1,627,000 Interest Only $1,627,000 Cantor Commercial Real Estate 10 year ** 5.03% 5/6/2027 MVP Houston San Jacinto Lot, LLC (2) $1,820,000 Interest Only $1,820,000 Cantor Commercial Real Estate 10 year ** 5.03% 5/6/2027 St. Louis Broadway, LLC (2) $1,671,000 Interest Only $1,671,000 Cantor Commercial Real Estate 10 year ** 5.03% 5/6/2027 St. Louis Seventh & Cerre, LLC (2) $2,058,000 Interest Only $2,058,000 Cantor Commercial Real Estate 10 year ** 5.03% 5/6/2027 MVP Preferred Parking, LLC (1) $11,330,000 Interest Only $11,330,000 Key Bank 10 year ** 5.02% 8/1/2027 MVP PF Ft. Lauderdale 2013, LLC (3) $4,300,000 $25,000 $3,935,000 KeyBank 5 Year 4.94% 2/1/2019 Mabley Place Garage, LLC $9,000,000 $44,000 $8,530,000 Barclays 10 year 4.25% 12/6/2024 MVP Denver Sherman, LLC (1) $286,000 Interest Only $286,000 KeyBank 10 year ** 4.90% 5/1/2027 MVP Fort Worth Taylor, LLC $13,150,000 $73,000 $12,834,000 American National Insurance, of NY 10 year 4.50% 12/1/2026 MVP Houston Saks Garage, LLC $3,650,000 $20,000 $3,447,000 Barclays Bank PLC 10 year 4.25% 8/6/2025 MVP St. Louis Lucas, LLC (4) $3,490,000 $20,000 $3,345,000 Key Bank 10 year 4.59% 2/1/2026 MVP Indianapolis City Park, LLC (5) $8,200,000 $46,000 $7,860,000 Key Bank 10 year 4.59% 2/1/2026 MVP Indianapolis Meridian Lot, LLC (2) $938,000 Interest Only $938,000 Cantor Commercial Real Estate 10 year ** 5.03% 5/6/2027 MVP Milwaukee Arena Lot, LLC (1) $2,142,000 Interest Only $2,142,000 KeyBank 10 year ** 4.90% 5/1/2027 MVP Denver Sherman 1935, LLC (1) $762,000 Interest Only $762,000 KeyBank 10 year ** 4.90% 5/1/2027 Minneapolis City Parking, LLC $5,250,000 $29,000 $5,053,000 American National Insurance, of NY 10 year 4.50% 5/1/2026 MVP Bridgeport Fairfield Garage, LLC $4,400,000 $23,000 $4,252,000 FBL Financial Group, Inc. 10 year 4.00% 8/1/2026 Less unamortized loan issuance costs ($1,900,000) $123,770,000 (1) The Company issued a promissory note to KeyBank for $12.7 million secured by a pool of properties, including (i) MVP Denver Sherman, LLC, (ii) MVP Denver Sherman 1935, LLC, (iii) MVP Milwaukee Arena, LLC, (iv) MVP St. Louis Washington, LLC, (v) MVP Louisville Station Broadway, LLC and (vi) Cleveland Lincoln Garage Owners, LLC. (2) The Company issued a promissory note to Cantor Commercial Real Estate Lending, L.P. (“CCRE”) for $16.25 million secured by a pool of properties, including (i) MVP Indianapolis Meridian Lot, LLC, (ii) MVP Louisville Station Broadway, LLC, (iii) White Front Garage Partners, LLC, (iv) MVP Houston Preston Lot, LLC, (v) MVP Houston San Jacinto Lot, LLC, (vi) St. Louis Broadway Group, LLC, and (vii) St. Louis Seventh & Cerre, LLC. (3) Secured by four properties facilities, including (i) MVP PF Ft. Lauderdale 2013, LLC, (ii) MVP PF Memphis Court 2013, LLC, (iii) MVP PF Memphis Poplar 2013, LLC and (iv) MVP PF St. Louis 2013, LLC). (4) Secured by three properties, including (i) MVP St. Louis Convention, (ii) MVP St. Louis Lucas and (iii) MVP KC Cherry. (5) Secured by two properties, including (i) MVP Indianapolis City Park and (ii) MVP Indianapolis Washington Street. * 2 Year Interest Only ** 10 Year Interest Only The following table shows notes payable that had been paid in full during the year ending December 31, 2017. Property Original Debt Amount Monthly Payment Balance as of 12/31/2017 Lender Term Interest Rate Loan Maturity D&O Financing $140,000 $14,000 -- 1 Year 3.81% 8/3/2017 JNL Parking $300,000 -- -- JNL Parking 3 Months (I/O) 1.00% 9/30/2017 iPark $500,000 -- -- iPark Services, LLC 3 Months (I/O) 5.75% 9/30/2017 MVP Realty Advisors $2,100,000 -- -- MVP Realty Advisors 1 Year (I/O) 5.00% 6/30/2018 MVP San Jose 88 Garage, LLC $2,200,000 Interest Only -- Owens Realty Mortgage, Inc. 2 year (I/O) 7.75% 1/15/2019 MVP Cincinnati Race Street Garage, LLC $3,000,000 Interest Only -- Moonshell, LLC 3 Months (I/O) 9.00% 1/10/2018 Total interest expense incurred for the year ended December 31, 2017 was approximately $4.7 million. Total loan amortization cost for the year ended December 31, 2017 was approximately $1.9 million. As of December 31, 2017, future principal payments on the notes payable are as follows: 2018 $ 1,925,000 2019 5,901,000 2020 2,259,000 2021 2,378,000 2022 2,586,000 Thereafter 110,617,000 Less unamortized loan issuance costs (1,896,000) Total $ 123,770,000

Fair Value

Fair Value	12 Months Ended
	Dec. 31, 2018
Fair Value Disclosures [Abstract]
Fair Value	Note M — Fair Value A fair value measurement is based on the assumptions that market participants would use in pricing an asset or liability in an orderly transaction. The hierarchy for inputs used in measuring fair value are as follows: 1. 2. 3. In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the level within which the fair value measurement is categorized is based on the lowest level input that is significant to the fair value measurement. The Company's financial instruments include cash and cash equivalents, restricted cash, accounts payable and accrued expenses. Due to their short maturities, the carrying amounts of these assets and liabilities approximate fair value. Assets and liabilities measured at fair value Level 3 on a non-recurring basis may include Assets Held for Sale.

Investment In DST

Investment In DST	12 Months Ended
	Dec. 31, 2018
Real Estate [Abstract]
Investment In DST	Note N – Investment In DST On May 31, 2017, the Company, through a wholly-owned subsidiary of its Operating Partnership, purchased a 51.0% beneficial interest in MVP St. Louis Cardinal Lot, DST, a Delaware Statutory Trust (“MVP St. Louis”), for approximately $2.8 million. MVP St. Louis is the owner of a 2.56-acre, 376-vehicle commercial parking lot located at 500 South Broadway, St. Louis, Missouri 63103, known as the Cardinal Lot (the “Property”), which is adjacent to Busch Stadium, the home of the St. Louis Cardinals major league baseball team. The Property was purchased by MVP St. Louis from an unaffiliated seller for a purchase price of $11,350,000, plus payment of closing costs, financing costs, and related transactional costs. Concurrently with the acquisition of the Property, MVP St. Louis obtained a first mortgage loan from Cantor Commercial Real Estate Lending, L.P (“St. Louis Lender”), in the principal amount of $6,000,000, with a 10-year, interest-only term at a fixed interest rate of 5.25%, resulting in an annual debt service payment of $315,000 (the “St. Louis Loan”). MVP St. Louis used the Company’s investment to fund a portion of the purchase price for the Property. The remaining equity portion was funded through short-term investments by VRM II, an affiliate of the Advisor, pending the private placements of additional beneficial interest in MVP St. Louis exempt from registration under the Securities Act. VRM II and Michael V. Shustek, the Company’s Chairman and Chief Executive Officer, provided non-recourse carveout guaranties of the loan and environmental indemnities of St. Louis Lender. Also, concurrently with the acquisition of the Property, MVP St. Louis, as landlord, entered into a 10-year master lease (the “St. Louis Master Lease”), with MVP St. Louis Cardinal Lot Master Tenant, LLC, an affiliate of MVP Realty, as tenant, (the “St. Louis Master Tenant”). St. Louis Master Tenant, in turn, concurrently entered into a 10-year sublease with Premier Parking of Missouri, LLC. The St. Louis Master Lease provides for annual rent payable monthly to MVP St. Louis, consisting of base rent in an amount to pay debt service on the St. Louis Loan, stated rent of $414,000 and potential bonus rent equal to a share of the revenues payable under the sublease in excess of a threshold. The Company will be entitled to its proportionate share of the rent payments based on its ownership interest. Under the St. Louis Master Lease, MVP St. Louis is responsible for capital expenditures and the St. Louis Master Tenant is responsible for taxes, insurance and operating expenses. Investment income earned was distributed to the Company for the years ended December 31, 2018 and 2017 totaled approximately $205,000 and $105,000, respectively. The Company conducted an analysis and concluded that the 51% investment in the DST should not be consolidated. As a DST, the entity is subject to the Variable Interest Entity (“VIE”) Model under ASC 810-10. As stated in ASC 810: “A controlling financial interest in the VIE model requires both of the following: a. The power to direct the activities that most significantly impact the VIE’s economic performance b. The obligation to absorb losses of the VIE that could potentially be significant to the VIE or the right to receive benefits from the VIE that could potentially be significant to the VIE.” As a VIE, the DST is governed in a manner similar to a limited partnership (i.e., there are trustees and there is no board) and the Company, as a beneficial owner, lacks the power though voting rights or otherwise to direct the activities of the DST that most significantly impact the entity’s economic performance. Specifically, the beneficial interest owners do not have the rights set forth in ASC 810-10-15-14(b)(1)(ii) – the beneficial owners can only remove the trustees if the trustees have engaged in fraud or gross negligence with respect to the trust and the beneficial owners have no substantive participating rights over the trustees. The Advisor is the advisor to the Company pursuant to the Amended and Restated Advisory Agreement. The Company is controlled by its independent board of directors and its shareholders. As noted in the Amended and Restated Advisory Agreement, the agreement is effective for one year to be renewed for an unlimited number of successive one-year terms, as approved by the board of directors. The Amended and Restated Advisory Agreement may be terminated by the board of directors at any time upon a written 60-day notice. In addition, the Advisor is the 100% direct/indirect owner of the MVP Parking DST, LLC (“DST Sponsor”), the MVP St. Louis Cardinal Lot Signature Trustee, LLC (“Signature Trustee”) and MVP St. Louis Cardinal Lot Master Tenant, LLC (the “Master Tenant”), who have no direct or indirect ownership in the Company. The Signature Trustee and the Master Tenant can direct the most significant activities of the DST. The Advisor controls and consolidates the Signature Trustee, the Master Tenant, and the DST Sponsor. The Company concluded the Master Tenant/property management agreement exposes the Master Tenant to funding operating losses of the Property. As such, that agreement should be considered a variable interest in DST (ASC 810-10-55-37 and 810-10-55-37C). Accordingly, the Advisor has a variable interest in the DST (through the master tenant/property manager) and has power over the significant activities of the DST (through the Signature Trustee and the master tenant/property manager). Accordingly, the Company believes that the Master Tenant is the primary beneficiary of the DST, which is ultimately owned and controlled by the Advisor. In addition, the Company does not have the power to direct or change the activities of the Trust and shares income and losses pari passu with the other owners. As such, the Company accounts for its investment under the equity method and does not consolidate its investment in the DST. Summarized Balance Sheets—Unconsolidated Real Estate Affiliates—Equity Method Investments December 31, 2018 December 31, 2017 (Unaudited) (Unaudited) ASSETS Investments in real estate and fixed assets $ 11,512,000 $ 11,512,000 Cash 32,000 26,000 Cash – restricted 15,000 5,000 Accounts receivable 141,000 Prepaid expenses 8,000 82,000 Total assets $ 11,708,000 $ 11,625,000 LIABILITIES AND EQUITY Liabilities Notes payable, net of unamortized loan issuance costs of approximately $62,000 and $65,000 as of December 31, 2018 and 2017 , respectively $ 5,945,000 $ 5,935,000 Accounts payable and accrued liabilities 63,000 61,000 Due to related party 181,000 87,000 Total liabilities 6,189,000 6,083,000 Equity Member’s equity 6,129,000 6,129,000 Offering costs (574,000) (574,000) Accumulated earnings 606,000 225,000 Distributions to members (642,000) (238,000) Total equity 5,519,000 5,542,000 Total liabilities and equity $ 11,708,000 $ 11,625,000 Summarized Statements of Operations—Unconsolidated Real Estate Affiliates—Equity Method Investments For the Year Ended December 31, 2018 For the Period from June 1, 2017 through December 31, 2017 Revenue $ 729,000 $ 425,000 Expenses (348,000) (200,000) Net income $ 381,000 $ 225,000

Investment in Equity Method Inv

Investment in Equity Method Investee	12 Months Ended
	Dec. 31, 2018
Equity Method Investments and Joint Ventures [Abstract]
Investment in Equity Method Investee	Note O — Investment in Equity Method Investee The Company did not have any investment in equity method investee holdings for the year ended December 31, 2018. Prior to the Merger, the Company held an investment in equity method investee in the following companies. Upon completion of the Merger on December 15, 2017 these properties were fully consolidated with the Company. MVP Denver 1935 Sherman, LLC On February 12, 2016, the Company along with MVP I, through MVP Denver 1935 Sherman, LLC (“MVP Denver”), a Nevada limited liability company owned 24.49% by the Company and 75.51% by MVP I, closed on the purchase of a parking lot for approximately $2.4 million in cash, of which the Company’s share was approximately $0.6 million. The parking lot is located at 1935 Sherman Avenue, Denver, Colorado (the “Denver parking lot”). The Denver parking lot consists of approximately 18,765 square feet and has approximately 72 parking spaces. under a net lease agreement where MVP Denver is responsible for property taxes and SP+ pays for all insurance and maintenance costs. SP+ pays annual rent of $120,000. In addition, the lease provides revenue participation with MVP Denver receiving 70% of gross receipts over $160,000. The term of the lease is for 10 years. Summarized Statements of Operations—Unconsolidated Real Estate Affiliates—Equity Method Investments— MVP Denver For the Period from June 1, 2017 through December 15, 2017 Revenue $ 115,000 Expenses (77,000) Net income $ 38,000 Houston Preston Lot On November 22, 2016, the Company and MVP I , through MVP Houston Preston Lot, LLC, a Delaware limited liability company (“MVP Preston”), an entity wholly owned by the Company, The parking lot is under a 10-year lease with iPark Services LLC (“iPark”), a regional parking operator, under a modified net lease agreement where MVP Preston is responsible for property taxes above a $38,238 threshold, and iPark pays for insurance and maintenance costs. iPark pays annual rent of $228,000. In addition, the lease provides revenue participation with MVP Preston receiving 65% of gross receipts over $300,000. The term of the lease is for 10 years. During April 2017, the company increased their ownership interest in the MVP Houston Preston Lot from 20% to 60%, by purchasing $1.12 million of MVP I ownership and will now be considered the controlling party. Summarized Statements of Operations—Unconsolidated Real Estate Affiliates—Equity Method Investments— MVP Preston For the Period from June 1, 2017 through April 31, 2017 Revenue $ 76,000 Expenses (13,000) Net income $ 63,000

Merger

Merger	12 Months Ended
	Dec. 31, 2018
Business Combinations [Abstract]
Merger	Note P – Merger On May 26, 2017, the Company, MVP I, Merger Sub, and the Advisor entered into the Merger Agreement. Subject to the terms and conditions of the Merger Agreement, MVP I merged with and into Merger Sub on December 15, 2017, with Merger Sub surviving the Merger, such that following the Merger, the Merger Sub continued as a wholly owned subsidiary of the Company. The Merger is intended to qualify as a “reorganization” under, and within the meaning of, Section 368(a) of the Code. The combined company was subsequently renamed "The Parking REIT, Inc." Subject to the terms and conditions of the Merger Agreement, at the effective time of the Merger, each outstanding share of MVP I Common Stock was automatically cancelled and retired and converted into the right to receive 0.365 shares of common stock of the Company. Holders of shares of MVP I Common Stock received cash in lieu of fractional shares. At the effective time of the Merger, each share of MVP I Common Stock, if any, then held by any wholly owned subsidiary of MVP I or by the Company or any of its wholly owned subsidiaries was no longer outstanding and was automatically retired and ceased to exist, and no consideration was paid, nor will any other payment or right inure or be made with respect to such shares of MVP I Common Stock in connection with or as a consequence of the Merger. In addition, each share of MVP I’s Non-Participating, Non-Voting Convertible Stock, $0.001 par value per share (“MVP I Convertible Stock”), all 1,000 of which are held by the Advisor, was automatically retired and ceased to exist, and no consideration was paid, nor will any other payment or right inure or be made with respect to such shares of MVP I Convertible Stock in connection with or as a consequence of the Merger. Amended and Restated Advisory Agreement Concurrently with the entry into the Merger Agreement, on May 26, 2017, the Company, the Operating Partnership and the Advisor entered into the Amended and Restated Advisory Agreement, which became effective at the effective time of the Merger. The Amended and Restated Advisory Agreement amended the Company’s existing advisory agreement, dated October 5, 2015, to provide for, among other amendments, (i) elimination of acquisition fees, disposition fees and subordinated performance fees and (ii) the payment of an asset management fee by the Company to the Advisor calculated and paid monthly in an amount equal to one-twelfth of 1.1% of the (a) cost of each asset then held by the Company, without deduction for depreciation, bad debts or other non-cash reserves, or (b) 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 (b)) debt financing on the investment. Pursuant to the Amended and Restated Advisory Agreement, the asset management fee may not exceed $2,000,000 per annum (the “Asset Management Fee Cap”) until the earlier of such time, if ever, that (i) the Company holds assets with an Appraised Value (as defined Amended and Restated Advisory Agreement) equal to or in excess of $500,000,000 or (ii) the Company reports AFFO (as defined in the Amended and Restated Advisory Agreement) equal to or greater than $0.3125 per share of the Company’s common stock (an amount intended to reflect a 5% or greater annualized return on $25.00 per share of the Company’s common stock) (the “Per Share Amount”) for two consecutive quarters, on a fully diluted basis. All amounts of the asset management fee in excess of the Asset Management Fee Cap, plus interest thereon at a rate of 3.5% per annum, will be due and payable by the Company no later than ninety (90) days after the earlier of the date that (i) the Company holds assets with an Appraised Value equal to or in excess of $500,000,000 or (ii) the Company reports AFFO per share of Company’s common stock equal to or greater than the Per Share Amount for two consecutive quarters, on a fully diluted basis. On September 21, 2018, the Company entered into a Third Amended and Restated Advisory Agreement with the Advisor. The Third Amended Advisory Agreement will become effective and replace the existing advisory agreement upon the listing of the shares of our common stock on any national exchange, unless the Company completes an internalization transaction before listing, in which case, the Company expects that the advisory agreement will be terminated as part of the internalization transaction. The Third Amended and Restated Advisory Agreement is filed as an exhibit to the Company’s Current Report on Form 8-K filed with the SEC on September 26, 2018. Termination Agreement Concurrently with the entry into the Merger Agreement, on May 26, 2017, the Company, MVP I, the Advisor and the Operating Partnership entered into the Termination Agreement. Pursuant to the Termination Agreement, at the effective time of the Merger, the Advisory Agreement, dated September 25, 2012, as amended, among MVP I and the Advisor was terminated, and the Company paid the Advisor an Advisor Acquisition Payment (as such term is defined in the Termination Agreement) of approximately $3.6 million, which was the only fee payable to the Advisor in connection with the Merger. The foregoing description of the Merger Agreement, the Amended and Restated Advisory Agreement and the Termination Agreement is only a summary, does not purport to be complete and is qualified in its entirety by reference to the full text of the applicable agreements, each of which is filed as an exhibit to the Company’s Current Report on Form 8-K filed with the SEC on May 31, 2017. Amended Charter In connection with the Merger, at the Company’s annual stockholders’ meeting held on September 27, 2017, the Company’s stockholders approved, among other matters, the amendment and restatement of its charter (the “Amended Charter”). As described in more detail in the final proxy statement distributed to the Company’s stockholders for the annual meeting, the Amended Charter is primarily intended to accomplish two objectives in connection with the possible listing of the Company’s common stock after the closing of the Merger: (1) to remove provisions of the Company’s charter that it believes may unnecessarily restrict the Company’s ability to take advantage of further opportunities for liquidity events or are redundant with or otherwise addressed or permitted to be addressed under Maryland law and (2) to amend certain provisions in a manner that the Company believes would be more suitable for becoming a publicly-traded REIT. The Amended Charter will become effective upon its filing with the State Department of Assessments and Taxation of Maryland. We expect to file the proposed Amended Charter immediately before the Company’s common stock becomes listed for trading on a national securities exchange. This means that the changes to the charter will not be effective unless and until the Company completes an exchange listing.

Income Taxes and Critical Accou

Income Taxes and Critical Accounting Policy	12 Months Ended
	Dec. 31, 2018
Income Tax Disclosure [Abstract]
Income Taxes and Critical Accounting Policy	Note Q — Income Taxes and Critical Accounting Policy Income Taxes and Distributions As a REIT, the Company generally will not be subject to federal income tax on taxable income distributed to the stockholders. In 2018, the Company has no distributable taxable income. In addition, the Company 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, 2018, 2017 and 2016 is as follows: 2018 2017 2016 Ordinary $ -- $ -- $ -- Capital Gain -- -- -- Return of Capital 3,933,000 2,399,000 732,000 $ 3,933,000 $ 2,399,000 $ 732,000

Preferred Stock and Warrants

Preferred Stock and Warrants	12 Months Ended
	Dec. 31, 2018
Equity [Abstract]
Preferred Stock and Warrants	Note R —Preferred Stock and Warrants The Company reviewed the relevant ASC’s, specifically ASC 480 – Distinguishing Liabilities from Equity and ASC 815 – Derivatives and Hedging, in connection with the presentation of the Series A and Series 1 preferred stock. Below is a summary of the Company’s preferred stock offerings. Series A Preferred Stock On November 1, 2016, the Company commenced an offering of up to $50 million in shares of the Company’s Series A Convertible Redeemable Preferred Stock (“Series A”), par value $0.0001 per share, together with warrants to acquire the Company’s common stock, in a Regulation D 506(c) private placement to accredited investors. In connection with the private placement, on October 27, 2016, the Company filed with the State Department of Assessments and Taxation of Maryland Articles Supplementary to the charter of the Company classifying and designating 50,000 shares of Series A Convertible Redeemable Preferred Stock. The Company closed the offering on March 24, 2017 and raised approximately $2.5 million, net of offering costs, in the Series A private placements. The holders of the Series A Preferred Stock are entitled to receive, when and as authorized by the board of directors and declared by the Company out of funds legally available for the payment of dividends, cash dividends at the rate of 5.75% per annum of the initial stated value of $1,000 per share. Since a Listing Event, as defined in the charter, did not occur by March 31, 2018, the cash dividend rate has been increased to 7.50%, until a Listing Event at which time, the annual dividend rate will be reduced to 5.75% of the Stated Value. Based on the number of Series A shares outstanding at December 31, 2018, the increased dividend rate would cost the Company approximately $13,000 more per quarter in Series A dividends. Subject to the Company’s redemption rights as described below, each Series A share will be convertible into shares of the Company’s common stock, at the election of the holder thereof by written notice to the Company (each, a “Series A Conversion Notice”) containing the information required by the charter, at any time beginning upon the earlier of (i) 90 days after the occurrence of a Listing Event or (ii) the second anniversary of the final closing of the Series A offering (whether or not a Listing Event has occurred). Each Series A share will convert into a number of shares of the Company’s common stock determined by dividing (i) the sum of (A) 100% of the Stated Value, initially $1,000, plus (B) any accrued but unpaid dividends to, but not including, the date of conversion, by (ii) the conversion price for each share of the Company’s common stock (the “Series A Conversion Price”) determined as follows: · Provided there has been a Listing Event, if a Series A Conversion Notice with respect to any Series A share is received on or prior to the day immediately preceding the first anniversary of the issuance of such share, the Series A Conversion Price will be equal to 110% of the volume weighted average price per share of the common stock of the Company (or its successor) for the 20 trading days prior to the delivery date of the Series A Conversion Notice. · Provided there has been a Listing Event, if a Series A Conversion Notice with respect to any Series A share is received after the first anniversary of the issuance of such share, the Series A Conversion Price will be equal to the volume weighted average price per share of the common stock of the Company (or its successor) for the 20 trading days prior to the delivery date of the Series A Conversion Notice. · If a Series A Conversion Notice with respect to any Series A share is received on or after the second anniversary of the final closing of the Series A offering, and at the time of receipt of such Series A Conversion Notice, a Listing Event has not occurred, the Series A Conversion Price will be equal to 100% of the Company’s net asset value per share. If the Amended Charter (as hereinafter defined) becomes effective, the date by which holders of Series A must provide notice of conversion will be changed from the day immediately preceding the first anniversary of the issuance of such share to December 31, 2017. This change will conform the terms of the Series A with the terms of the Series 1 with respect to conversions. At any time, from time to time, after the 20th trading day after the date of a Listing Event, the Company (or its successor) will have the right (but not the obligation) to redeem, in whole or in part, the Series A at the redemption price equal to 100% of the Stated Value, initially $1,000 per share, plus any accrued but unpaid dividends if any, to and including the date fixed for redemption. If the Company (or its successor) chooses to redeem any Shares, the Company (or its successor) has the right, in its sole discretion, to pay the redemption price in cash or in equal value of common stock of the Company (or its successor), based on the volume weighted average price per share of the common stock of the Company (or its successor) for the 20 trading days prior to the redemption, in exchange for the Series A. The Company (or its successor) also will have the right (but not the obligation) to redeem all or any portion of the Series A subject to a Series A Conversion Notice for a cash payment to the holder thereof equal to the applicable redemption price, by delivering a redemption notice to the holder of such Shares on or prior to the 10th trading day prior to the close of trading on the applicable Conversion Date. Each investor in the Series A received, for every $1,000 in shares subscribed by such investor, detachable warrants to purchase 30 shares of the Company’s common stock if the Company’s common stock is listed on a national securities exchange. The warrants’ exercise price is equal to 110% of the volume weighted average closing stock price of the Company’s common stock over a specified period as determined in accordance with the terms of the warrant; however, in no event shall the exercise price be less than $25 per share. As of December 31, 2018, there were detachable warrants that may be exercised for 84,510 shares of the Company’s common stock after the 90th day following the occurrence of a listing event. These potential warrants will expire five years from the 90th day after the occurrence of a listing event. If all the potential warrants outstanding at December 31, 2018 became exercisable because of a listing event and were exercised at the minimum price of $25 per share, gross proceeds to the Company would be approximately $2.1 million and the Company would as a result issue an additional 84,510 shares of common stock. As of the date of this filing the Company had an estimated fair market value of potential warrants that was immaterial. Series 1 Preferred Stock On March 29, 2017, the Company filed with the State Department of Assessments and Taxation of Maryland Articles Supplementary to the charter of the Company classifying and designating 97,000 shares of its authorized capital stock as shares of Series 1 Convertible Redeemable Preferred Stock ("Series 1"), par value $0.0001 per share. On April 7, 2017, the Company commenced the Regulation D 506(b) private placement of shares of Series 1, together with warrants to acquire the Company’s common stock, to accredited investors. On January 31, 2018 the Company closed this offering. The holders of the Series 1 Preferred Stock are entitled to receive, when and as authorized by the Company’s board of directors and declared by us out of legally available funds, cumulative, cash dividends on each Share at an annual rate of 5.50% of the Stated Value pari passu with the dividend preference of the Series A Preferred Stock and in preference to any payment of any dividend on the Company’s common stock; provided, however, that Qualified Purchasers (who purchased $1.0 million or more in a single closing) are entitled to receive, when and as authorized by the Company’s board of directors and declared by us out of legally available funds, cumulative, cash dividends on each Series 1 share held by such Qualified Purchaser at an annual rate of 5.75% of the Stated Value (instead of the annual rate of 5.50% for all other holders of the Series 1 shares) until April 7, 2018, at which time, the annual dividend rate will be reduced to 5.50% of Stated Value; provided further, however, that since a Listing Event has not occurred by April 7, 2018, the annual dividend rate on all Series 1 shares (without regard to Qualified Purchaser status) has been increased to 7.00% of the Stated Value until the occurrence of a Listing Event, at which time, the annual dividend rate will be reduced to 5.50% of the Stated Value. Based on the number of Series 1 shares outstanding at December 31, 2018, the increased dividend rate would cost the Company approximately $150,000 more per quarter in Series 1 dividends. Subject to the Company’s redemption rights as described below, each Series 1 share will be convertible into shares of the Company’s common stock, at the election of the holder thereof by written notice to the Company (each, a “Series 1 Conversion Notice”) containing the information required by the charter, at any time beginning upon the earlier of (i) 45 days after the occurrence of a Listing Event or (ii) April 7, 2019 (whether or not a Listing Event has occurred). Each Series 1 share will convert into a number of shares of the Company’s common stock determined by dividing (i) the sum of (A) 100% of the Stated Value, initially $1,000, plus (B) any accrued but unpaid dividends to, but not including, the date of conversion, by (ii) the conversion price for each share of the Company’s common stock (the “Series 1 Conversion Price”) determined as follows: · Provided there has been a Listing Event, if a Series 1 Conversion Notice is received prior to December 1, 2017, the Series 1 Conversion Price will be equal to 110% of the volume weighted average price per share of the common stock of the Company (or its successor) for the 20 trading days prior to the delivery date of the Series 1 Conversion Notice. · Provided there has been a Listing Event, if a Series 1 Conversion Notice is received on or after December 1, 2017, the Series 1 Conversion Price will be equal to the volume weighted average price per share of the common stock of the Company (or its successor) for the 20 trading days prior to the delivery date of the Series 1 Conversion Notice. · If a Series 1 Conversion Notice is received on or after April 7, 2019, and at the time of receipt of such Series 1 Conversion Notice, a Listing Event has not occurred, the Series 1 Conversion Price for such Share will be equal to 100% of the Company’s net asset value per share, or NAV per share. At any time, from time to time, on and after the later of (i) the 20th trading day after the date of a Listing Event, if any, or (ii) April 7, 2018, the Company (or its successor) will have the right (but not the obligation) to redeem, in whole or in part, the Series 1 Preferred Stock at the redemption price equal to 100% of the Stated Value, initially $1,000 per share, plus any accrued but unpaid dividends if any, to and including the date fixed for redemption. In case of any redemption of less than all of the shares by the Company, the shares to be redeemed will be selected either pro rata or in such other manner as the board of directors may determine. If the Company (or its successor) chooses to redeem any shares, the Company (or its successor) has the right, in its sole discretion, to pay the redemption price in cash or in equal value of common stock of the Company (or its successor), based on the volume weighted average price per share of the common stock of the Company (or its successor) for the 20 trading days prior to the redemption, in exchange for the shares. The Company (or its successor) also will have the right (but not the obligation) to redeem all or any portion of the Series 1 Preferred Stock subject to a Series 1 Conversion Notice for a cash payment to the holder thereof equal to the applicable redemption price, by delivering a Redemption Notice to the holder of such Shares on or prior to the 10 th Each investor in the Series 1 received, for every $1,000 in shares subscribed by such investor, detachable warrants to purchase 35 shares of the Company’s common stock if the Company’s common stock is listed on a national securities exchange. The warrants’ exercise price is equal to 110% of the volume weighted average closing stock price of the Company’s common stock over a specified period as determined in accordance with the terms of the warrant; however, in no event shall the exercise price be less than $25 per share. As of December 31, 2018, there were detachable warrants that may be exercised for 1,382,675 shares of the Company’s common stock after the 90th day following the occurrence of a listing event. These potential warrants will expire five years from the 90th day after the occurrence of a listing event. If all the potential warrants outstanding at December 31, 2018 became exercisable because of a listing event and were exercised at the minimum price of $25 per share, gross proceeds to the Company would be approximately $34.6 million and as a result the Company would issue an additional 1,382,675 shares of common stock. As of the date of this filing the Company had an estimated fair market value of potential warrants that was immaterial.

Subsequent Events

Subsequent Events	12 Months Ended
	Dec. 31, 2018
Subsequent Events [Abstract]
Subsequent Events	Note S — Subsequent Events As of the date of the filing of this report, the Company continues to be managed externally by the Advisor. The independent members of the Company’s board of directors and the Advisor have been engaged in discussions regarding a potential internalization transaction. If the Company and the Advisor are able to reach agreement on an internalization transaction, the Company expects to acquire substantially all of the assets of the Advisor and hire certain employees of the Advisor to continue to manage the Company’s investment portfolio. No assurances can be given that the Company and the Advisor will reach agreement on the consideration and other terms providing for an internalization of the management of the Company within any particular time frame or at all. For more information on risks and uncertainties regarding a potential internalization transaction, please see Item 1A – Risk Factors – Risk Related to Conflicts of Interest – A stockholder’s interest in us could be diluted and we could incur other significant costs associated with being self-managed if we internalize our management functions On February 8, 2019, subsidiaries of the Company, consisting of MVP PF St. Louis 2013, LLC (“MVP St. Louis”), and MVP PF Memphis Poplar 2013 (“MVP Memphis Poplar”), LLC entered into a loan agreement, dated as of February 8, 2019, with LoanCore Capital Credit REIT LLC (“LoanCore”). Under the terms of the Loan Agreement, LoanCore agreed to loan MVP St. Louis and MVP Memphis Poplar $5.5 million to repay and discharge the outstanding KeyBank loan agreement. The loan is secured by a Mortgage, Assignment of Leases and Rents, Security Agreement and Fixture Filing on each of the properties owned by MVP St. Louis and MVP Memphis Poplar.

Schedule III - Real Estate and

Schedule III - Real Estate and Accumulated Depreciation	12 Months Ended
	Dec. 31, 2018
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation Disclosure [Abstract]
Schedule III Real Estate and Accumulated Depreciation	SCHEDULE III REAL ESTATE AND ACCUMULATED DEPRECIATION December 31, 2018 Initial Cost Gross Carrying Amount at December 31, 2018 Description ST Encumbrance Land Buildings and Improvements Total Cost Capitalized Subsequent to Acquisition Land Building and Improvements Total Accumulated Depreciation (1) Date Acquired Life on which depr in latest statement is computed West 9th Street OH $ -- $ 5,675,000 $ -- $ 5,675,000 $ -- $ 5,845,000 $ -- $ 5,845,000 $ 13,000 2016 15 Crown Colony OH -- 3,030,000 -- 3,030,000 -- 3,050,000 -- 3,050,000 2,000 2016 15 San Jose CA -- 1,073,000 2,503,000 3,576,000 -- 1,073,000 2,771,000 3,844,000 191,000 2016 39,15 MCI 1372 Street OH -- 700,000 -- 700,000 -- 700,000 -- 700,000 -- 2016 N/A Cincinnati Race Street OH -- 2,142,000 2,358,000 4,500,000 -- 2,142,000 4,158,000 6,300,000 229,000 2016 39,15 St Louis Washington MO -- 3,000,000 -- 3,000,000 -- 3,007,000 -- 3,007,000 -- 2016 15 St Paul Holiday Garage MN -- 1,673,000 6,527,000 8,200,000 -- 1,673,000 6,723,000 8,396,000 413,000 2016 39,15 Louisville Station KY -- 3,050,000 -- 3,050,000 -- 3,107,000 -- 3,107,000 6,000 2016 15 Whitefront Garage TN -- 3,116,000 8,380,000 11,496,000 -- 3,116,000 8,556,000 11,672,000 500,000 2016 39,15 Cleveland Lincoln Garage OH -- 2,195,000 5,122,000 7,317,000 -- 2,195,000 8,346,000 10,541,000 312,000 2016 39,15 Houston Preston TX -- 2,800,000 -- 2,800,000 -- 2,820,000 -- 2,820,000 2,000 2016 15 Houston San Jacinto TX -- 3,200,000 -- 3,200,000 -- 3,250,000 -- 3,250,000 5,000 2016 15 MVP Detroit Center Garage MI -- 7,000,000 48,000,000 55,000,000 -- 7,000,000 48,476,000 55,476,000 2,436,000 2017 39,15 St. Louis Broadway Group MO -- 2,400,000 -- 2,400,000 -- 2,400,000 -- 2,400,000 -- 2017 N/A St. Louis Seventh & Cerre MO -- 3,300,000 -- 3,300,000 -- 3,300,000 -- 3,300,000 -- 2017 N/A MVP Preferred Parking TX -- 15,800,000 4,700,000 20,500,000 -- 15,800,000 5,315,000 21,115,000 196,000 2017 39,15 MVP Raider Park Garage TX -- 1,960,000 9,040,000 11,000,000 -- 1,964,000 9,065,000 11,029,000 255,000 2017 39,15 MVP PF Ft. Lauderdale 2013 FL -- 3,423,000 -- 3,423,000 -- 3,423,000 -- 3,423,000 -- 2017 N/A MVP PF Memphis Court 2013 TN -- 1,208,000 -- 1,208,000 -- 1,008,000 -- 1,008,000 -- 2017 N/A MVP PF Memphis Poplar 2013 TN -- 3,735,000 -- 3,735,000 -- 3,735,000 -- 3,735,000 70,000 2017 15 MVP PF St. Louis 2013 MO -- 5,145,000 -- 5,145,000 -- 5,145,000 -- 5,145,000 111,000 2017 15 Mabley Place Garage OH -- 1,585,000 19,557,000 21,142,000 -- 1,592,000 19,593,000 21,185,000 596,000 2017 39,15 MVP Denver Sherman CO -- 705,000 -- 705,000 -- 705,000 -- 705,000 -- 2017 N/A MVP Fort Worth Taylor TX -- 2,845,000 24,813,000 27,658,000 -- 2,845,000 24,818,000 27,663,000 713,000 2017 39,15 MVP Milwaukee Old World WI -- 2,044,000 -- 2,044,000 -- 2,044,000 -- 2,044,000 23,000 2017 15 MVP Houston Saks Garage TX -- 4,931,000 5,460,000 10,391,000 -- 4,931,000 5,460,000 10,391,000 174,000 2017 39,15 MVP Milwaukee Wells WI -- 4,873,000 -- 4,873,000 -- 5,083,000 -- 5,083,000 29,000 2017 15 MVP Wildwood NJ Lot NJ -- 1,631,000 -- 1,631,000 -- 1,231,000 -- 1,231,000 -- 2017 N/A MVP Indianapolis City Park IN -- 2,055,000 8,758,000 10,813,000 -- 2,056,000 8,878,000 10,934,000 310,000 2017 39,15 MVP Indianapolis WA Street Lot IN -- 5,749,000 -- 5,749,000 -- 5,749,000 -- 5,749,000 23,000 2017 15 MVP Minneapolis Venture MN -- 6,543,000 -- 6,543,000 -- 4,012,000 -- 4,012,000 -- 2017 N/A MVP Indianapolis Meridian Lot IN -- 1,601,000 -- 1,601,000 -- 1,601,000 -- 1,601,000 5,000 2017 15 MVP Milwaukee Clybourn WI -- 262,000 -- 262,000 -- 262,000 -- 262,000 3,000 2017 15 MVP Milwaukee Arena WI -- 4,632,000 -- 4,632,000 -- 4,631,000 -- 4,631,000 -- 2017 N/A MVP Clarksburg Lot WV -- 715,000 -- 715,000 -- 715,000 -- 715,000 5,000 2017 15 MVP Denver Sherman 1935 CO -- 2,534,000 -- 2,534,000 -- 2,533,000 -- 2,533,000 -- 2017 N/A MVP Bridgeport Fairfield Garage CT -- 498,000 7,758,000 8,256,000 -- 498,000 7,758,000 8,256,000 237,000 2017 39,15 Minneapolis City Parking MN -- 9,838,000 -- 9,838,000 -- 9,838,000 -- 9,838,000 91,000 2017 15 MVP New Orleans Rampart LA -- 8,105,000 -- 8,105,000 -- 8,105,000 -- 8,105,000 -- 2018 N/A MVP Hawaii Marks HI -- 9,118,000 11,716,000 20,834,000 -- 9,118,000 11,882,000 21,000,000 160,000 2018 39,15 $ -- $ 145,889,000 $ 164,692,000 $ 310,581,000 $ -- $ 143,302,000 $ 171,799,000(2) $ 315,101,000 $ 7,110,000 (3) (1) The initial costs of buildings are depreciated over 39 years using a straight-line method of accounting; improvements capitalized subsequent to acquisition are depreciated over the shorter of the lease term or useful life, generally ranging from one to 20 years. (2) This amount does not include CIP of approximately $1.9 million. (3) This amount does not include approximately $21,000 for depreciation of software. The aggregate gross cost of property included above for federal income tax purposes approximated $288.2 million as of December 31, 2018. The following table reconciles the historical cost of total real estate held for investment for the years ended December 31, 2018 and 2017. 2018 2017 Total real estate held for investment, inception (prior) $ 287,052,000 $ 53,743,000 Additions during period: 5,068,000 2,370,000 Acquisitions 33,166,000 230,939,000 Deductions during period: (10,185,000) -- Total real estate held for investment, end of year (1) $ 315,101,000 $ 287,052,000 (1) This amount does not include investments in software and construction in progress totaling approximately $1.9 million as of December 31, 2018 and approximately $0.8 million as of December 31, 2017. The following table reconciles the accumulated depreciation for the years ended December 31, 2018 and 2017. 2018 2017 Accumulated depreciation, inception (prior) $ 2,231,000 $ 195,000 Deductions during period: (38,000) -- Depreciation of real estate 4,917,000 2,036,000 Accumulated depreciation, end of year (1) $ 7,110,000 $ 2,231,000 (1) 2018 amount does not include approximately $21,000 for depreciation of software.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2018
Accounting Policies [Abstract]
Basis of Accounting	Basis of Accounting The consolidated financial statements of the Company are prepared on the accrual basis of accounting and in accordance with principles generally accepted in the United States of America (“GAAP”) for financial information as contained in the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”), and in conjunction with rules and regulations of the SEC. Certain information and footnote disclosures required for annual financial statements have been condensed or excluded pursuant to SEC rules and regulations. 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, the accounts of the Company’s assets that were sold during 2018 and 2017 (as applicable), the accounts of its subsidiaries, Operating Partnership and all of the following subsidiaries. All intercompany profits and losses, balances and transactions are eliminated in consolidation. The following list includes the subsidiaries that are included in the Company’s consolidated financial statements, not the number of properties owned by the Company at December 31, 2018 and 2017. MVP PF Ft. Lauderdale 2013, LLC MVP Clarksburg Lot, LLC MVP PF Kansas City 2013, LLC MVP Denver Sherman 1935, LLC MVP PF Memphis Poplar 2013, LLC MVP Bridgeport Fairfield Garage, LLC MVP PF Memphis Court 2013, LLC West 9 th MVP PF St. Louis 2013, LLC MVP San Jose 88 Garage, LLC Mabley Place Garage, LLC MCI 1372 Street, LLC MVP Denver Sherman, LLC MVP Cincinnati Race Street, LLC MVP Fort Worth Taylor, LLC MVP St. Louis Washington, LLC MVP Milwaukee Old World, LLC MVP St. Paul Holiday Garage, LLC MVP St. Louis Convention Plaza, LLC MVP Louisville Station Broadway, LLC MVP Houston Saks Garage, LLC White Front Garage Partners, LLC MVP St. Louis Lucas, LLC Cleveland Lincoln Garage, LLC MVP Milwaukee Wells, LLC MVP Houston Preston, LLC MVP Wildwood NJ Lot, LLC MVP Houston San Jacinto Lot, LLC MVP Indianapolis City Park, LLC MVP Detroit Center Garage, LLC MVP KC Cherry Lot, LLC St Louis Broadway, LLC MVP Indianapolis WA Street Lot, LLC St Louis Seventh & Cerre, LLC Minneapolis City Parking, LLC MVP Preferred Parking, LLC MVP Minneapolis Venture, LLC MVP Raider Park Garage, LLC MVP Indianapolis Meridian Lot, LLC MVP New Orleans Rampart, LLC MVP Milwaukee Clybourn, LLC MVP Hawaii Marks Garage, LLC MVP Milwaukee Arena Lot, LLC Under 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 condensed 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 For the Year Ended December 31, Parking Tenant 2018 2017 SP + 57.6% 54.5% iPark Services*** 13.3% 12.9% ABM * 4.5% 2.2% ISOM Mgmt 4.2% 1.0% Premier Parking*** 3.7% 7.8% Interstate Parking 2.7% 6.2% 342 N. Rampart 2.7% -- Denison 2.5% 0.2% Lanier 2.4% 4.2% St. Louis Parking 2.2% 4.1% BEST PARK 1.5% 0.1% Riverside Parking 1.0% 2.2% PCAM, LLC 0.6% 0.1% TNSH, LLC 0.8% -- Denver School 0.2% <0.1% Secure 0.1% <0.1% Miller Parking ** -- 4.5% The Company had fifteen parking tenants as of December 31, 2018 and fourteen parking tenants as of December 31, 2017. One tenant, SP Plus Corporation (Nasdaq: SP) (“SP+”), represented 57.4% of the Company’s base parking rental revenue for the year ended December 31, 2018. SP+ is one of the largest providers of parking management in the United States. As of December 31, 2018, SP+ managed approximately 3,400 locations in North America. Below is a table that summarizes parking rent by tenant: * Through February 28, 2017, MVP San Jose 88 Garage, LLC was subject to a parking management agreement with ABM and received revenue of $110,000. Starting on March 1, 2017, this property was leased to Lanier Parking Solutions. ** Revenue for Miller Parking represents a settlement received by MVP Detroit Center Garage, LLC of approximately $408,000 for the operations of the garage through January 2017, at which time SP+ assumed operations under a longer-term lease agreement. *** During June 2018 Premier Parking acquired iPark Services. Subsequent to the acquisition Premier and iPark continue to operate under their original company names In addition, the Company had concentrations in various cities based on parking rental revenue for the years ended December 31, 2018 and 2017, as well as concentrations in various cities based on the real estate the Company owned as of December 31, 2018 and December 31, 2017. The below tables summarize this information by city. City Concentration for Parking Rental Revenue For the Year Ended December 31, 2018 2017 Detroit 18.2% 39.6% Houston 13.3% 12.9% Cincinnati 9.2% 4.0% Fort Worth 8.1% 0.7% Indianapolis 6.5% 0.6% St. Louis 5.4% 6.2% Cleveland 5.3% 11.7% Minneapolis 4.3% 0.4% Lubbock 4.2% 1.0% Nashville 3.7% 7.7% Milwaukee 3.5% 0.3% St Paul 2.7% 6.2% New Orleans 2.7% -- Honolulu 2.6% -- San Jose 2.4% 5.4% Bridgeport 2.3% 0.2% Memphis 1.6% 0.1% Louisville 1.0% 2.2% Ft. Lauderdale 0.6% 0.1% Denver 0.8% 0.1% Kansas City 0.6% 0.1% Wildwood 0.4% <0.1% Canton 0.3% 0.5% Clarksburg 0.3% <0.1% Real Estate Investment Concentration by City As of December 31, 2018 2017 Detroit 17.6% 18.8% Houston 11.9% 12.7% Fort Worth 8.8% 9.4% Cincinnati 8.7% 9.1% Honolulu 6.7% -- Cleveland 6.2% 5.6% Indianapolis 5.8% 6.2% Minneapolis 4.4% 5.6% St Louis 4.4% 7.0% Milwaukee 3.8% 4.0% Nashville 3.7% 4.0% Lubbock 3.5% 3.7% St Paul 2.7% 2.9% Bridgeport 2.6% 2.8% New Orleans 2.6% -- Memphis 1.5% 1.7% San Jose 1.2% 1.3% Fort Lauderdale 1.1% 1.2% Denver 1.0% 1.1% Louisville 1.0% 1.1% Wildwood 0.4% 0.5% Clarksburg 0.2% 0.2% Canton 0.2% 0.2% Kansas City -- 0.9%
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 several 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. 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 within operating expenses in the consolidated statement of operations.
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, the property is written down to fair value and 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. The Company recorded impairment charges of $0.6 million for the year ended December 31, 2018. The estimated fair values, as they relate to property carrying values were primarily based upon estimated sales prices from third-party offers or indicative bids. No impairments were necessary for the year ended December 31, 2017.
Cash	Cash The Company maintains a significant portion of its cash deposits at KeyBank, which are held by the Company’s subsidiaries allowing the Company to maximize FDIC insurance coverage. The balances are insured by the Federal Deposit Insurance Corporation (“FDIC”) under the same ownership category of $250,000. As of December 31, 2018, and 2017, the Company had approximately $0.5 million and $5.6 million, respectively, in excess of the federally-insured limits. As of December 31, 2018, the Company has not experienced any losses on cash deposits.
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 are 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 many 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. Percentage rents will be recorded when earned and certain thresholds have been met. 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. If 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 after exhaustive efforts at collection.
Advertising Costs	Advertising Costs Advertising costs incurred in the normal course of operations are expensed as incurred. During the years ended December 31, 2018 and 2017, 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.
Purchase Price Allocation	Purchase Price Allocation The Company allocates the purchase price of acquired properties to tangible and identifiable intangible assets acquired based on their respective fair values. Tangible assets include land, land improvements, buildings, fixtures and tenant improvements on an as-if vacant basis. The Company utilizes various estimates, processes and information to determine the as-if vacant property value. Estimates of value are made using customary methods, including data from appraisals, comparable sales, discounted cash flow analysis and other methods. Amounts allocated to land, land improvements, buildings and fixtures are based on cost segregation studies performed by independent third parties or on the Company's analysis of comparable properties in the Company's portfolio. Identifiable intangible assets include amounts allocated to acquire leases for above- and below-market lease rates, the value of in-place leases, and the value of customer relationships, as applicable. The aggregate value of intangible assets related to in-place leases is primarily the difference between the property valued with existing in-place leases adjusted to market rental rates and the property valued as if vacant. Factors considered by the Company in its analysis of the in-place lease intangibles include an estimate of carrying costs during the expected lease-up period for each property, considering current market conditions and costs to execute similar leases. In estimating carrying costs, the Company will include real estate taxes, insurance and other operating expenses and estimates of lost rentals at market rates during the expected lease-up period. Estimates of costs to execute similar leases including leasing commissions, legal and other related expenses are also utilized. Above-market and below-market in-place lease values for owned properties are recorded based on the present value (using an interest rate which reflects the risks associated with the leases acquired) of the difference between the contractual amounts to be paid pursuant to the in-place leases and management’s estimate of fair market lease rates for the corresponding in-place leases, measured over a period equal to the remaining non-cancelable term of the lease. The capitalized above-market lease intangibles are amortized as a decrease to rental income over the remaining term of the lease. The capitalized below-market lease values will be amortized as an increase to rental income over the remaining term and any fixed rate renewal periods provided within the respective leases. In determining the amortization period for below-market lease intangibles, the Company initially will consider, and periodically evaluate on a quarterly basis, the likelihood that a lessee will execute the renewal option. The likelihood that a lessee will execute the renewal option is determined 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. The aggregate value of intangible assets related to customer relationship, as applicable, is measured based on the Company's evaluation of the specific characteristics of each tenant’s lease and the Company's overall relationship with the tenant. Characteristics considered by the Company in determining these values include the nature and extent of its existing business relationships with the tenant, growth prospects for developing new business with the tenant, the tenant’s credit quality and expectations of lease renewals, among other factors. The value of in-place leases is amortized to expense over the initial term of the respective leases. The value of customer relationship intangibles is amortized to expense over the initial term and any renewal periods in the respective leases, but in no event does the amortization period for intangible assets exceed the remaining depreciable life of the building. If a tenant terminates its lease, the unamortized portion of the in-place lease value and customer relationship intangibles is charged to expense. In making estimates of fair values for purposes of allocating purchase price, the Company will utilize several sources, including independent appraisals that may be obtained in connection with the acquisition or financing of the respective property and other market data. The Company will also consider information obtained about each property as a result of the Company's pre-acquisition due diligence, as well as subsequent marketing and leasing activities, in estimating the fair value of the tangible and intangible assets acquired and intangible liabilities assumed.
Organization, Offering and Related Costs	Organization, Offering and Related Costs Certain organization and offering costs will be incurred by the Advisor. Pursuant to the terms of the Amended and Restated Advisory Agreement, the Company will not reimburse the Advisor for these out of pocket costs and future organization and offering costs it may incur. Such costs shall include legal, accounting, printing and other offering expenses, including marketing, and direct expenses of the Advisor’s employees and employees of the Advisor’s affiliates and others. All direct offering costs incurred and or paid by the Company that are directly attributable to a proposed or actual offering, including sales commissions, if any, were charged against the gross proceeds of the Common Stock Offering and recorded as an offset to additional paid-in-capital. All indirect costs will be expensed as incurred.
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 is organized and conducts operations to qualify as a REIT under Sections 856 to 860 of the Code and to comply with the provisions of the Code with respect thereto. A REIT is generally not subject to federal income tax on that portion of its REIT taxable income, which is distributed to its stockholders, provided that at least 90% of such taxable income is distributed and provided that certain other requirements are met. Our REIT taxable income may substantially exceed or be less than our net income as determined based on GAAP because differences in GAAP and taxable net income consist primarily of allowances for loan losses or doubtful account, write-downs on real estate held for sale, amortization of deferred financing cost, capital gains and losses, and deferred income. The Company elected to be treated as a REIT effective January 1, 2017 and believes that it has been organized and has operated during 2018 in such a manner to meet the qualifications to continue to be treated as a REIT for federal and state income tax purposes. If the Company does not qualify as a REIT for the tax year ended December 31, 2018, it will file as a C corporation and deferred tax assets and liabilities will be established for the temporary differences between the financial reporting basis and the tax basis of assets and liabilities at the enacted tax rates expected to be in effect when the temporary differences reverse. A valuation allowance for the deferred tax assets is provided if the Company believes that it is more likely than not that it will not realize the tax benefit of deferred tax assets based on the available evidence at the time the determination is made. For the tax year ended December 31, 2018, the Company believes that it is more likely than not that it will not realize the benefits of its deferred tax assets, and thus a valuation allowance should be recorded against its net deferred tax assets. The Company uses a two-step approach to recognize and measure uncertain tax positions. The first step is to evaluate the tax position for recognition by determining if the weight of available evidence indicates that it is more likely than not that the position will be sustained on audit, including resolutions of related appeals or litigation processes, if any. The second step is to measure the tax benefit as the largest amount that is more likely than not of being realized upon ultimate settlement. The Company believes that its income tax filing positions and deductions would be sustained upon examination; thus, the Company has not recorded any uncertain tax positions as of December 31, 2018. A full valuation allowance for deferred tax assets was provided since the Company believes that it is more likely than not that it will not realize the benefits of its deferred tax assets. A change in circumstances may cause the Company to change its judgment about whether deferred tax assets should be recorded, and further whether any such assets would more likely than not be realized. The Company would generally report any change in the valuation allowance through its income statement in the period in which such changes in circumstances occur. Because the Company is a REIT, it will generally not be subject to corporate level federal income taxes on earnings distributed to our stockholders and therefore may not realize any benefit from deferred tax assets. arising during 2018 or any prior period. The Company intends to distribute at least 100% of its taxable income annually and intends to do so for the tax year ending December 31, 2018 and future periods. The Company has placed a full valuation allowance on all of its deferred tax assets, and thus not asset is recorded on the Company’s balance sheet.
Per Share Data	Per Share Data The Company calculates basic income (loss) per share by dividing net income (loss) for the period by weighted-average shares of its common stock outstanding for the respective period. Diluted income per share considers 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 years ended December 31, 2018 and 2017. There is a potential for dilution from the Company’s Series A Convertible Redeemable Preferred Stock which may be converted into the Company’s common stock at any time beginning upon the earlier of (i) 90 days after the occurrence of a listing event or (ii) the second anniversary of the final closing of the offering (whether or not a listing event has occurred). As of December 31, 2018, there were 2,862 shares of the Series A Convertible Redeemable Preferred Stock issued and outstanding. There is a potential for dilution from the Company’s Series 1 Convertible Redeemable Preferred Stock which may be converted upon a holder’s election into the Company’s common stock at any time beginning upon the earlier of (i) 45 days after the occurrence of a listing event or (ii) April 7, 2019 (whether or not a listing event has occurred). As of December 31, 2018, there were 39,811 shares of the Series 1 Convertible Redeemable Preferred Stock issued and outstanding. Each share of Series A preferred stock and Series 1 preferred stock will convert into the number of shares of the Company’s common stock determined by dividing (i) the stated value per Series A share or Series 1 share of $1,000 (as may be adjusted pursuant to the applicable articles supplementary) plus any accrued but unpaid dividends to, but not including, the conversion date by (ii) the conversion price. The conversion price is equal to 100% or, if the conversion notice is received on or prior to December 1, 2017 (for Series 1 shares) or on or prior to the day immediately preceding the first anniversary of the issuance of such share (for Series A shares), 110% of the volume weighted average price per share of the Company’s common stock for the 20 trading days prior to the delivery date of the conversion notice; provided that if the Company’s common stock is not then traded on a national securities exchange, the conversion price will be equal to the net asset value per share of the Company’s common stock. The Company will have the right (but not the obligation) to redeem any Series A or Series 1 shares that are subject to a conversion notice on the terms set forth in the applicable articles supplementary. There is also potential for dilution in the event that the Company completes the contemplated redemption of all the outstanding shares of the Series A preferred stock and Series 1 preferred stock and pays entire redemption price in the form of shares of the Company’s common stock, within 30 days after the completion of the listing of the Company’s common stock on a national securities exchange
Reportable Segments	Reportable Segments The Company currently operates one reportable segment.
Reclassifications	Reclassifications Certain prior year amounts have been reclassified for consistency with the current year presentation. These reclassifications had no effect on the reported results of operations.
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 Jumpstart Our Business Startups Act of 2012 (the “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 (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.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2018
Tenant Concentration [Member]
Concentration by Risk Type	For the Year Ended December 31, Parking Tenant 2018 2017 SP + 57.6% 54.5% iPark Services*** 13.3% 12.9% ABM * 4.5% 2.2% ISOM Mgmt 4.2% 1.0% Premier Parking*** 3.7% 7.8% Interstate Parking 2.7% 6.2% 342 N. Rampart 2.7% -- Denison 2.5% 0.2% Lanier 2.4% 4.2% St. Louis Parking 2.2% 4.1% BEST PARK 1.5% 0.1% Riverside Parking 1.0% 2.2% PCAM, LLC 0.6% 0.1% TNSH, LLC 0.8% -- Denver School 0.2% <0.1% Secure 0.1% <0.1% Miller Parking ** -- 4.5%
City Concentration [Member]
Concentration by Risk Type	City Concentration for Parking Rental Revenue For the Year Ended December 31, 2018 2017 Detroit 18.2% 39.6% Houston 13.3% 12.9% Cincinnati 9.2% 4.0% Fort Worth 8.1% 0.7% Indianapolis 6.5% 0.6% St. Louis 5.4% 6.2% Cleveland 5.3% 11.7% Minneapolis 4.3% 0.4% Lubbock 4.2% 1.0% Nashville 3.7% 7.7% Milwaukee 3.5% 0.3% St Paul 2.7% 6.2% New Orleans 2.7% -- Honolulu 2.6% -- San Jose 2.4% 5.4% Bridgeport 2.3% 0.2% Memphis 1.6% 0.1% Louisville 1.0% 2.2% Ft. Lauderdale 0.6% 0.1% Denver 0.8% 0.1% Kansas City 0.6% 0.1% Wildwood 0.4% <0.1% Canton 0.3% 0.5% Clarksburg 0.3% <0.1%
Real Estate Investment Concentration [Member]
Concentration by Risk Type	Real Estate Investment Concentration by City As of December 31, 2018 2017 Detroit 17.6% 18.8% Houston 11.9% 12.7% Fort Worth 8.8% 9.4% Cincinnati 8.7% 9.1% Honolulu 6.7% -- Cleveland 6.2% 5.6% Indianapolis 5.8% 6.2% Minneapolis 4.4% 5.6% St Louis 4.4% 7.0% Milwaukee 3.8% 4.0% Nashville 3.7% 4.0% Lubbock 3.5% 3.7% St Paul 2.7% 2.9% Bridgeport 2.6% 2.8% New Orleans 2.6% -- Memphis 1.5% 1.7% San Jose 1.2% 1.3% Fort Lauderdale 1.1% 1.2% Denver 1.0% 1.1% Louisville 1.0% 1.1% Wildwood 0.4% 0.5% Clarksburg 0.2% 0.2% Canton 0.2% 0.2% Kansas City -- 0.9%

Investments in Real Estate (Tab

Investments in Real Estate (Tables)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Real Estate [Abstract]
Schedule Of Real Estate Properties	Property Name Location Date Acquired Property Type # Spaces Property Size (Acres) Retail Sq. Ft Investment Amount Parking Tenant MVP Cleveland West 9th (1) Cleveland, OH 5/11/2016 Lot 260 2 N/A $5,845,000 SP + 33740 Crown Colony (1) Cleveland, OH 5/17/2016 Lot 82 0.54 N/A $3,050,000 SP + MVP San Jose 88 Garage San Jose, CA 6/15/2016 Garage 328 1.33 N/A $3,844,000 Lanier MCI 1372 Street Canton, OH 7/8/2016 Lot 66 0.44 N/A $700,000 ABM MVP Cincinnati Race Street Garage Cincinnati, OH 7/8/2016 Garage 350 0.63 N/A $6,300,000 SP + MVP St. Louis Washington St Louis, MO 7/18/2016 Lot 63 0.39 N/A $3,007,000 SP + MVP St. Paul Holiday Garage St Paul, MN 8/12/2016 Garage 285 0.85 N/A $8,396,000 Interstate Parking MVP Louisville Station Broadway Louisville, KY 8/23/2016 Lot 165 1.25 N/A $3,107,000 Riverside Parking White Front Garage Partners Nashville, TN 9/30/2016 Garage 155 0.26 N/A $11,672,000 Premier Parking Cleveland Lincoln Garage Owners Cleveland, OH 10/19/2016 Garage 536 1.14 45,272 $10,541,000 SP + MVP Houston Preston Lot Houston, TX 11/22/2016 Lot 46 0.23 N/A $2,820,000 iPark Services MVP Houston San Jacinto Lot Houston, TX 11/22/2016 Lot 85 0.65 240 $3,250,000 iPark Services MVP Detroit Center Garage Detroit, MI 2/1/2017 Garage 1,275 1.28 N/A $55,476,000 SP + St. Louis Broadway St Louis, MO 5/6/2017 Lot 161 0.96 N/A $2,400,000 St. Louis Parking St. Louis Seventh & Cerre St Louis, MO 5/6/2017 Lot 174 1.06 N/A $3,300,000 St. Louis Parking MVP Preferred Parking (4) Houston, TX 8/1/2017 Garage/Lot 528 0.98 784 $21,115,000 iPark Services MVP Raider Park Garage Lubbock, TX 11/21/2017 Garage 1,495 2.15 20,536 $11,029,000 ISOM Management MVP PF Ft. Lauderdale Ft. Lauderdale, FL 12/15/2017 Lot 66 0.75 4,017 $3,423,000 SP + MVP PF Memphis Court Memphis, TN 12/15/2017 Lot 37 0.41 N/A $1,008,000 SP + MVP PF Memphis Poplar Memphis, TN 12/15/2017 Lot 127 0.87 N/A $3,735,000 Best Park MVP PF St. Louis St Louis, MO 12/15/2017 Lot 183 1.22 N/A $5,145,000 SP + Mabley Place Garage (2) Cincinnati, OH 12/15/2017 Garage 775 0.9 8,400 $21,185,000 SP + MVP Denver Sherman Denver, CO 12/15/2017 Lot 28 0.14 N/A $705,000 Denver School MVP Fort Worth Taylor Fort Worth, TX 12/15/2017 Garage 1,013 1.18 11,828 $27,663,000 SP + MVP Milwaukee Old World Milwaukee, WI 12/15/2017 Lot 54 0.26 N/A $2,044,000 SP + MVP Houston Saks Garage Houston, TX 12/15/2017 Garage 265 0.36 5,000 $10,391,000 iPark Services MVP Milwaukee Wells Milwaukee, WI 12/15/2017 Lot 148 1.07 N/A $5,083,000 Symphony MVP Wildwood NJ Lot 1 (3) Wildwood, NJ 12/15/2017 Lot 29 0.26 N/A $545,000 SP + MVP Wildwood NJ Lot 2 (3) Wildwood, NJ 12/15/2017 Lot 45 0.31 N/A $686,000 SP+ MVP Indianapolis City Park Indianapolis, IN 12/15/2017 Garage 370 0.47 N/A $10,934,000 ABM MVP Indianapolis WA Street Indianapolis, IN 12/15/2017 Lot 141 1.07 N/A $5,749,000 Denison MVP Minneapolis Venture Minneapolis, MN 12/15/2017 Lot 195 1.65 N/A $4,012,000 N/A Minneapolis City Parking Minneapolis, MN 12/15/2017 Lot 268 1.98 N/A $9,838,000 SP + MVP Indianapolis Meridian Indianapolis, IN 12/15/2017 Lot 36 0.24 N/A $1,601,000 Denison MVP Milwaukee Clybourn Milwaukee, WI 12/15/2017 Lot 15 0.06 N/A $262,000 Secure MVP Milwaukee Arena Lot Milwaukee, WI 12/15/2017 Lot 75 1.11 N/A $4,631,000 SP + MVP Clarksburg Lot Clarksburg, WV 12/15/2017 Lot 94 0.81 N/A $715,000 ABM MVP Denver Sherman 1935 Denver, CO 12/15/2017 Lot 72 0.43 N/A $2,533,000 SP + MVP Bridgeport Fairfield Bridgeport, CT 12/15/2017 Garage 878 1.01 4,349 $8,256,000 SP + MVP New Orleans Rampart New Orleans, LA 2/1/2018 Lot 78 0.44 N/A $8,105,000 342 N. Rampart MVP Hawaii Marks Garage Honolulu, HI 6/21/2018 Garage 311 0.77 16,205 21,000,000 SP + Construction in progress $1,872,000 Software $63,000 Total Investment in real estate and fixed assets $317,036,000	Property Name Location Date Acquired Property Type # Spaces Property Size (Acres) Retail Sq. Ft Investment Amount Parking Tenant MVP Cleveland West 9th (1) Cleveland, OH 5/11/2016 Lot 260 2 N/A $5,823,000 SP + 33740 Crown Colony (1) Cleveland, OH 5/17/2016 Lot 82 0.54 N/A $3,049,000 SP + MVP San Jose 88 Garage San Jose, CA 6/15/2016 Garage 328 1.33 N/A $3,825,000 Lanier MCI 1372 Street Canton, OH 7/8/2016 Lot 66 0.44 N/A $700,000 ABM MVP Cincinnati Race Street Garage Cincinnati, OH 7/8/2016 Garage 350 0.63 N/A $5,558,000 SP + MVP St. Louis Washington St Louis, MO 7/18/2016 Lot 63 0.39 N/A $3,000,000 SP + MVP St. Paul Holiday Garage St Paul, MN 8/12/2016 Garage 285 0.85 N/A $8,396,000 Interstate Parking MVP Louisville Station Broadway Louisville, KY 8/23/2016 Lot 165 1.25 N/A $3,107,000 Riverside Parking White Front Garage Partners Nashville, TN 9/30/2016 Garage 155 0.26 N/A $11,673,000 Premier Parking Cleveland Lincoln Garage Owners Cleveland, OH 10/19/2016 Garage 536 1.14 45,272 $7,406,000 SP + MVP Houston Preston Lot Houston, TX 11/22/2016 Lot 46 0.23 N/A $2,820,000 iPark Services MVP Houston San Jacinto Lot Houston, TX 11/22/2016 Lot 85 0.65 240 $3,250,000 iPark Services MVP Detroit Center Garage Detroit, MI 2/1/2017 Garage 1,275 1.28 N/A $55,306,000 SP + St. Louis Broadway St Louis, MO 5/6/2017 Lot 161 0.96 N/A $2,400,000 St. Louis Parking St. Louis Seventh & Cerre St Louis, MO 5/6/2017 Lot 174 1.06 N/A $3,300,000 St. Louis Parking MVP Preferred Parking Houston, TX 8/1/2017 Garage/Lot 528 0.98 784 $20,500,000 iPark Services MVP Raider Park Garage Lubbock, TX 11/21/2017 Garage 1,495 2.15 20,536 $11,000,000 ISOM Management MVP PF Ft. Lauderdale (2) Ft. Lauderdale, FL 12/15/2017 Lot 66 0.75 4,017 $3,423,000 SP + MVP PF Kansas City (2) Kansas City, MO 12/15/2017 Lot 164 1.18 N/A $1,812,000 SP + MVP PF Memphis Poplar (2) Memphis, TN 12/15/2017 Lot 127 0.87 N/A $3,735,000 Best Park MVP PF Memphis Court (2) Memphis, TN 12/15/2017 Lot 37 0.41 N/A $1,208,000 SP + MVP PF St. Louis (2) St Louis, MO 12/15/2017 Lot 183 1.22 N/A $5,145,000 SP + Mabley Place Garage (2) (3) Cincinnati, OH 12/15/2017 Garage 775 0.9 8,400 $21,142,000 SP + MVP Denver Sherman (2) Denver, CO 12/15/2017 Lot 28 0.14 N/A $705,000 Denver School MVP Fort Worth Taylor (2) Fort Worth, TX 12/15/2017 Garage 1,013 1.18 11,828 $27,658,000 SP + MVP Milwaukee Old World (2) Milwaukee, WI 12/15/2017 Lot 54 0.26 N/A $2,043,000 SP + MVP St. Louis Convention Plaza (2) St. Louis, MO 12/15/2017 Lot 221 1.26 N/A $3,091,000 SP + MVP Houston Saks Garage (2) Houston, TX 12/15/2017 Garage 265 0.36 5,000 $10,391,000 iPark Services MVP St. Louis Lucas (2) St. Louis, MO 12/15/2017 Lot 202 1.07 N/A $3,695,000 SP + MVP Milwaukee Wells (2) Milwaukee, WI 12/15/2017 Lot 100 0.95 N/A $4,873,000 PCAM, LLC MVP Wildwood NJ Lot 1 (2)(4) Wildwood, NJ 12/15/2017 Lot 29 0.26 N/A $745,000 SP + MVP Wildwood NJ Lot 2 (2)(4) Wildwood, NJ 12/15/2017 Lot 45 0.31 N/A $886,000 SP+ MVP Indianapolis City Park (2) Indianapolis, IN 12/15/2017 Garage 370 0.47 N/A $10,813,000 ABM MVP KC Cherry Lot (2) Kansas City, MO 12/15/2017 Lot 84 0.6 N/A $987,000 SP + MVP Indianapolis WA Street (2) Indianapolis, IN 12/15/2017 Lot 141 1.07 N/A $5,749,000 Denison Minneapolis City Parking (2) Minneapolis, MN 12/15/2017 Lot 268 1.98 N/A $9,838,000 SP + MVP Indianapolis Meridian (2) Indianapolis, IN 12/15/2017 Lot 36 0.24 N/A $1,601,000 Denison MVP Milwaukee Clybourn (2) Milwaukee, WI 12/15/2017 Lot 15 0.06 N/A $262,000 Secure MVP Milwaukee Arena Lot (2) Milwaukee, WI 12/15/2017 Lot 75 1.11 N/A $4,632,000 SP + MVP Clarksburg Lot (2) Clarksburg, WV 12/15/2017 Lot 94 0.81 N/A $715,000 ABM MVP Denver Sherman 1935 (2) Denver, CO 12/15/2017 Lot 72 0.43 N/A $2,534,000 SP + MVP Bridgeport Fairfield (2) Bridgeport, CT 12/15/2017 Garage 878 1.01 4,349 $8,256,000 SP + Construction in progress $750,000 Total Investment in real estate and fixed assets $287,802,000

Acquisitions (Tables)

Acquisitions (Tables)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Summary of Acquisitions	Property Location Date Acquired Property Type # Spaces Size / Acreage Retail Sq. Ft. Property Purchase Price MVP New Orleans Rampart, LLC New Orleans, LA 2/1/2018 Lot 78 0.44 N/A $8,105,000 MVP Hawaii Marks Garage, LLC Honolulu, HI 6/21/2018 Garage 311 0.77 16,205 $20,834,000	Property Location Date Acquired Property Type # Spaces Size / Acreage Retail Sq. Ft. Property Purchase Price MVP Detroit Center Garage Detroit, MI 01/10/2017 Garage 1,275 1.28 N/A $55,000,000 St Louis Broadway St Louis, MO 02/01/2017 Lot 161 0.96 N/A $2,400,000 St Louis Seventh & Cerre St Louis, MO 02/01/2017 Lot 174 1.06 N/A $3,300,000 MVP Preferred Parking Houston, TX 06/29/2017 Garage/Lot 528 0.98 784 $20,500,000 MVP Raider Park Garage Lubbock, TX 11/21/2017 Garage 1,495 2.15 20,536 $11,000,000
Assets Acquired And Liabilities Assumed	Assets Land and Improvements Building and improvements Total assets acquired MVP New Orleans $ 8,105,000 $ -- $ 8,105,000 * MVP Hawaii Marks Garage $ 9,118,000 $ 11,716,000 $ 20,834,000 * $ 17,223,000 $ 11,716,000 $ 28,939,000	Assets Land and Improvements Building and improvements Total assets acquired MVP Detroit Center Garage $ 7,000,000 $ 48,000,000 $ 55,000,000 St Louis Broadway, LLC 2,400,000 -- 2,400,000 St Louis Seventh & Cerre, LLC 3,300,000 -- 3,300,000 MVP Preferred Parking, LLC 15,800,000 4,700,000 20,500,000 MVP Raider Park Garage 1,960,000 9,040,000 11,000,000 MVP PF Ft. Lauderdale 2013, LLC 3,423,000 -- 3,423,000 MVP PF Memphis Court 2013, LLC 1,208,000 -- 1,208,000 MVP PF Memphis Poplar 2013, LLC 3,735,000 -- 3,735,000 MVP PF Kansas City 2013, LLC 1,812,000 -- 1,812,000 MVP PF St. Louis 2013, LLC 5,145,000 -- 5,145,000 Mabley Place Garage, LLC * 1,585,000 19,557,000 21,142,000 MVP Denver Sherman, LLC 705,000 -- 705,000 MVP Fort Worth Taylor, LLC 2,845,000 24,813,000 27,658,000 MVP Milwaukee Old World, LLC 2,044,000 -- 2,044,000 MVP St. Louis Convention Plaza, LLC 3,091,000 -- 3,091,000 MVP Houston Saks Garage, LLC 4,931,000 5,460,000 10,391,000 MVP St. Louis Lucas, LLC 3,695,000 -- 3,695,000 MVP Milwaukee Wells, LLC 4,873,000 - 4,873,000 MVP Wildwood NJ Lot, LLC 1,631,000 -- 1,631,000 MVP Indianapolis City Park, LLC 2,055,000 8,758,000 10,813,000 MVP KC Cherry Lot, LLC 987,000 -- 987,000 MVP Indianapolis WA Street Lot, LLC 5,749,000 -- 5,749,000 MVP Minneapolis Venture, LLC** 6,543,000 -- 6,543,000 MVP Indianapolis Meridian Lot, LLC 1,601,000 -- 1,601,000 MVP Milwaukee Clybourn, LLC 262,000 -- 262,000 MVP Milwaukee Arena Lot, LLC 4,632,000 -- 4,632,000 MVP Clarksburg Lot, LLC 715,000 -- 715,000 MVP Denver Sherman 1935, LLC 2,534,000 -- 2,534,000 MVP Bridgeport Fairfield Garage, LLC 498,000 7,758,000 8,256,000 Minneapolis City Parking, LLC 9,838,000 -- 9,838,000 $ 106,597,000 $ 128,086,000 $ 234,683,000
Results of Operation of Acquired Properties	For the Year Ended December 31 , 2018 Total Revenues Net Income 2018 acquisitions $ 1,241,000 $ 745,000
Pro Forma Consolidated Results Of Operations	For the Year Ended December 31 , 2018 2017 Revenues from continuing operations $ 22,593,000 $ 11,891,000 Net income (loss) from continuing operations $ (4,508,000) $ (9,326,000) Net income (loss) from continuing operations per share – basic $ (0.69) $ (3.44) Net income (loss) from continuing operations per share – diluted $ (0.69) $ (3.44)	Year Ended December 31, 2017 Total Revenues Net Income 2017 acquisitions $ 6,407,000 $ 1,525,000
Merger with MVP I [Member]
Summary of Acquisitions		Property Name Location Property Type # Spaces Size / Acreage Retail Sq. Ft Purchase Price Allocation in merger MVP PF Ft. Lauderdale 2013 Ft. Lauderdale, FL Lot 66 0.75 4,017 $3,423,000 MVP PF Kansas City 2013 Kansas City, MO Lot 164 1.18 N/A $1,812,000 MVP PF Memphis Poplar 2013, Memphis, TN Lot 127 0.87 N/A $3,735,000 MVP PF Memphis Court 2013 Memphis, TN Lot 37 0.41 N/A $1,208,000 MVP PF St. Louis 2013 St Louis, MO Lot 183 1.22 N/A $5,145,000 Mabley Place Garage Cincinnati, OH Garage 775 0.9 8,400 $21,142,000 MVP Denver Sherman Denver, CO Lot 28 0.14 N/A $705,000 MVP Fort Worth Taylor Fort Worth, TX Garage 1,013 1.18 11,828 $27,658,000 MVP Milwaukee Old World Milwaukee, WI Lot 54 0.26 N/A $2,044,000 MVP St. Louis Convention Plaza St. Louis, MO Lot 221 1.26 N/A $3,091,000 MVP Houston Saks Garage Houston, TX Garage 265 0.36 5,000 $10,391,000 MVP St. Louis Lucas St. Louis, MO Lot 202 1.07 N/A $3,695,000 MVP Milwaukee Wells Milwaukee, WI Lot 100 0.95 N/A $4,873,000 MVP Wildwood NJ Lot 1 (1) Wildwood, NJ Lot 29 0.26 N/A $745,000 MVP Wildwood NJ Lot 2 (1) Wildwood, NJ Lot 45 0.31 N/A $886,000 MVP Indianapolis City Park Indianapolis, IN Garage 370 0.47 N/A $10,813,000 MVP KC Cherry Lot Kansas City, MO Lot 84 0.6 N/A $987,000 MVP Indianapolis WA Street Lot Indianapolis, IN Lot 141 1.07 N/A $5,749,000 Minneapolis City Parking Minneapolis, MN Lot 268 1.98 N/A $9,838,000 MVP Minneapolis Venture Minneapolis, MN Lot 201 2.48 N/A $6,543,000 MVP Indianapolis Meridian Lot Indianapolis, IN Lot 36 0.24 N/A $1,601,000 MVP Milwaukee Clybourn Milwaukee, WI Lot 15 0.06 N/A $262,000 MVP Milwaukee Arena Lot Milwaukee, WI Lot 75 1.11 N/A $4,632,000 MVP Clarksburg Lot Clarksburg, WV Lot 94 0.81 N/A $715,000 MVP Denver Sherman 1935 Denver, CO Lot 72 0.43 N/A $2,534,000 MVP Bridgeport Fairfield Garage Bridgeport, CT Garage 878 1.01 4,349 $8,256,000
Shares Transfers As Result of the Merger		Company common shares outstanding at date of merger 2,451,237 Company common shares issued to MVP I stockholders on date of merger 3,887,513 Total Company common shares outstanding after Merger 6,338,750
Agregate Purchase Price Consideration Allocated To Assets And Liabilities		Assets Investment in properties $ 155,626,892 Cash and cash equivalents, restricted cash, accounts receivable, prepaid expenses, construction in progress and deferred rental assets 4,433,296 Liabilities and Equity Notes payable (64,299,290) Accounts payable, accrued expenses, deferred revenue, security deposits, liabilities related to assets held for sale and due to related parties (3,464,860) Aggregate merger consideration $ 92,296,038
Pro Forma Consolidated Results Of Operations		For the Years Ended December 31, 2017 2016 Revenues from continuing operations $ 20,134,000 $ 16,185,000 Net income (loss) from continuing operations $ (2,561,000) $ 8,596,000 Net income (loss) from continuing operations per share – basic $ (0.95) $ 7.80 Net income (loss) from continuing operations per share – diluted $ (0.95) $ 7.80

Disposition Investments in Re_2

Disposition Investments in Real Estate (Tables)	12 Months Ended
	Dec. 31, 2018
Two St. Louis Parking Lots [Member]
Disposition Investments in Real Estate - Summary Of The Results Of Operations	For the Years Ended December 31, 2018 2017 Revenue $ 312,000 $ 17,000 Expenses (52,000) (4,000) Income from disposed assets, net of income taxes $ 260,000 $ 13,000
Two Kansas City Parking Lots [Member]
Disposition Investments in Real Estate - Summary Of The Results Of Operations	For the Years Ended December 31, 2018 2017 Revenue $ 107,000 $ 8,000 Expenses (24,000) (1,000) Income from disposed assets, net of income taxes $ 83,000 $ 7,000
Minneapolis Parking Lot [Member]
Disposition Investments in Real Estate - Summary Of The Results Of Operations	For the Years Ended December 31, 2018 2017 Revenue $ -- $ 52,000 Expenses (270,000) (11,000) Gain/(Loss) from disposed assets, net of income taxes $ (270,000) $ 41,000
Houston Parking Lot [Member]
Disposition Investments in Real Estate - Summary Of The Results Of Operations	For the Years Ended December 31, 2018 2017 Revenue $ -- $ 63,000 Expenses -- (47,000) Income from disposed assets, net of income taxes $ -- $ 16,000

Notes Payable (Tables)

Notes Payable (Tables)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Debt Disclosure [Abstract]
Schedule Of Debt	Property Original Debt Amount Monthly Payment Balance as of 12/31/2018 Lender Term Interest Rate Loan Maturity MVP PF Ft. Lauderdale 2013, LLC (3) $4,300,000 $25,000 $3,830,000 KeyBank 5 Year 4.94% 2/1/2019 MVP Cincinnati Race Street, LLC $2,550,000 Interest Only $2,550,000 Multiple 1 Year 7.50% 3/25/2019 MVP Wildwood NJ Lot, LLC $1,000,000 Interest Only $1,000,000 Tigges Construction Co. 1 Year 7.50% 4/1/2019 The Parking REIT D&O Insurance $390,000 $28,000 $30,000 First Insurance Funding 1 Year 3.70% 4/3/2019 MVP San Jose 88 Garage, LLC $1,645,000 Interest Only $2,500,000 Multiple 1 Year 7.50% 6/3/2019 MVP Raider Park Garage, LLC (4) $7,400,000 Interest Only $7,400,000 LoanCore 2 Year Variable 12/9/2020 MVP New Orleans Rampart, LLC (4) $5,300,000 Interest Only $5,300,000 LoanCore 2 Year Variable 12/9/2020 MVP Hawaii Marks Garage, LLC (4) $13,500,000 Interest Only $13,500,000 LoanCore 2 Year Variable 12/9/2020 MVP Milwaukee Wells, LLC (4) $2,700,000 Interest Only $2,700,000 LoanCore 2 Year Variable 12/9/2020 MVP Indianapolis City Park, LLC (4) $7,200,000 Interest Only $7,200,000 LoanCore 2 Year Variable 12/9/2020 MVP Indianapolis WA Street, LLC (4) $3,400,000 Interest Only $3,400,000 LoanCore 2 Year Variable 12/9/2020 (table continued) Mabley Place Garage, LLC $9,000,000 $44,000 $8,362,000 Barclays 10 year 4.25% 12/6/2024 MVP Houston Saks Garage, LLC $3,650,000 $20,000 $3,357,000 Barclays Bank PLC 10 year 4.25% 8/6/2025 Minneapolis City Parking, LLC $5,250,000 $29,000 $4,928,000 American National Insurance, of NY 10 year 4.50% 5/1/2026 MVP Bridgeport Fairfield Garage, LLC $4,400,000 $23,000 $4,140,000 FBL Financial Group, Inc. 10 year 4.00% 8/1/2026 West 9 th $5,300,000 $30,000 $5,039,000 American National Insurance Co. 10 year 4.50% 11/1/2026 MVP Fort Worth Taylor, LLC $13,150,000 $73,000 $12,528,000 American National Insurance, of NY 10 year 4.50% 12/1/2026 MVP Detroit Center Garage, LLC $31,500,000 $194,000 $30,360,000 Bank of America 10 year 5.52% 2/1/2027 MVP St Louis Washington, LLC (1) $1,380,000 Interest Only $1,380,000 KeyBank 10 year * 4.90% 5/1/2027 St Paul Holiday Garage, LLC (1) $4,132,000 Interest Only $4,132,000 KeyBank 10 year * 4.90% 5/1/2027 Cleveland Lincoln Garage, LLC (1) $3,999,000 Interest Only $3,999,000 KeyBank 10 year * 4.90% 5/1/2027 MVP Denver Sherman, LLC (1) $286,000 Interest Only $286,000 KeyBank 10 year * 4.90% 5/1/2027 MVP Milwaukee Arena Lot, LLC (1) $2,142,000 Interest Only $2,142,000 KeyBank 10 year * 4.90% 5/1/2027 MVP Denver Sherman 1935, LLC (1) $762,000 Interest Only $762,000 KeyBank 10 year * 4.90% 5/1/2027 MVP Louisville Broadway Station, LLC (2) $1,682,000 Interest Only $1,682,000 Cantor Commercial Real Estate 10 year ** 5.03% 5/6/2027 MVP Whitefront Garage, LLC (2) $6,454,000 Interest Only $6,454,000 Cantor Commercial Real Estate 10 year ** 5.03% 5/6/2027 MVP Houston Preston Lot, LLC (2) $1,627,000 Interest Only $1,627,000 Cantor Commercial Real Estate 10 year ** 5.03% 5/6/2027 MVP Houston San Jacinto Lot, LLC (2) $1,820,000 Interest Only $1,820,000 Cantor Commercial Real Estate 10 year ** 5.03% 5/6/2027 St. Louis Broadway, LLC (2) $1,671,000 Interest Only $1,671,000 Cantor Commercial Real Estate 10 year ** 5.03% 5/6/2027 St. Louis Seventh & Cerre, LLC (2) $2,057,000 Interest Only $2,057,000 Cantor Commercial Real Estate 10 year ** 5.03% 5/6/2027 MVP Indianapolis Meridian Lot, LLC (2) $938,000 Interest Only $938,000 Cantor Commercial Real Estate 10 year ** 5.03% 5/6/2027 MVP Preferred Parking, LLC $11,330,000 Interest Only $11,330,000 Key Bank 10 year ** 5.02% 8/1/2027 Less unamortized loan issuance costs ($2,443,000) $155,961,000	Property Original Debt Amount Monthly Payment Balance as of 12/31/2017 Lender Term Interest Rate Loan Maturity West 9 th $5,300,000 $30,000 $5,163,000 American National Insurance Co. 10 year 4.50% 11/1/2026 MVP Detroit Center Garage, LLC $31,500,000 $194,000 $30,970,000 Bank of America 10 year 5.52% 2/1/2027 MVP St Louis Washington, LLC (1) $1,380,000 Interest Only $1,380,000 KeyBank 10 year * 4.90% 5/1/2027 St Paul Holiday Garage, LLC (1) $4,132,000 Interest Only $4,132,000 KeyBank 10 year * 4.90% 5/1/2027 Cleveland Lincoln Garage, LLC (1) $3,999,000 Interest Only $3,999,000 KeyBank 10 year * 4.90% 5/1/2027 Louisville Broadway Station, LLC (4) $1,682,000 Interest Only $1,682,000 Cantor Commercial Real Estate 10 year ** 5.03% 5/6/2027 Whitefront Garage, LLC (2) $6,454,000 Interest Only $6,454,000 Cantor Commercial Real Estate 10 year ** 5.03% 5/6/2027 MVP Houston Preston Lot, LLC (2) $1,627,000 Interest Only $1,627,000 Cantor Commercial Real Estate 10 year ** 5.03% 5/6/2027 MVP Houston San Jacinto Lot, LLC (2) $1,820,000 Interest Only $1,820,000 Cantor Commercial Real Estate 10 year ** 5.03% 5/6/2027 St. Louis Broadway, LLC (2) $1,671,000 Interest Only $1,671,000 Cantor Commercial Real Estate 10 year ** 5.03% 5/6/2027 St. Louis Seventh & Cerre, LLC (2) $2,058,000 Interest Only $2,058,000 Cantor Commercial Real Estate 10 year ** 5.03% 5/6/2027 MVP Preferred Parking, LLC (1) $11,330,000 Interest Only $11,330,000 Key Bank 10 year ** 5.02% 8/1/2027 MVP PF Ft. Lauderdale 2013, LLC (3) $4,300,000 $25,000 3,935,000 KeyBank 5 Year 4.94% 2/1/2019 Mabley Place Garage, LLC $9,000,000 $44,000 8,530,000 Barclays 10 year 4.25% 12/6/2024 MVP Denver Sherman, LLC (1) $286,000 Interest Only 286,000 KeyBank 10 year ** 4.90% 5/1/2027 MVP Fort Worth Taylor, LLC $13,150,000 $73,000 12,834,000 American National Insurance, of NY 10 year 4.50% 12/1/2026 MVP Houston Saks Garage, LLC $3,650,000 $20,000 3,447,000 Barclays Bank PLC 10 year 4.25% 8/6/2025 MVP St. Louis Lucas, LLC (4) $3,490,000 $20,000 3,345,000 Key Bank 10 year 4.59% 2/1/2026 MVP Indianapolis City Park, LLC (5) $8,200,000 $46,000 7,860,000 Key Bank 10 year 4.59% 2/1/2026 MVP Indianapolis Meridian Lot, LLC (2) $938,000 Interest Only 938,000 Cantor Commercial Real Estate 10 year ** 5.03% 5/6/2027 MVP Milwaukee Arena Lot, LLC (1) $2,142,000 Interest Only 2,142,000 KeyBank 10 year ** 4.90% 5/1/2027 MVP Denver Sherman 1935, LLC (1) $762,000 Interest Only 762,000 KeyBank 10 year ** 4.90% 5/1/2027 Minneapolis City Parking, LLC $5,250,000 $29,000 5,053,000 American National Insurance, of NY 10 year 4.50% 5/1/2026 MVP Bridgeport Fairfield Garage, LLC $4,400,000 $23,000 4,252,000 FBL Financial Group, Inc. 10 year 4.00% 8/1/2026 Less unamortized loan issuance costs (1,900,000) $123,770,000
Notes Payable Paid in Full In Period	Property Original Debt Amount Monthly Payment Balance as of 12/31/2018 Lender Term Interest Rate Loan Maturity St. Louis Lucas (1)(3) $3,490,000 $20,000 -- Key Bank 10 year 4.59% 2/1/2026 Indianapolis Garage (2)(3) $8,200,000 $46,000 -- Key Bank 10 year 4.59% 2/1/2026	Property Original Debt Amount Monthly Payment Balance as of 12/31/2017 Lender Term Interest Rate Loan Maturity D&O Financing $140,000 $14,000 -- 1 Year 3.81% 8/3/2017 JNL Parking $300,000 -- -- JNL Parking 3 Months (I/O) 1.00% 9/30/2017 iPark $500,000 -- -- iPark Services, LLC 3 Months (I/O) 5.75% 9/30/2017 MVP Realty Advisors $2,100,000 -- -- MVP Realty Advisors 1 Year (I/O) 5.00% 6/30/2018 MVP San Jose 88 Garage, LLC $2,200,000 Interest Only -- Owens Realty Mortgage, Inc. 2 year (I/O) 7.75% 1/15/2019 MVP Cincinnati Race Street Garage, LLC $3,000,000 Interest Only -- Moonshell, LLC 3 Months (I/O) 9.00% 1/10/2018
Future Principal Payments On The Notes Payable	2019 $ 11,691,000 2020 41,454,000 2021 2,058,000 2022 2,252,000 2023 2,499,000 Thereafter 98,450,000 Less unamortized loan issuance costs (2,443,000) Total $ 155,961,000	2018 $ 1,925,000 2019 5,901,000 2020 2,259,000 2021 2,378,000 2022 2,586,000 Thereafter 110,617,000 Less unamortized loan issuance costs (1,896,000) Total $ 123,770,000

Investment In DST (Tables)

Investment In DST (Tables)	12 Months Ended
	Dec. 31, 2018
Investment In DST [Member]
Summarized Financial Information	December 31, 2018 December 31, 2017 (Unaudited) (Unaudited) ASSETS Investments in real estate and fixed assets $ 11,512,000 $ 11,512,000 Cash 32,000 26,000 Cash – restricted 15,000 5,000 Accounts receivable 141,000 Prepaid expenses 8,000 82,000 Total assets $ 11,708,000 $ 11,625,000 LIABILITIES AND EQUITY Liabilities Notes payable, net of unamortized loan issuance costs of approximately $62,000 and $65,000 as of December 31, 2018 and 2017 , respectively $ 5,945,000 $ 5,935,000 Accounts payable and accrued liabilities 63,000 61,000 Due to related party 181,000 87,000 Total liabilities 6,189,000 6,083,000 Equity Member’s equity 6,129,000 6,129,000 Offering costs (574,000) (574,000) Accumulated earnings 606,000 225,000 Distributions to members (642,000) (238,000) Total equity 5,519,000 5,542,000 Total liabilities and equity $ 11,708,000 $ 11,625,000 Summarized Statements of Operations—Unconsolidated Real Estate Affiliates—Equity Method Investments For the Year Ended December 31, 2018 For the Period from June 1, 2017 through December 31, 2017 Revenue $ 729,000 $ 425,000 Expenses (348,000) (200,000) Net income $ 381,000 $ 225,000

Investment in Equity Method I_2

Investment in Equity Method Investee (Tables)	12 Months Ended
	Dec. 31, 2017
Investment in Equity Method Investee [Member]
Summarized Financial Information	Summarized Statements of Operations—Unconsolidated Real Estate Affiliates—Equity Method Investments— MVP Denver For the Period from June 1, 2017 through December 15, 2017 Revenue $ 115,000 Expenses (77,000) Net income $ 38,000 Summarized Statements of Operations—Unconsolidated Real Estate Affiliates—Equity Method Investments— MVP Preston For the Period from June 1, 2017 through April 31, 2017 Revenue $ 76,000 Expenses (13,000) Net income $ 63,000

Income Taxes and Critical Acc_2

Income Taxes and Critical Accounting Policy (Tables)	12 Months Ended
	Dec. 31, 2018
Income Tax Disclosure [Abstract]
Tax Treatment of Distributions	2018 2017 2016 Ordinary $ -- $ -- $ -- Capital Gain -- -- -- Return of Capital 3,933,000 2,399,000 732,000 $ 3,933,000 $ 2,399,000 $ 732,000

Schedule III - Real Estate an_2

Schedule III - Real Estate and Accumulated Depreciation (Tables)	12 Months Ended
	Dec. 31, 2018
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation Disclosure [Abstract]
Schedule of Real Estate and Accumulated Depreciation By Property	Initial Cost Gross Carrying Amount at December 31, 2018 Description ST Encumbrance Land Buildings and Improvements Total Cost Capitalized Subsequent to Acquisition Land Building and Improvements Total Accumulated Depreciation (1) Date Acquired Life on which depr in latest statement is computed West 9th Street OH $ -- $ 5,675,000 $ -- $ 5,675,000 $ -- $ 5,845,000 $ -- $ 5,845,000 $ 13,000 2016 15 Crown Colony OH -- 3,030,000 -- 3,030,000 -- 3,050,000 -- 3,050,000 2,000 2016 15 San Jose CA -- 1,073,000 2,503,000 3,576,000 -- 1,073,000 2,771,000 3,844,000 191,000 2016 39,15 MCI 1372 Street OH -- 700,000 -- 700,000 -- 700,000 -- 700,000 -- 2016 N/A Cincinnati Race Street OH -- 2,142,000 2,358,000 4,500,000 -- 2,142,000 4,158,000 6,300,000 229,000 2016 39,15 St Louis Washington MO -- 3,000,000 -- 3,000,000 -- 3,007,000 -- 3,007,000 -- 2016 15 St Paul Holiday Garage MN -- 1,673,000 6,527,000 8,200,000 -- 1,673,000 6,723,000 8,396,000 413,000 2016 39,15 Louisville Station KY -- 3,050,000 -- 3,050,000 -- 3,107,000 -- 3,107,000 6,000 2016 15 Whitefront Garage TN -- 3,116,000 8,380,000 11,496,000 -- 3,116,000 8,556,000 11,672,000 500,000 2016 39,15 Cleveland Lincoln Garage OH -- 2,195,000 5,122,000 7,317,000 -- 2,195,000 8,346,000 10,541,000 312,000 2016 39,15 Houston Preston TX -- 2,800,000 -- 2,800,000 -- 2,820,000 -- 2,820,000 2,000 2016 15 Houston San Jacinto TX -- 3,200,000 -- 3,200,000 -- 3,250,000 -- 3,250,000 5,000 2016 15 MVP Detroit Center Garage MI -- 7,000,000 48,000,000 55,000,000 -- 7,000,000 48,476,000 55,476,000 2,436,000 2017 39,15 St. Louis Broadway Group MO -- 2,400,000 -- 2,400,000 -- 2,400,000 -- 2,400,000 -- 2017 N/A St. Louis Seventh & Cerre MO -- 3,300,000 -- 3,300,000 -- 3,300,000 -- 3,300,000 -- 2017 N/A MVP Preferred Parking TX -- 15,800,000 4,700,000 20,500,000 -- 15,800,000 5,315,000 21,115,000 196,000 2017 39,15 MVP Raider Park Garage TX -- 1,960,000 9,040,000 11,000,000 -- 1,964,000 9,065,000 11,029,000 255,000 2017 39,15 MVP PF Ft. Lauderdale 2013 FL -- 3,423,000 -- 3,423,000 -- 3,423,000 -- 3,423,000 -- 2017 N/A MVP PF Memphis Court 2013 TN -- 1,208,000 -- 1,208,000 -- 1,008,000 -- 1,008,000 -- 2017 N/A MVP PF Memphis Poplar 2013 TN -- 3,735,000 -- 3,735,000 -- 3,735,000 -- 3,735,000 70,000 2017 15 MVP PF St. Louis 2013 MO -- 5,145,000 -- 5,145,000 -- 5,145,000 -- 5,145,000 111,000 2017 15 Mabley Place Garage OH -- 1,585,000 19,557,000 21,142,000 -- 1,592,000 19,593,000 21,185,000 596,000 2017 39,15 MVP Denver Sherman CO -- 705,000 -- 705,000 -- 705,000 -- 705,000 -- 2017 N/A MVP Fort Worth Taylor TX -- 2,845,000 24,813,000 27,658,000 -- 2,845,000 24,818,000 27,663,000 713,000 2017 39,15 MVP Milwaukee Old World WI -- 2,044,000 -- 2,044,000 -- 2,044,000 -- 2,044,000 23,000 2017 15 MVP Houston Saks Garage TX -- 4,931,000 5,460,000 10,391,000 -- 4,931,000 5,460,000 10,391,000 174,000 2017 39,15 MVP Milwaukee Wells WI -- 4,873,000 -- 4,873,000 -- 5,083,000 -- 5,083,000 29,000 2017 15 MVP Wildwood NJ Lot NJ -- 1,631,000 -- 1,631,000 -- 1,231,000 -- 1,231,000 -- 2017 N/A MVP Indianapolis City Park IN -- 2,055,000 8,758,000 10,813,000 -- 2,056,000 8,878,000 10,934,000 310,000 2017 39,15 MVP Indianapolis WA Street Lot IN -- 5,749,000 -- 5,749,000 -- 5,749,000 -- 5,749,000 23,000 2017 15 MVP Minneapolis Venture MN -- 6,543,000 -- 6,543,000 -- 4,012,000 -- 4,012,000 -- 2017 N/A MVP Indianapolis Meridian Lot IN -- 1,601,000 -- 1,601,000 -- 1,601,000 -- 1,601,000 5,000 2017 15 MVP Milwaukee Clybourn WI -- 262,000 -- 262,000 -- 262,000 -- 262,000 3,000 2017 15 MVP Milwaukee Arena WI -- 4,632,000 -- 4,632,000 -- 4,631,000 -- 4,631,000 -- 2017 N/A MVP Clarksburg Lot WV -- 715,000 -- 715,000 -- 715,000 -- 715,000 5,000 2017 15 MVP Denver Sherman 1935 CO -- 2,534,000 -- 2,534,000 -- 2,533,000 -- 2,533,000 -- 2017 N/A MVP Bridgeport Fairfield Garage CT -- 498,000 7,758,000 8,256,000 -- 498,000 7,758,000 8,256,000 237,000 2017 39,15 Minneapolis City Parking MN -- 9,838,000 -- 9,838,000 -- 9,838,000 -- 9,838,000 91,000 2017 15 MVP New Orleans Rampart LA -- 8,105,000 -- 8,105,000 -- 8,105,000 -- 8,105,000 -- 2018 N/A MVP Hawaii Marks HI -- 9,118,000 11,716,000 20,834,000 -- 9,118,000 11,882,000 21,000,000 160,000 2018 39,15 $ -- $ 145,889,000 $ 164,692,000 $ 310,581,000 $ -- $ 143,302,000 $ 171,799,000(2) $ 315,101,000 $ 7,110,000 (3)
Historical Cost Of Total Real Estate Held For Investment	2018 2017 Total real estate held for investment, inception (prior) $ 287,052,000 $ 53,743,000 Additions during period: 5,068,000 2,370,000 Acquisitions 33,166,000 230,939,000 Deductions during period: (10,185,000) -- Total real estate held for investment, end of year $ 315,101,000 $ 287,052,000
Schedule of Accumulated Depreciation	2018 2017 Accumulated depreciation, inception (prior) $ 2,231,000 $ 195,000 Deductions during period: (38,000) -- Depreciation of real estate 4,917,000 2,036,000 Accumulated depreciation, end of year (1) $ 7,110,000 $ 2,231,000

Summary of Significant Accoun_4

Summary of Significant Accounting Policies (Details) - Revenue Concentration	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Concentration, Percentage	57.50%
Base Parking Rent By Tenant [Member] | SP + [Member]
Concentration, Percentage	57.60%	54.50%
Base Parking Rent By Tenant [Member] | iPark Services [Member]
Concentration, Percentage	13.30%	12.90%
Base Parking Rent By Tenant [Member] | ABM [Member]
Concentration, Percentage	4.50%	2.20%
Base Parking Rent By Tenant [Member] | ISOM Mgmt. [Member]
Concentration, Percentage	4.20%	1.00%
Base Parking Rent By Tenant [Member] | Premier Parking [Member]
Concentration, Percentage	3.70%	7.80%
Base Parking Rent By Tenant [Member] | Interstate Parking [Member]
Concentration, Percentage	2.70%	6.20%
Base Parking Rent By Tenant [Member] | 342 N. Rampart [Member]
Concentration, Percentage	2.70%
Base Parking Rent By Tenant [Member] | Denison [Member]
Concentration, Percentage	2.50%	0.20%
Base Parking Rent By Tenant [Member] | Lanier [Member]
Concentration, Percentage	2.40%	4.20%
Base Parking Rent By Tenant [Member] | St. Louis Parking [Member]
Concentration, Percentage	2.20%	4.10%
Base Parking Rent By Tenant [Member] | BEST PARK [Member]
Concentration, Percentage	1.50%	0.10%
Base Parking Rent By Tenant [Member] | Riverside Parking [Member]
Concentration, Percentage	1.00%	2.20%
Base Parking Rent By Tenant [Member] | PCAM, LLC [Member]
Concentration, Percentage	0.60%	0.10%
Base Parking Rent By Tenant [Member] | TNSH, LLC [Member]
Concentration, Percentage	0.80%
Base Parking Rent By Tenant [Member] | Denver School [Member]
Concentration, Percentage	0.20%	10.00%
Base Parking Rent By Tenant [Member] | Secure [Member]
Concentration, Percentage	0.10%	10.00%
Base Parking Rent By Tenant [Member] | Miller Parking [Member]
Concentration, Percentage		4.50%
City Concentration for Parking Base Rent [Member] | Detroit [Member]
Concentration, Percentage	18.20%	39.60%
City Concentration for Parking Base Rent [Member] | Houston [Member]
Concentration, Percentage	13.30%	12.90%
City Concentration for Parking Base Rent [Member] | Cincinnati [Member]
Concentration, Percentage	9.20%	4.00%
City Concentration for Parking Base Rent [Member] | Fort Worth [Member]
Concentration, Percentage	8.10%	0.70%
City Concentration for Parking Base Rent [Member] | Indianapolis [Member]
Concentration, Percentage	6.50%	0.60%
City Concentration for Parking Base Rent [Member] | St Louis [Member]
Concentration, Percentage	5.40%	6.20%
City Concentration for Parking Base Rent [Member] | Cleveland [Member]
Concentration, Percentage	5.30%	11.70%
City Concentration for Parking Base Rent [Member] | Minneapolis [Member]
Concentration, Percentage	4.30%	0.40%
City Concentration for Parking Base Rent [Member] | Lubbock [Member]
Concentration, Percentage	4.20%	1.00%
City Concentration for Parking Base Rent [Member] | Nashville [Member]
Concentration, Percentage	3.70%	7.70%
City Concentration for Parking Base Rent [Member] | Milwaukee [Member]
Concentration, Percentage	3.50%	0.30%
City Concentration for Parking Base Rent [Member] | St Paul [Member]
Concentration, Percentage	2.70%	6.20%
City Concentration for Parking Base Rent [Member] | New Orleans[Member]
Concentration, Percentage	2.70%
City Concentration for Parking Base Rent [Member] | Honolulu [Member]
Concentration, Percentage	2.60%
City Concentration for Parking Base Rent [Member] | San Jose [Member]
Concentration, Percentage	2.40%	5.40%
City Concentration for Parking Base Rent [Member] | Bridgeport [Member]
Concentration, Percentage	2.30%	0.20%
City Concentration for Parking Base Rent [Member] | Memphis [Member]
Concentration, Percentage	1.60%	0.10%
City Concentration for Parking Base Rent [Member] | Louisville [Member]
Concentration, Percentage	1.00%	2.20%
City Concentration for Parking Base Rent [Member] | Ft. Lauderdale [Member]
Concentration, Percentage	0.60%	0.10%
City Concentration for Parking Base Rent [Member] | Denver [Member]
Concentration, Percentage	0.80%	0.10%
City Concentration for Parking Base Rent [Member] | Kansas City [Member]
Concentration, Percentage	0.60%	0.10%
City Concentration for Parking Base Rent [Member] | Wildwood [Member]
Concentration, Percentage	0.40%	10.00%
City Concentration for Parking Base Rent [Member] | Canton [Member]
Concentration, Percentage	0.30%	0.50%
City Concentration for Parking Base Rent [Member] | Clarksburg [Member]
Concentration, Percentage	0.30%	10.00%
Real Estate Investment Concentration by City [Member] | Detroit [Member]
Concentration, Percentage	17.60%	18.80%
Real Estate Investment Concentration by City [Member] | Houston [Member]
Concentration, Percentage	11.90%	12.70%
Real Estate Investment Concentration by City [Member] | Cincinnati [Member]
Concentration, Percentage	8.70%	9.10%
Real Estate Investment Concentration by City [Member] | Fort Worth [Member]
Concentration, Percentage	8.80%	9.40%
Real Estate Investment Concentration by City [Member] | Indianapolis [Member]
Concentration, Percentage	5.80%	6.20%
Real Estate Investment Concentration by City [Member] | St Louis [Member]
Concentration, Percentage	4.40%	7.00%
Real Estate Investment Concentration by City [Member] | Cleveland [Member]
Concentration, Percentage	6.20%	5.60%
Real Estate Investment Concentration by City [Member] | Minneapolis [Member]
Concentration, Percentage	4.40%	5.60%
Real Estate Investment Concentration by City [Member] | Lubbock [Member]
Concentration, Percentage	3.50%	3.70%
Real Estate Investment Concentration by City [Member] | Nashville [Member]
Concentration, Percentage	3.70%	4.00%
Real Estate Investment Concentration by City [Member] | Milwaukee [Member]
Concentration, Percentage	3.80%	4.00%
Real Estate Investment Concentration by City [Member] | St Paul [Member]
Concentration, Percentage	2.70%	2.90%
Real Estate Investment Concentration by City [Member] | New Orleans[Member]
Concentration, Percentage	2.60%
Real Estate Investment Concentration by City [Member] | Honolulu [Member]
Concentration, Percentage	6.70%
Real Estate Investment Concentration by City [Member] | San Jose [Member]
Concentration, Percentage	1.20%	1.30%
Real Estate Investment Concentration by City [Member] | Bridgeport [Member]
Concentration, Percentage	2.60%	2.80%
Real Estate Investment Concentration by City [Member] | Memphis [Member]
Concentration, Percentage	1.50%	1.70%
Real Estate Investment Concentration by City [Member] | Louisville [Member]
Concentration, Percentage	1.00%	1.10%
Real Estate Investment Concentration by City [Member] | Ft. Lauderdale [Member]
Concentration, Percentage	1.10%	1.20%
Real Estate Investment Concentration by City [Member] | Denver [Member]
Concentration, Percentage	1.00%	1.10%
Real Estate Investment Concentration by City [Member] | Kansas City [Member]
Concentration, Percentage		0.90%
Real Estate Investment Concentration by City [Member] | Wildwood [Member]
Concentration, Percentage	0.40%	0.50%
Real Estate Investment Concentration by City [Member] | Canton [Member]
Concentration, Percentage	0.20%	0.20%
Real Estate Investment Concentration by City [Member] | Clarksburg [Member]
Concentration, Percentage	0.20%	0.20%

Investments in Real Estate and

Investments in Real Estate and Fixed Assets (Detail) - Schedule of Real Estate Properties	12 Months Ended
	Dec. 31, 2018USD ($)aft²	Dec. 31, 2017USD ($)aft²
MVP Cleveland West 9th [Member]
Location	Cleveland, OH	Cleveland, OH
Date Acquired	5/11/2016	5/11/2016
Property Type	Lot	Lot
# Spaces	260	260
Property Size (Acres) | a	2	2
Investment Amount	$ 5,845,000	$ 5,823,000
Parking Tenant	SP +	SP +
33740 Crown Colony [Member]
Location	Cleveland, OH	Cleveland, OH
Date Acquired	5/17/2016	5/17/2016
Property Type	Lot	Lot
# Spaces	82	82
Property Size (Acres) | a	0.54	0.54
Investment Amount	$ 3,050,000	$ 3,049,000
Parking Tenant	SP +	SP +
MVP San Jose 88 Garage [Member]
Location	San Jose, CA	San Jose, CA
Date Acquired	6/15/2016	6/15/2016
Property Type	Garage	Garage
# Spaces	328	328
Property Size (Acres) | a	1.33	1.33
Investment Amount	$ 3,844,000	$ 3,825,000
Parking Tenant	Lanier	Lanier
MCI 1372 Street [Member]
Location	Canton, OH	Canton, OH
Date Acquired	7/8/2016	7/8/2016
Property Type	Lot	Lot
# Spaces	66	66
Property Size (Acres) | a	0.44	0.44
Investment Amount	$ 700,000	$ 700,000
Parking Tenant	ABM	ABM
MVP Cincinnati Race Street Garage [Member]
Location	Cincinnati, OH	Cincinnati, OH
Date Acquired	7/8/2016	7/8/2016
Property Type	Garage	Garage
# Spaces	350	350
Property Size (Acres) | a	0.63	0.63
Investment Amount	$ 6,300,000	$ 5,558,000
Parking Tenant	SP +	SP +
MVP St. Louis Washington [Member]
Location	St Louis, MO	St Louis, MO
Date Acquired	7/18/2016	7/18/2016
Property Type	Lot	Lot
# Spaces	63	63
Property Size (Acres) | a	0.39	0.39
Investment Amount	$ 3,007,000	$ 3,000,000
Parking Tenant	SP +	SP +
MVP St. Paul Holiday Garage [Member]
Location	St Paul, MN	St Paul, MN
Date Acquired	8/12/2016	8/12/2016
Property Type	Garage	Garage
# Spaces	285	285
Property Size (Acres) | a	0.85	0.85
Investment Amount	$ 8,396,000	$ 8,396,000
Parking Tenant	Interstate Parking	Interstate Parking
MVP Louisville Station Broadway [Member]
Location	Louisville, KY	Louisville, KY
Date Acquired	8/23/2016	8/23/2016
Property Type	Lot	Lot
# Spaces	165	165
Property Size (Acres) | a	1.25	1.25
Investment Amount	$ 3,107,000	$ 3,107,000
Parking Tenant	Riverside Parking	Riverside Parking
White Front Garage Partners [Member]
Location	Nashville, TN	Nashville, TN
Date Acquired	9/30/2016	9/30/2016
Property Type	Garage	Garage
# Spaces	155	155
Property Size (Acres) | a	0.26	0.26
Investment Amount	$ 11,672,000	$ 11,673,000
Parking Tenant	Premier Parking	Premier Parking
Cleveland Lincoln Garage Owners [Member]
Location	Cleveland, OH	Cleveland, OH
Date Acquired	10/19/2016	10/19/2016
Property Type	Garage	Garage
# Spaces	536	536
Property Size (Acres) | a	1.14	1.14
Retail Sq. Ft | ft²	45,272	45,272
Investment Amount	$ 10,541,000	$ 7,406,000
Parking Tenant	SP +	SP +
MVP Houston Preston Lot [Member]
Location	Houston, TX	Houston, TX
Date Acquired	11/22/2016	11/22/2016
Property Type	Lot	Lot
# Spaces	46	46
Property Size (Acres) | a	0.23	0.23
Investment Amount	$ 2,820,000	$ 2,820,000
Parking Tenant	iPark Services	iPark Services
MVP Houston San Jacinto Lot [Member]
Location	Houston, TX	Houston, TX
Date Acquired	11/22/2016	11/22/2016
Property Type	Lot	Lot
# Spaces	85	85
Property Size (Acres) | a	0.65	0.65
Retail Sq. Ft | ft²	240	240
Investment Amount	$ 3,250,000	$ 3,250,000
Parking Tenant	iPark Services	iPark Services
MVP Detroit Center Garage [Member]
Location	Detroit, MI	Detroit, MI
Date Acquired	2/1/2017	2/1/2017
Property Type	Garage	Garage
# Spaces	1,275	1,275
Property Size (Acres) | a	1.28	1.28
Investment Amount	$ 55,476,000	$ 55,306,000
Parking Tenant	SP +	SP +
St. Louis Broadway [Member]
Location	St Louis, MO	St Louis, MO
Date Acquired	5/6/2017	02/01/2017
Property Type	Lot	Lot
# Spaces	161	161
Property Size (Acres) | a	0.96	0.96
Investment Amount	$ 2,400,000	$ 2,400,000
Parking Tenant	St. Louis Parking	St. Louis Parking
St. Louis Seventh & Cerre [Member]
Location	St Louis, MO	St Louis, MO
Date Acquired	5/6/2017	5/6/2017
Property Type	Lot	Lot
# Spaces	174	174
Property Size (Acres) | a	1.06	1.06
Investment Amount	$ 3,300,000	$ 3,300,000
Parking Tenant	St. Louis Parking	St. Louis Parking
MVP Preferred Parking [Member]
Location	Houston, TX	Houston, TX
Date Acquired	8/1/2017	06/29/2017
Property Type	Garage/Lot	Garage/Lot
# Spaces	528	528
Property Size (Acres) | a	0.98	0.98
Retail Sq. Ft | ft²	784	784
Investment Amount	$ 21,115,000	$ 20,500,000
Parking Tenant	iPark Services	iPark Services
MVP Raider Park Garage [Member]
Location	Lubbock, TX	Lubbock, TX
Date Acquired	11/21/2017	11/21/2017
Property Type	Garage	Garage
# Spaces	1,495	1,495
Property Size (Acres) | a	2.15	2.15
Retail Sq. Ft | ft²	20,536	20,536
Investment Amount	$ 11,029,000	$ 11,000,000
Parking Tenant	ISOM Management	ISOM Management
MVP PF Ft. Lauderdale [Member]
Location	Ft. Lauderdale, FL	Ft. Lauderdale, FL
Date Acquired	12/15/2017	12/15/2017
Property Type	Lot	Lot
# Spaces	66	66
Property Size (Acres) | a	0.75	0.75
Retail Sq. Ft | ft²	4,017	4,017
Investment Amount	$ 3,423,000	$ 3,423,000
Parking Tenant	SP +	SP +
MVP PF Memphis Court [Member]
Location	Memphis, TN	Memphis, TN
Date Acquired	12/15/2017	12/15/2017
Property Type	Lot	Lot
# Spaces	37	37
Property Size (Acres) | a	0.41	0.41
Investment Amount	$ 1,008,000	$ 1,208,000
Parking Tenant	SP +	SP +
MVP PF Memphis Poplar [Member]
Location	Memphis, TN	Memphis, TN
Date Acquired	12/15/2017	12/15/2017
Property Type	Lot	Lot
# Spaces	127	127
Property Size (Acres) | a	0.87	0.87
Investment Amount	$ 3,735,000	$ 3,735,000
Parking Tenant	Best Park	Best Park
MVP PF St. Louis [Member]
Location	St Louis, MO	St Louis, MO
Date Acquired	12/15/2017	12/15/2017
Property Type	Lot	Lot
# Spaces	183	183
Property Size (Acres) | a	1.22	1.22
Investment Amount	$ 5,145,000	$ 5,145,000
Parking Tenant	SP +	SP +
Mabley Place Garage [Member]
Location	Cincinnati, OH	Cincinnati, OH
Date Acquired	12/15/2017	12/15/2017
Property Type	Garage	Garage
# Spaces	775	775
Property Size (Acres) | a	0.9	0.9
Retail Sq. Ft | ft²	8,400	8,400
Investment Amount	$ 21,185,000	$ 21,142,000
Parking Tenant	SP +	SP +
MVP Denver Sherman [Member]
Location	Denver, CO	Denver, CO
Date Acquired	12/15/2017	12/15/2017
Property Type	Lot	Lot
# Spaces	28	28
Property Size (Acres) | a	0.14	0.14
Investment Amount	$ 705,000	$ 705,000
Parking Tenant	Denver School	Denver School
MVP Fort Worth Taylor [Member]
Location	Fort Worth, TX	Fort Worth, TX
Date Acquired	12/15/2017	12/15/2017
Property Type	Garage	Garage
# Spaces	1,013	1,013
Property Size (Acres) | a	1.18	1.18
Retail Sq. Ft | ft²	11,828	11,828
Investment Amount	$ 27,663,000	$ 27,658,000
Parking Tenant	SP +	SP +
MVP Milwaukee Old World [Member]
Location	Milwaukee, WI	Milwaukee, WI
Date Acquired	12/15/2017	12/15/2017
Property Type	Lot	Lot
# Spaces	54	54
Property Size (Acres) | a	0.26	0.26
Investment Amount	$ 2,044,000	$ 2,043,000
Parking Tenant	SP +	SP +
MVP Houston Saks Garage [Member]
Location	Houston, TX	Houston, TX
Date Acquired	12/15/2017	12/15/2017
Property Type	Garage	Garage
# Spaces	265	265
Property Size (Acres) | a	0.36	0.36
Retail Sq. Ft | ft²	5,000	5,000
Investment Amount	$ 10,391,000	$ 10,391,000
Parking Tenant	iPark Services	iPark Services
MVP Milwaukee Wells [Member]
Location	Milwaukee, WI	Milwaukee, WI
Date Acquired	12/15/2017	12/15/2017
Property Type	Lot	Lot
# Spaces	148	100
Property Size (Acres) | a	1.07	0.95
Investment Amount	$ 5,083,000	$ 4,873,000
Parking Tenant	Symphony	PCAM, LLC
MVP Wildwood NJ Lot 1 [Member]
Location	Wildwood, NJ	Wildwood, NJ
Date Acquired	12/15/2017	12/15/2017
Property Type	Lot	Lot
# Spaces	29	29
Property Size (Acres) | a	0.26	0.26
Investment Amount	$ 545,000	$ 745,000
Parking Tenant	SP +	SP +
MVP Wildwood NJ Lot 2 [Member]
Location	Wildwood, NJ	Wildwood, NJ
Date Acquired	12/15/2017	12/15/2017
Property Type	Lot	Lot
# Spaces	45	45
Property Size (Acres) | a	0.31	0.31
Investment Amount	$ 686,000	$ 886,000
Parking Tenant	SP+	SP+
MVP Indianapolis City Park [Member]
Location	Indianapolis, IN	Indianapolis, IN
Date Acquired	12/15/2017	12/15/2017
Property Type	Garage	Garage
# Spaces	370	370
Property Size (Acres) | a	0.47	0.47
Investment Amount	$ 10,934,000	$ 10,813,000
Parking Tenant	ABM	ABM
MVP Indianapolis WA Street [Member]
Location	Indianapolis, IN	Indianapolis, IN
Date Acquired	12/15/2017	12/15/2017
Property Type	Lot	Lot
# Spaces	141	141
Property Size (Acres) | a	1.07	1.07
Investment Amount	$ 5,749,000	$ 5,749,000
Parking Tenant	Denison	Denison
MVP Minneapolis Venture [Member]
Location	Minneapolis, MN
Date Acquired	12/15/2017
Property Type	Lot
# Spaces	195
Property Size (Acres) | a	1.65
Investment Amount	$ 4,012,000
Parking Tenant	N/A
Minneapolis City Parking [Member]
Location	Minneapolis, MN	Minneapolis, MN
Date Acquired	12/15/2017	12/15/2017
Property Type	Lot	Lot
# Spaces	268	268
Property Size (Acres) | a	1.98	1.98
Investment Amount	$ 9,838,000	$ 9,838,000
Parking Tenant	SP +	SP +
MVP Indianapolis Meridian [Member]
Location	Indianapolis, IN	Indianapolis, IN
Date Acquired	12/15/2017	12/15/2017
Property Type	Lot	Lot
# Spaces	36	36
Property Size (Acres) | a	0.24	0.24
Investment Amount	$ 1,601,000	$ 1,601,000
Parking Tenant	Denison	Denison
MVP Milwaukee Clybourn [Member]
Location	Milwaukee, WI	Milwaukee, WI
Date Acquired	12/15/2017	12/15/2017
Property Type	Lot	Lot
# Spaces	15	15
Property Size (Acres) | a	0.06	0.06
Investment Amount	$ 262,000	$ 262,000
Parking Tenant	Secure	Secure
MVP Milwaukee Arena Lot [Member]
Location	Milwaukee, WI	Milwaukee, WI
Date Acquired	12/15/2017	12/15/2017
Property Type	Lot	Lot
# Spaces	75	75
Property Size (Acres) | a	1.11	1.11
Investment Amount	$ 4,631,000	$ 4,632,000
Parking Tenant	SP +	SP +
MVP Clarksburg Lot [Member]
Location	Clarksburg, WV	Clarksburg, WV
Date Acquired	12/15/2017	12/15/2017
Property Type	Lot	Lot
# Spaces	94	94
Property Size (Acres) | a	0.81	0.81
Investment Amount	$ 715,000	$ 715,000
Parking Tenant	ABM	ABM
MVP Denver Sherman 1935 [Member]
Location	Denver, CO	Denver, CO
Date Acquired	12/15/2017	12/15/2017
Property Type	Lot	Lot
# Spaces	72	72
Property Size (Acres) | a	0.43	0.43
Investment Amount	$ 2,533,000	$ 2,534,000
Parking Tenant	SP +	SP +
MVP Bridgeport Fairfield [Member]
Location	Bridgeport, CT	Bridgeport, CT
Date Acquired	12/15/2017	12/15/2017
Property Type	Garage	Garage
# Spaces	878	878
Property Size (Acres) | a	1.01	1.01
Retail Sq. Ft | ft²	4,349	4,349
Investment Amount	$ 8,256,000	$ 8,256,000
Parking Tenant	SP +	SP +
MVP New Orleans Rampart [Member]
Location	New Orleans, LA
Date Acquired	2/1/2018
Property Type	Lot
# Spaces	78
Property Size (Acres) | a	0.44
Investment Amount	$ 8,105,000
Parking Tenant	342 N. Rampart
MVP Hawaii Marks Garage [Member]
Location	Honolulu, HI
Date Acquired	6/21/2018
Property Type	Garage
# Spaces	311
Property Size (Acres) | a	0.77
Retail Sq. Ft | ft²	16,205
Investment Amount	$ 21,000,000
Parking Tenant	SP +
Construction in progress [Member]
Investment Amount	$ 1,872,000	$ 750,000
Software Development [Member]
Investment Amount	63,000
Total Investment in real estate and fixed assets [Member]
Investment Amount	$ 317,036,000	$ 287,802,000
MVP PF Kansas City [Member]
Location		Kansas City, MO
Date Acquired		12/15/2017
Property Type		Lot
# Spaces		164
Property Size (Acres) | a		1.18
Investment Amount		$ 1,812,000
Parking Tenant		SP +
MVP St. Louis Convention Plaza [Member]
Location		St. Louis, MO
Date Acquired		12/15/2017
Property Type		Lot
# Spaces		221
Property Size (Acres) | a		1.26
Investment Amount		$ 3,091,000
Parking Tenant		SP +
MVP St. Louis Lucas [Member]
Location		St. Louis, MO
Date Acquired		12/15/2017
Property Type		Lot
# Spaces		202
Property Size (Acres) | a		1.07
Investment Amount		$ 3,695,000
Parking Tenant		SP +
MVP KC Cherry Lot [Member]
Location		Kansas City, MO
Date Acquired		12/15/2017
Property Type		Lot
# Spaces		84
Property Size (Acres) | a		0.6
Investment Amount		$ 987,000
Parking Tenant		SP +

Acquisitions (Detail) - Disclos

Acquisitions (Detail) - Disclosure - Acquisitions (Detail) - Summary Of The Acquisitions	12 Months Ended
	Dec. 31, 2018USD ($)aft²	Dec. 31, 2017USD ($)aft²
MVP New Orleans Rampart, LLC [Member]
Location	New Orleans, LA
Date Acquired	2/1/2018
Property Type	Lot
# Spaces	78
Property Size (Acres) | a	0.44
Investment Amount | $	$ 8,105,000
MVP Hawaii Marks Garage, LLC [Member]
Location	Honolulu, HI
Date Acquired	6/21/2018
Property Type	Garage
# Spaces	308
Property Size (Acres) | a	0.77
Retail Sq. Ft | ft²	16,205
Investment Amount | $	$ 20,834,000
MVP Detroit Center Garage [Member]
Location		Detroit, MI
Date Acquired		01/10/2017
Property Type		Garage
# Spaces		1,275
Property Size (Acres) | a		1.28
Investment Amount | $		$ 55,000,000
St. Louis Broadway [Member]
Location		St Louis, MO
Date Acquired		02/01/2017
Property Type		Lot
# Spaces		161
Property Size (Acres) | a		0.96
Investment Amount | $		$ 2,400,000
St Louis Seventh & Cerre [Member]
Location		St Louis, MO
Date Acquired		02/01/2017
Property Type		Lot
# Spaces		174
Property Size (Acres) | a		1.06
Investment Amount | $		$ 3,300,000
MVP Preferred Parking [Member]
Location		Houston, TX
Date Acquired		06/29/2017
Property Type		Garage/Lot
# Spaces		528
Property Size (Acres) | a		0.98
Retail Sq. Ft | ft²		784
Investment Amount | $		$ 20,500,000
MVP Raider Park Garage [Member]
Location		Lubbock, TX
Date Acquired		11/21/2017
Property Type		Garage
# Spaces		1,495
Property Size (Acres) | a		2.15
Retail Sq. Ft | ft²		20,536
Investment Amount | $		$ 11,000,000
MVP PF Ft. Lauderdale 2013 [Member]
Location		Ft. Lauderdale, FL
Date Acquired		12/15/17
Property Type		Lot
# Spaces		66
Property Size (Acres) | a		0.75
Retail Sq. Ft | ft²		4,017
Investment Amount | $		$ 3,423,000
MVP PF Kansas City 2013 [Member]
Location		Kansas City, MO
Date Acquired		12/15/17
Property Type		Lot
# Spaces		164
Property Size (Acres) | a		1.18
Investment Amount | $		$ 1,812,000
MVP PF Memphis Poplar 2013 [Member]
Location		Memphis, TN
Date Acquired		12/15/17
Property Type		Lot
# Spaces		127
Property Size (Acres) | a		0.87
Investment Amount | $		$ 3,735,000
MVP PF Memphis Court 2013 [Member]
Location		Memphis, TN
Date Acquired		12/15/17
Property Type		Lot
# Spaces		37
Property Size (Acres) | a		0.41
Investment Amount | $		$ 1,208,000
MVP PF St. Louis 2013 [Member]
Location		St Louis, MO
Date Acquired		12/15/17
Property Type		Lot
# Spaces		183
Property Size (Acres) | a		1.22
Investment Amount | $		$ 5,145,000
Mabley Place Garage [Member]
Location		Cincinnati, OH
Date Acquired		12/15/17
Property Type		Garage
# Spaces		775
Property Size (Acres) | a		0.9
Retail Sq. Ft | ft²		8,400
Investment Amount | $		$ 21,142,000
MVP Denver Sherman [Member]
Location		Denver, CO
Date Acquired		12/15/17
Property Type		Lot
# Spaces		28
Property Size (Acres) | a		0.14
Investment Amount | $		$ 705,000
MVP Fort Worth Taylor [Member]
Location		Fort Worth, TX
Date Acquired		12/15/17
Property Type		Garage
# Spaces		1,013
Property Size (Acres) | a		1.18
Retail Sq. Ft | ft²		11,828
Investment Amount | $		$ 27,658,000
MVP Milwaukee Old World [Member]
Location		Milwaukee, WI
Date Acquired		12/15/17
Property Type		Lot
# Spaces		54
Property Size (Acres) | a		0.26
Investment Amount | $		$ 2,044,000
MVP St. Louis Convention Plaza [Member]
Location		St. Louis, MO
Date Acquired		12/15/17
Property Type		Lot
# Spaces		221
Property Size (Acres) | a		1.26
Investment Amount | $		$ 3,091,000
MVP Houston Saks Garage [Member]
Location		Houston, TX
Date Acquired		12/15/17
Property Type		Garage
# Spaces		265
Property Size (Acres) | a		0.36
Retail Sq. Ft | ft²		5,000
Investment Amount | $		$ 10,391,000
MVP St. Louis Lucas [Member]
Location		St. Louis, MO
Date Acquired		12/15/17
Property Type		Lot
# Spaces		202
Property Size (Acres) | a		1.07
Investment Amount | $		$ 3,695,000
MVP Milwaukee Wells [Member]
Location		Milwaukee, WI
Date Acquired		12/15/17
Property Type		Lot
# Spaces		100
Property Size (Acres) | a		0.95
Investment Amount | $		$ 4,873,000
MVP Wildwood NJ Lot 1 [Member]
Location		Wildwood, NJ
Date Acquired		12/15/17
Property Type		Lot
# Spaces		29
Property Size (Acres) | a		0.26
Investment Amount | $		$ 745,000
MVP Wildwood NJ Lot 2 [Member]
Location		Wildwood, NJ
Date Acquired		12/15/17
Property Type		Lot
# Spaces		45
Property Size (Acres) | a		0.31
Investment Amount | $		$ 886,000
MVP Indianapolis City Park [Member]
Location		Indianapolis, IN
Date Acquired		12/15/17
Property Type		Garage
# Spaces		370
Property Size (Acres) | a		0.47
Investment Amount | $		$ 10,813,000
MVP KC Cherry Lot [Member]
Location		Kansas City, MO
Date Acquired		12/15/17
Property Type		Lot
# Spaces		84
Property Size (Acres) | a		0.6
Investment Amount | $		$ 987,000
MVP Indianapolis WA Street Lot [Member]
Location		Indianapolis, IN
Date Acquired		12/15/17
Property Type		Lot
# Spaces		141
Property Size (Acres) | a		1.07
Investment Amount | $		$ 5,749,000
Minneapolis City Parking [Member]
Location		Minneapolis, MN
Date Acquired		12/15/17
Property Type		Lot
# Spaces		268
Property Size (Acres) | a		1.98
Investment Amount | $		$ 9,838,000
MVP Minneapolis Venture [Member]
Location		Minneapolis, MN
Date Acquired		12/15/17
Property Type		Lot
# Spaces		201
Property Size (Acres) | a		2.48
Investment Amount | $		$ 6,543,000
MVP Indianapolis Meridian Lot [Member]
Location		Indianapolis, IN
Date Acquired		12/15/17
Property Type		Lot
# Spaces		36
Property Size (Acres) | a		0.24
Investment Amount | $		$ 1,601,000
MVP Milwaukee Clybourn [Member]
Location		Milwaukee, WI
Date Acquired		12/15/17
Property Type		Lot
# Spaces		15
Property Size (Acres) | a		0.06
Investment Amount | $		$ 262,000
MVP Milwaukee Arena Lot [Member]
Location		Milwaukee, WI
Date Acquired		12/15/17
Property Type		Lot
# Spaces		75
Property Size (Acres) | a		1.11
Investment Amount | $		$ 4,632,000
MVP Clarksburg Lot [Member]
Location		Clarksburg, WV
Date Acquired		12/15/17
Property Type		Lot
# Spaces		94
Property Size (Acres) | a		0.81
Investment Amount | $		$ 715,000
MVP Denver Sherman 1935 [Member]
Location		Denver, CO
Date Acquired		12/15/17
Property Type		Lot
# Spaces		72
Property Size (Acres) | a		0.43
Investment Amount | $		$ 2,534,000
MVP Bridgeport Fairfield Garage [Member]
Location		Bridgeport, CT
Date Acquired		12/15/17
Property Type		Garage
# Spaces		878
Property Size (Acres) | a		1.01
Retail Sq. Ft | ft²		4,349
Investment Amount | $		$ 8,256,000

Acquisitions (Detail) - Assets

Acquisitions (Detail) - Assets Acquired And Liabilities Assumed - USD ($)	Dec. 31, 2018	Dec. 31, 2017
MVP New Orleans [Member]
Assets
Land and improvements	$ 8,105,000
Building and improvements
Total assets acquired	8,105,000
MVP Hawaii Marks Garage [Member]
Assets
Land and improvements	9,118,000
Building and improvements	11,716,000
Total assets acquired	20,834,000
Total [Member]
Assets
Land and improvements	17,223,000	$ 106,597,000
Building and improvements	11,716,000	128,086,000
Total assets acquired	$ 28,939,000	234,683,000
MVP Detroit Center Garage [Member]
Assets
Land and improvements		7,000,000
Building and improvements		48,000,000
Total assets acquired		55,000,000
St Louis Broadway, LLC [Member]
Assets
Land and improvements		2,400,000
Building and improvements
Total assets acquired		2,400,000
St Louis Seventh & Cerre, LLC [Member]
Assets
Land and improvements		3,300,000
Building and improvements
Total assets acquired		3,300,000
MVP Preferred Parking, LLC [Member]
Assets
Land and improvements		15,800,000
Building and improvements		4,700,000
Total assets acquired		20,500,000
MVP Raider Park Garage [Member]
Assets
Land and improvements		1,960,000
Building and improvements		9,040,000
Total assets acquired		11,000,000
MVP PF Ft. Lauderdale 2013, LLC [Member]
Assets
Land and improvements		3,423,000
Building and improvements
Total assets acquired		3,423,000
MVP PF Memphis Court 2013, LLC [Member]
Assets
Land and improvements		1,208,000
Building and improvements
Total assets acquired		1,208,000
MVP PF Memphis Poplar 2013, LLC [Member]
Assets
Land and improvements		3,735,000
Building and improvements
Total assets acquired		3,735,000
MVP PF Kansas City 2013, LLC [Member]
Assets
Land and improvements		1,812,000
Building and improvements
Total assets acquired		1,812,000
MVP PF St. Louis 2013, LLC [Member]
Assets
Land and improvements		5,145,000
Building and improvements
Total assets acquired		5,145,000
Mabley Place Garage, LLC [Member]
Assets
Land and improvements		1,585,000
Building and improvements		19,557,000
Total assets acquired		21,142,000
MVP Denver Sherman, LLC [Member]
Assets
Land and improvements		705,000
Building and improvements
Total assets acquired		705,000
MVP Fort Worth Taylor, LLC [Member]
Assets
Land and improvements		2,845,000
Building and improvements		24,813,000
Total assets acquired		27,658,000
MVP Milwaukee Old World, LLC [Member]
Assets
Land and improvements		2,044,000
Building and improvements
Total assets acquired		2,044,000
MVP St. Louis Convention Plaza, LLC [Member]
Assets
Land and improvements		3,091,000
Building and improvements
Total assets acquired		3,091,000
MVP Houston Saks Garage, LLC [Member]
Assets
Land and improvements		4,931,000
Building and improvements		5,460,000
Total assets acquired		10,391,000
MVP St. Louis Lucas, LLC [Member]
Assets
Land and improvements		3,695,000
Building and improvements
Total assets acquired		3,695,000
MVP Milwaukee Wells, LLC [Member]
Assets
Land and improvements		4,873,000
Building and improvements
Total assets acquired		4,873,000
MVP Wildwood NJ Lot, LLC [Member]
Assets
Land and improvements		1,631,000
Building and improvements
Total assets acquired		1,631,000
MVP Indianapolis City Park, LLC [Member]
Assets
Land and improvements		2,055,000
Building and improvements		8,758,000
Total assets acquired		10,813,000
MVP KC Cherry Lot, LLC [Member]
Assets
Land and improvements		987,000
Building and improvements
Total assets acquired		987,000
MVP Indianapolis WA Street Lot, LLC [Member]
Assets
Land and improvements		5,749,000
Building and improvements
Total assets acquired		5,749,000
MVP Minneapolis Venture, LLC [Member]
Assets
Land and improvements		6,543,000
Building and improvements
Total assets acquired		6,543,000
MVP Indianapolis Meridian Lot, LLC [Member]
Assets
Land and improvements		1,601,000
Building and improvements
Total assets acquired		1,601,000
MVP Milwaukee Clybourn, LLC [Member]
Assets
Land and improvements		262,000
Building and improvements
Total assets acquired		262,000
MVP Milwaukee Arena Lot, LLC [Member]
Assets
Land and improvements		4,632,000
Building and improvements
Total assets acquired		4,632,000
MVP Clarksburg Lot, LLC [Member]
Assets
Land and improvements		715,000
Building and improvements
Total assets acquired		715,000
MVP Denver Sherman 1935, LLC [Member]
Assets
Land and improvements		2,534,000
Building and improvements
Total assets acquired		2,534,000
MVP Bridgeport Fairfield Garage, LLC [Member]
Assets
Land and improvements		498,000
Building and improvements		7,758,000
Total assets acquired		8,256,000
Minneapolis City Parking, LLC [Member]
Assets
Land and improvements		9,838,000
Building and improvements
Total assets acquired		$ 9,838,000

Acquisitions (Detail) - Results

Acquisitions (Detail) - Results of Operation of Acquired Properties - USD ($)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Total Revenues	$ 22,100,000	$ 10,385,000
Net Income	(4,922,000)	(10,291,000)
2018 Acquisitions [Member]
Total Revenues	1,241,000
Net Income	$ 745,000
2017 Acquisitions [Member]
Total Revenues		6,407,000
Net Income		$ 1,525,000

Acquisitions (Detail) - Pro For

Acquisitions (Detail) - Pro Forma Consolidated Results Of Operations - Revenues [Member] - USD ($)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Revenues from continuing operations	$ 22,593,000	$ 11,891,000
Net income (loss) from continuing operations	$ (4,508,000)	$ (9,326,000)
Net income (loss) from continuing operations per share - basic	$ (0.69)	$ (3.44)
Net income (loss) from continuing operations per share - diluted	$ (0.69)	$ (3.44)

Acquisitions (Detail) - Shares

Acquisitions (Detail) - Shares Transfers As Result of the Merger - Merger [Member]	Dec. 15, 2017USD ($)shares
Company common shares outstanding at date of merger	$ 2,451,237
Company common shares issued to MVP I stockholders on date of merger | shares	3,887,513
Total Company common shares outstanding after Merger	$ 6,338,750

Acquisitions (Detail) - Agregat

Acquisitions (Detail) - Agregate Purchase Price Consideration Allocated To Assets And Liabilities - USD ($)	Dec. 31, 2018	Dec. 31, 2017	Dec. 15, 2017	Dec. 31, 2016
Assets
Investment in properties	$ 309,905,000	$ 285,571,000
Cash and cash equivalents, restricted cash, accounts receivable, prepaid expenses, construction in progress and deferred rental assets	9,435,000	16,730,000		$ 4,985,000
Liabilities and Equity
Notes payable	155,961,000	123,770,000
Accounts payable, accrued expenses, deferred revenue, security deposits, liabilities related to assets held for sale and due to related parties	$ 5,258,000	$ 3,913,000
Aggregate Purchase Price [Member]
Assets
Investment in properties			$ 155,626,892
Cash and cash equivalents, restricted cash, accounts receivable, prepaid expenses, construction in progress and deferred rental assets			4,433,296
Liabilities and Equity
Notes payable			(64,299,290)
Accounts payable, accrued expenses, deferred revenue, security deposits, liabilities related to assets held for sale and due to related parties			(3,464,860)
Aggregate merger consideration			$ 92,296,038

Acquisitions (Detail) - Pro F_2

Acquisitions (Detail) - Pro Forma Consolidated Results Of Operations (Merger) - Merger [Member] - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Revenues from continuing operations	$ 20,134,000	$ 16,185,000
Net income (loss) from continuing operations	$ (2,561,000)	$ 8,596,000
Net income (loss) from continuing operations per share - basic	$ (0.95)	$ 7.8
Net income (loss) from continuing operations per share - diluted	$ (0.95)	$ 7.8

Disposition Investments in Re_3

Disposition Investments in Real Estate (Detail) - Summary Of The Results Of Operations - USD ($)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Revenue	$ 22,100,000	$ 10,385,000
Expenses	20,135,000	17,718,000
Income from disposed assets, net of income taxes	1,965,000	(7,333,000)
Real Estate [Member] | Two Parking Lots St. Louis [Member]
Revenue	312,000	17,000
Expenses	(52,000)	(4,000)
Income from disposed assets, net of income taxes	260,000	13,000
Real Estate [Member] | Two Parking Lots Kansas City [Member]
Revenue	107,000	48,000
Expenses	(24,000)	(1,000)
Income from disposed assets, net of income taxes	83,000	7,000
Real Estate [Member] | Parking Lot Minneapolis [Member]
Revenue		52,000
Expenses	(270,000)	(11,000)
Income from disposed assets, net of income taxes	(270,000)	41,000
Real Estate [Member] | Parking Lot Houston [Member]
Revenue		63,000
Expenses		(47,000)
Income from disposed assets, net of income taxes		$ 16,000

Notes Payable (Detail) - Schedu

Notes Payable (Detail) - Schedule of Debt - USD ($)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Less unamortized loan issuance costs [Member]
Current Loan Balance	$ (2,443,000)	$ (1,900,000)
Total Investment in real estate and fixed assets [Member]
Current Loan Balance	155,961,000	123,770,000
MVP PF Ft. Lauderdale 2013, LLC [Member]
Original Debt Amount	4,300,000	4,300,000
Monthly Payment (approx.)	25,000	25,000
Current Loan Balance	$ 3,830,000	$ 3,935,000
Lender	KeyBank	KeyBank
Term	5 years	5 years
Interest Rate	4.94%	4.94%
Loan Maturity	Feb. 1, 2019	Feb. 1, 2019
MVP Cincinnati Race Street, LLC [Member]
Original Debt Amount	$ 2,550,000
Current Loan Balance	$ 2,550,000
Lender	Multiple
Term	1 year
Interest Rate	7.50%
Loan Maturity	Mar. 25, 2019
MVP Wildwood NJ Lot, LLC [Member]
Original Debt Amount	$ 1,000,000
Current Loan Balance	$ 1,000,000
Lender	Tigges Construction Co.
Term	1 year
Interest Rate	7.50%
Loan Maturity	Apr. 1, 2019
The Parking REIT D&O Insurance [Member]
Original Debt Amount	$ 390,000
Monthly Payment (approx.)	28,000
Current Loan Balance	$ 30,000
Lender	First Insurance Funding
Term	1 year
Interest Rate	3.70%
Loan Maturity	Apr. 3, 2019
MVP San Jose 88 Garage, LLC [Member]
Original Debt Amount	$ 1,645,000
Current Loan Balance	$ 2,500,000
Lender	Multiple
Term	1 year
Interest Rate	7.50%
Loan Maturity	Jun. 3, 2019
MVP Raider Park Garage, LLC [Member]
Original Debt Amount	$ 7,400,000
Current Loan Balance	$ 7,400,000
Lender	LoanCore
Term	2 years
Loan Maturity	Dec. 9, 2020
MVP New Orleans Rampart, LLC [Member]
Original Debt Amount	$ 5,300,000
Current Loan Balance	$ 5,300,000
Lender	LoanCore
Term	2 years
Loan Maturity	Dec. 9, 2020
MVP Hawaii Marks Garage, LLC [Member]
Original Debt Amount	$ 13,500,000
Current Loan Balance	$ 13,500,000
Lender	LoanCore
Term	2 years
Loan Maturity	Dec. 9, 2020
MVP Milwaukee Wells, LLC [Member]
Original Debt Amount	$ 2,700,000
Current Loan Balance	$ 2,700,000
Lender	LoanCore
Term	2 years
Loan Maturity	Dec. 9, 2020
MVP Indianapolis City Park, LLC [Member]
Original Debt Amount	$ 7,200,000	$ 8,200,000
Monthly Payment (approx.)		46,000
Current Loan Balance	$ 7,200,000	$ 7,860,000
Lender	LoanCore	Key Bank
Term	2 years	10 years
Interest Rate		4.59%
Loan Maturity	Dec. 9, 2020	Feb. 1, 2026
MVP Indianapolis WA Street, LLC [Member]
Original Debt Amount	$ 3,400,000
Current Loan Balance	$ 3,400,000
Lender	LoanCore
Term	2 years
Loan Maturity	Dec. 9, 2020
Mabley Place Garage, LLC [Member]
Original Debt Amount	$ 9,000,000	$ 9,000,000
Monthly Payment (approx.)	44,000	44,000
Current Loan Balance	$ 8,362,000	$ 8,530,000
Lender	Barclays	Barclays
Term	10 years	10 years
Interest Rate	4.25%	4.25%
Loan Maturity	Dec. 6, 2024	Dec. 6, 2024
MVP Houston Saks Garage, LLC [Member]
Original Debt Amount	$ 3,650,000	$ 3,650,000
Monthly Payment (approx.)	20,000	20,000
Current Loan Balance	$ 3,357,000	$ 3,447,000
Lender	Barclays Bank PLC	Barclays Bank PLC
Term	10 years	10 years
Interest Rate	4.25%	4.25%
Loan Maturity	Aug. 6, 2025	Aug. 6, 2025
Minneapolis City Parking, LLC [Member]
Original Debt Amount	$ 5,250,000	$ 5,250,000
Monthly Payment (approx.)	29,000	29,000
Current Loan Balance	$ 4,928,000	$ 5,053,000
Lender	American National Insurance, of NY	American National Insurance, of NY
Term	10 years	10 years
Interest Rate	4.50%	4.50%
Loan Maturity	May 1, 2026	May 1, 2026
MVP Bridgeport Fairfield Garage, LLC [Member]
Original Debt Amount	$ 4,400,000	$ 4,400,000
Monthly Payment (approx.)	23,000	23,000
Current Loan Balance	$ 4,140,000	$ 4,252,000
Lender	FBL Financial Group, Inc.	FBL Financial Group, Inc.
Term	10 years	10 years
Interest Rate	4.00%	4.00%
Loan Maturity	Aug. 1, 2026	Aug. 1, 2026
West 9th Properties II, LLC [Member]
Original Debt Amount	$ 5,300,000	$ 5,300,000
Monthly Payment (approx.)	30,000	30,000
Current Loan Balance	$ 5,039,000	$ 5,163,000
Lender	American National Insurance Co.	American National Insurance Co.
Term	10 years	10 years
Interest Rate	4.50%	4.50%
Loan Maturity	Nov. 1, 2026	Nov. 1, 2026
MVP Fort Worth Taylor, LLC [Member]
Original Debt Amount	$ 13,150,000	$ 13,150,000
Monthly Payment (approx.)	73,000	73,000
Current Loan Balance	$ 12,528,000	$ 12,834,000
Lender	American National Insurance, of NY	American National Insurance, of NY
Term	10 years	10 years
Interest Rate	4.50%	4.50%
Loan Maturity	Dec. 1, 2026	Dec. 1, 2026
MVP Detroit Center Garage, LLC [Member]
Original Debt Amount	$ 31,500,000	$ 31,500,000
Monthly Payment (approx.)	194,000	194,000
Current Loan Balance	$ 30,360,000	$ 30,970,000
Lender	Bank of America	Bank of America
Term	10 years	10 years
Interest Rate	5.52%	5.52%
Loan Maturity	Feb. 1, 2027	Feb. 1, 2027
MVP St Louis Washington, LLC [Member]
Original Debt Amount	$ 1,380,000	$ 1,380,000
Current Loan Balance	$ 1,380,000	$ 1,380,000
Lender	KeyBank	KeyBank
Term	10 years	10 years
Interest Rate	4.90%	4.90%
Loan Maturity	May 1, 2027	May 1, 2027
St Paul Holiday Garage, LLC [Member]
Original Debt Amount	$ 4,132,000	$ 4,132,000
Current Loan Balance	$ 4,132,000	$ 4,132,000
Lender	KeyBank	KeyBank
Term	10 years	10 years
Interest Rate	4.90%	4.90%
Loan Maturity	May 1, 2027	May 1, 2027
Cleveland Lincoln Garage, LLC [Member]
Original Debt Amount	$ 3,999,000	$ 3,999,000
Current Loan Balance	$ 3,999,000	$ 3,999,000
Lender	KeyBank	KeyBank
Term	10 years	10 years
Interest Rate	4.90%	4.90%
Loan Maturity	May 1, 2027	May 1, 2027
MVP Denver Sherman, LLC [Member]
Original Debt Amount	$ 286,000	$ 286,000
Current Loan Balance	$ 286,000	$ 286,000
Lender	KeyBank	KeyBank
Term	10 years	10 years
Interest Rate	4.90%	4.90%
Loan Maturity	May 1, 2027	May 1, 2027
MVP Milwaukee Arena Lot, LLC [Member]
Original Debt Amount	$ 2,142,000	$ 2,142,000
Current Loan Balance	$ 2,142,000	$ 2,142,000
Lender	KeyBank	KeyBank
Term	10 years	10 years
Interest Rate	4.90%	4.90%
Loan Maturity	May 1, 2027	May 1, 2027
MVP Denver Sherman 1935, LLC [Member]
Original Debt Amount	$ 762,000	$ 762,000
Current Loan Balance	$ 762,000	$ 762,000
Lender	KeyBank	KeyBank
Term	10 years	10 years
Interest Rate	4.90%	4.90%
Loan Maturity	May 1, 2027	May 1, 2027
MVP Louisville Broadway Station, LLC [Member]
Original Debt Amount	$ 1,682,000
Current Loan Balance	$ 1,682,000
Lender	Cantor Commercial Real Estate
Term	10 years
Interest Rate	5.03%
Loan Maturity	May 6, 2027
MVP Whitefront Garage, LLC [Member]
Original Debt Amount	$ 6,454,000
Current Loan Balance	$ 6,454,000
Lender	Cantor Commercial Real Estate
Term	10 years
Interest Rate	5.03%
Loan Maturity	May 6, 2027
MVP Houston Preston Lot, LLC [Member]
Original Debt Amount	$ 1,627,000	$ 1,627,000
Current Loan Balance	$ 1,627,000	$ 1,627,000
Lender	Cantor Commercial Real Estate	Cantor Commercial Real Estate
Term	10 years	10 years
Interest Rate	5.03%	5.03%
Loan Maturity	May 6, 2027	May 6, 2027
MVP Houston San Jacinto Lot, LLC [Member]
Original Debt Amount	$ 1,820,000	$ 1,820,000
Current Loan Balance	$ 1,820,000	$ 1,820,000
Lender	Cantor Commercial Real Estate	Cantor Commercial Real Estate
Term	10 years	10 years
Interest Rate	5.03%	5.03%
Loan Maturity	May 6, 2027	May 6, 2027
St. Louis Broadway, LLC [Member]
Original Debt Amount	$ 1,671,000	$ 1,671,000
Current Loan Balance	$ 1,671,000	$ 1,671,000
Lender	Cantor Commercial Real Estate	Cantor Commercial Real Estate
Term	10 years	10 years
Interest Rate	5.03%	5.03%
Loan Maturity	May 6, 2027	May 6, 2027
St. Louis Seventh & Cerre, LLC [Member]
Original Debt Amount	$ 2,057,000	$ 2,058,000
Current Loan Balance	$ 2,057,000	$ 2,058,000
Lender	Cantor Commercial Real Estate	Cantor Commercial Real Estate
Term	10 years	10 years
Interest Rate	5.03%	5.03%
Loan Maturity	May 6, 2027	May 6, 2027
MVP Indianapolis Meridian Lot, LLC [Member]
Original Debt Amount	$ 938,000	$ 938,000
Current Loan Balance	$ 938,000	$ 938,000
Lender	Cantor Commercial Real Estate	Cantor Commercial Real Estate
Term	10 years	10 years
Interest Rate	5.03%	5.03%
Loan Maturity	May 6, 2027	May 6, 2027
MVP Preferred Parking, LLC [Member]
Original Debt Amount	$ 11,330,000	$ 11,330,000
Current Loan Balance	$ 11,330,000	$ 11,330,000
Lender	Key Bank	Key Bank
Term	10 years	10 years
Interest Rate	5.02%	5.02%
Loan Maturity	Aug. 1, 2027	Aug. 1, 2027
Louisville Broadway Station, LLC [Member]
Original Debt Amount		$ 1,682,000
Current Loan Balance		$ 1,682,000
Lender		Cantor Commercial Real Estate
Term		10 years
Interest Rate		5.03%
Loan Maturity		May 6, 2027
Whitefront Garage, LLC [Member]
Original Debt Amount		$ 6,454,000
Current Loan Balance		$ 6,454,000
Lender		Cantor Commercial Real Estate
Term		10 years
Interest Rate		5.03%
Loan Maturity		May 6, 2027
MVP St. Louis Lucas, LLC [Member]
Original Debt Amount		$ 3,490,000
Monthly Payment (approx.)		20,000
Current Loan Balance		$ 3,345,000
Lender		Key Bank
Term		10 years
Interest Rate		4.59%
Loan Maturity		Feb. 1, 2026

Notes Payable (Detail) - Notes

Notes Payable (Detail) - Notes Payable Paid in Full In Period - USD ($)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
St. Louis Lucas [Member]
Original Debt Amount	$ 3,490,000
Monthly Payment	20,000
Current Loan Balance
Lender	Key Bank
Term	10 years
Interest Rate	4.59%
Loan Maturity	Feb. 1, 2026
Indianapolis Garage [Member]
Original Debt Amount	$ 8,200,000
Monthly Payment	46,000
Current Loan Balance
Lender	Key Bank
Term	10 years
Interest Rate	4.59%
Loan Maturity	Feb. 1, 2026
D&O Financing [Member]
Original Debt Amount		$ 140,000
Monthly Payment		14,000
Current Loan Balance
Term		1 year
Interest Rate		3.81%
Loan Maturity		Aug. 3, 2017
JNL Parking [Member]
Original Debt Amount		$ 300,000
Monthly Payment
Current Loan Balance
Lender		JNL Parking
Term		3 months
Interest Rate		1.00%
Loan Maturity		Sep. 30, 2017
iPark[Member]
Original Debt Amount		$ 500,000
Monthly Payment
Current Loan Balance
Lender		iPark Services, LLC
Term		3 months
Interest Rate		5.75%
Loan Maturity		Sep. 30, 2017
MVP Realty Advisors [Member]
Original Debt Amount		$ 2,100,000
Monthly Payment
Current Loan Balance
Lender		MVP Realty Advisors
Term		1 year
Interest Rate		5.00%
Loan Maturity		Jun. 30, 2018
MVP San Jose 88 Garage, LLC [Member]
Original Debt Amount		$ 2,200,000
Current Loan Balance
Lender		Owens Realty Mortgage, Inc.
Term		2 years
Interest Rate		7.75%
Loan Maturity		Jan. 15, 2019
MVP Cincinnati Race Street Garage, LLC [Member]
Original Debt Amount		$ 3,000,000
Current Loan Balance
Lender		Moonshell, LLC
Term		3 months
Interest Rate		9.00%
Loan Maturity		Jan. 10, 2018

Notes Payable (Detail) - Future

Notes Payable (Detail) - Future Principal Payments On The Notes Payable - USD ($)	Dec. 31, 2018	Dec. 31, 2017
Period One [Member]
Principal Payments	$ 11,691,000	$ 1,925,000
Period Two [Member]
Principal Payments	41,454,000	5,901,000
Period Three [Member]
Principal Payments	2,058,000	2,259,000
Period Four [Member]
Principal Payments	2,252,000	2,378,000
Period Five [Member]
Principal Payments	2,499,000	2,586,000
Thereafter [Member]
Principal Payments	98,450,000	110,617,000
Less unamortized loan issuance costs [Member]
Principal Payments	(2,443,000)
Total [Member]
Principal Payments	$ 155,961,000	123,770,000
Less unamortized loan issuance costs [Member]
Principal Payments		$ (1,896,000)

Investment in DST (Detail) - Su

Investment in DST (Detail) - Summarized Financial Information - USD ($)	7 Months Ended	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2018	Dec. 31, 2016
Assets
Cash	$ 16,730,000	$ 9,435,000	$ 4,985,000
Cash - restricted	8,229,000	4,329,000
Accounts receivable	409,000	712,000
Prepaid expenses	184,000	616,000
Liabilities And Equity
Notes payable, net of unamortized loan issuance costcosts of approximately $62,000 and $65,000 as of December 31, 2018 and 2017, respectively	123,770,000	155,961,000
Accounts payable and accrued liabilities	3,913,000	5,258,000
Due to related party	385,000
Equity
Member's Equity	2,751,000	2,691,000
Accumulated earnings	(18,173,000)	(23,953,000)
Equity Method Investments [Member]
Assets
Investments in real estate and fixed assets	11,512,000	11,512,000
Cash	26,000	32,000
Cash - restricted	5,000	15,000
Accounts receivable		141,000
Prepaid expenses	82,000	8,000
Total Assets	11,625,000	11,708,000
Liabilities And Equity
Notes payable, net of unamortized loan issuance costcosts of approximately $62,000 and $65,000 as of December 31, 2018 and 2017, respectively	5,935,000	5,945,000
Accounts payable and accrued liabilities	61,000	63,000
Due to related party	87,000	181,000
Total Liabilities	6,083,000	6,189,000
Equity
Member's Equity	6,129,000	6,129,000
Offering costs	(574,000)	(574,000)
Accumulated earnings	225,000	606,000
Distributions to members	(238,000)	(642,000)
Total Equity	5,542,000	5,519,000
Total liabilities and equity	11,625,000	11,708,000
Income Statement
Revenue	425,000	729,000
Expenses	(200,000)	(348,000)
Net income	$ 225,000	$ 381,000

Investment in DST (Detail) - _2

Investment in DST (Detail) - Summarized Financial Information (Parenthetical) - USD ($)	Dec. 31, 2018	Dec. 31, 2017
Notes payable, unamortized loan issuance costs	$ 2,400,000	$ 1,900,000
Equity Method Investments [Member]
Notes payable, unamortized loan issuance costs	$ 62,000	$ 65,000

Investment in Equity Method I_3

Investment in Equity Method Investee (Detail) - Summarized Statements of Operations - MVP Denver 1935 Sherman, LLC [Member]	12 Months Ended
	Dec. 31, 2017USD ($)
Revenue	$ 115,000
Expenses	(77,000)
Net income	$ 38,000

Income Taxes and Critical Acc_3

Income Taxes and Critical Accounting Policy (Detail) - Tax Treatment of Distributions - USD ($)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Income Tax Disclosure [Abstract]
Ordinary
Capital Gain
Return of Capital	3,933,000	2,399,000	732,000
Total	$ 3,933,000	$ 2,399,000	$ 732,000

Schedule III (Detail) - Schedul

Schedule III (Detail) - Schedule of Real Estate and Accumulated Depreciation By Property	12 Months Ended
	Dec. 31, 2018USD ($)
West 9th Street [Member]
State	OH
Encumbrance
Initial Cost
Land	5,675,000
Buildings and Improvements
Total	5,675,000
Cost Capitalized Subsequent to Acquisition
Gross Carrying Amount
Land	5,845,000
Building and Improvements
Total	5,845,000
Accumulated Depreciation	$ 13,000
Date Acquired	2,016
Life on which depreciation in latest statement is computed	15
Crown Colony [Member]
State	OH
Encumbrance
Initial Cost
Land	3,030,000
Buildings and Improvements
Total	3,030,000
Cost Capitalized Subsequent to Acquisition
Gross Carrying Amount
Land	3,050,000
Building and Improvements
Total	3,050,000
Accumulated Depreciation	$ 2,000
Date Acquired	2,016
Life on which depreciation in latest statement is computed	15
San Jose [Member]
State	CA
Encumbrance
Initial Cost
Land	1,073,000
Buildings and Improvements	2,503,000
Total	3,576,000
Cost Capitalized Subsequent to Acquisition
Gross Carrying Amount
Land	1,073,000
Building and Improvements	2,771,000
Total	3,844,000
Accumulated Depreciation	$ 191,000
Date Acquired	2,016
Life on which depreciation in latest statement is computed	3,915
MCI 1372 Street [Member]
State	OH
Encumbrance
Initial Cost
Land	700,000
Buildings and Improvements
Total	700,000
Cost Capitalized Subsequent to Acquisition
Gross Carrying Amount
Land	700,000
Building and Improvements
Total	700,000
Accumulated Depreciation
Date Acquired	2,016
Life on which depreciation in latest statement is computed	N/A
Cincinnati Race Street [Member]
State	OH
Encumbrance
Initial Cost
Land	2,142,000
Buildings and Improvements	2,358,000
Total	4,500,000
Cost Capitalized Subsequent to Acquisition
Gross Carrying Amount
Land	2,142,000
Building and Improvements	4,158,000
Total	6,300,000
Accumulated Depreciation	$ 229,000
Date Acquired	2,016
Life on which depreciation in latest statement is computed	3,915
St Louis Washington [Member]
State	MO
Encumbrance
Initial Cost
Land	3,000,000
Buildings and Improvements
Total	3,000,000
Cost Capitalized Subsequent to Acquisition
Gross Carrying Amount
Land	3,007,000
Building and Improvements
Total	3,007,000
Accumulated Depreciation
Date Acquired	2,016
Life on which depreciation in latest statement is computed	15
St Paul Holiday Garage [Member]
State	MN
Encumbrance
Initial Cost
Land	1,673,000
Buildings and Improvements	6,527,000
Total	8,200,000
Cost Capitalized Subsequent to Acquisition
Gross Carrying Amount
Land	1,673,000
Building and Improvements	6,723,000
Total	8,396,000
Accumulated Depreciation	$ 413,000
Date Acquired	2,016
Life on which depreciation in latest statement is computed	3,915
Louisville Station [Member]
State	KY
Encumbrance
Initial Cost
Land	3,050,000
Buildings and Improvements
Total	3,050,000
Cost Capitalized Subsequent to Acquisition
Gross Carrying Amount
Land	3,107,000
Building and Improvements
Total	3,107,000
Accumulated Depreciation	$ 6,000
Date Acquired	2,016
Life on which depreciation in latest statement is computed	15
White Front Garage [Member]
State	TN
Encumbrance
Initial Cost
Land	3,116,000
Buildings and Improvements	8,380,000
Total	11,496,000
Cost Capitalized Subsequent to Acquisition
Gross Carrying Amount
Land	3,116,000
Building and Improvements	8,556,000
Total	11,672,000
Accumulated Depreciation	$ 500,000
Date Acquired	2,016
Life on which depreciation in latest statement is computed	3,915
Cleveland Lincoln Garage [Member]
State	OH
Encumbrance
Initial Cost
Land	2,195,000
Buildings and Improvements	5,122,000
Total	7,317,000
Cost Capitalized Subsequent to Acquisition
Gross Carrying Amount
Land	2,195,000
Building and Improvements	8,346,000
Total	10,541,000
Accumulated Depreciation	$ 312,000
Date Acquired	2,016
Life on which depreciation in latest statement is computed	3,915
Houston Preston [Member]
State	TX
Encumbrance
Initial Cost
Land	2,800,000
Buildings and Improvements
Total	2,800,000
Cost Capitalized Subsequent to Acquisition
Gross Carrying Amount
Land	2,820,000
Building and Improvements
Total	2,820,000
Accumulated Depreciation	$ 2,000
Date Acquired	2,016
Life on which depreciation in latest statement is computed	15
Houston San Jacinto [Member]
State	TX
Encumbrance
Initial Cost
Land	3,200,000
Buildings and Improvements
Total	3,200,000
Cost Capitalized Subsequent to Acquisition
Gross Carrying Amount
Land	3,250,000
Building and Improvements
Total	3,250,000
Accumulated Depreciation	$ 5,000
Date Acquired	2,016
Life on which depreciation in latest statement is computed	15
MVP Detroit Center Garage [Member]
State	MI
Encumbrance
Initial Cost
Land	7,000,000
Buildings and Improvements	48,000,000
Total	55,000,000
Cost Capitalized Subsequent to Acquisition
Gross Carrying Amount
Land	7,000,000
Building and Improvements	48,476,000
Total	55,476,000
Accumulated Depreciation	$ 2,436,000
Date Acquired	2,017
Life on which depreciation in latest statement is computed	3,915
St. Louis Broadway [Member]
State	MO
Encumbrance
Initial Cost
Land	2,400,000
Buildings and Improvements
Total	2,400,000
Cost Capitalized Subsequent to Acquisition
Gross Carrying Amount
Land	2,400,000
Building and Improvements
Total	2,400,000
Accumulated Depreciation
Date Acquired	2,017
Life on which depreciation in latest statement is computed	N/A
St. Louis Seventh & Cerre, LLC [Member]
State	MO
Encumbrance
Initial Cost
Land	3,300,000
Buildings and Improvements
Total	3,300,000
Cost Capitalized Subsequent to Acquisition
Gross Carrying Amount
Land	3,300,000
Building and Improvements
Total	3,300,000
Accumulated Depreciation
Date Acquired	2,017
Life on which depreciation in latest statement is computed	N/A
MVP Preferred Parking, LLC [Member]
State	TX
Encumbrance
Initial Cost
Land	15,800,000
Buildings and Improvements	4,700,000
Total	20,500,000
Cost Capitalized Subsequent to Acquisition
Gross Carrying Amount
Land	15,800,000
Building and Improvements	5,315,000
Total	21,115,000
Accumulated Depreciation	$ 196,000
Date Acquired	2,017
Life on which depreciation in latest statement is computed	3,915
MVP Raider Park Garage [Member]
State	TX
Encumbrance
Initial Cost
Land	1,960,000
Buildings and Improvements	9,040,000
Total	11,000,000
Cost Capitalized Subsequent to Acquisition
Gross Carrying Amount
Land	1,964,000
Building and Improvements	9,065,000
Total	11,029,000
Accumulated Depreciation	$ 255,000
Date Acquired	2,017
Life on which depreciation in latest statement is computed	3,915
MVP PF Ft. Lauderdale 2013 [Member]
State	FL
Encumbrance
Initial Cost
Land	3,423,000
Buildings and Improvements
Total	3,423,000
Cost Capitalized Subsequent to Acquisition
Gross Carrying Amount
Land	3,423,000
Building and Improvements
Total	3,423,000
Accumulated Depreciation
Date Acquired	2,017
Life on which depreciation in latest statement is computed	N/A
MVP PF Memphis Court 2013 [Member]
State	TN
Encumbrance
Initial Cost
Land	1,208,000
Buildings and Improvements
Total	1,208,000
Cost Capitalized Subsequent to Acquisition
Gross Carrying Amount
Land	1,008,000
Building and Improvements
Total	1,008,000
Accumulated Depreciation
Date Acquired	2,017
Life on which depreciation in latest statement is computed	N/A
MVP PF Memphis Poplar 2013 [Member]
State	TN
Encumbrance
Initial Cost
Land	3,735,000
Buildings and Improvements
Total	3,735,000
Cost Capitalized Subsequent to Acquisition
Gross Carrying Amount
Land	3,735,000
Building and Improvements
Total	3,735,000
Accumulated Depreciation	$ 70,000
Date Acquired	2,017
Life on which depreciation in latest statement is computed	15
MVP PF St. Louis 2013 [Member]
State	MO
Encumbrance
Initial Cost
Land	5,145,000
Buildings and Improvements
Total	5,145,000
Cost Capitalized Subsequent to Acquisition
Gross Carrying Amount
Land	5,145,000
Building and Improvements
Total	5,145,000
Accumulated Depreciation	$ 111,000
Date Acquired	2,017
Life on which depreciation in latest statement is computed	15
Mabley Place Garage [Member]
State	OH
Encumbrance
Initial Cost
Land	1,585,000
Buildings and Improvements	19,557,000
Total	21,142,000
Cost Capitalized Subsequent to Acquisition
Gross Carrying Amount
Land	1,592,000
Building and Improvements	19,593,000
Total	21,185,000
Accumulated Depreciation	$ 596,000
Date Acquired	2,017
Life on which depreciation in latest statement is computed	3,915
MVP Denver Sherman [Member]
State	CO
Encumbrance
Initial Cost
Land	705,000
Buildings and Improvements
Total	705,000
Cost Capitalized Subsequent to Acquisition
Gross Carrying Amount
Land	705,000
Building and Improvements
Total	705,000
Accumulated Depreciation
Date Acquired	2,017
Life on which depreciation in latest statement is computed	N/A
MVP Fort Worth Taylor [Member]
State	TX
Encumbrance
Initial Cost
Land	2,845,000
Buildings and Improvements	24,813,000
Total	27,658,000
Cost Capitalized Subsequent to Acquisition
Gross Carrying Amount
Land	2,845,000
Building and Improvements	24,818,000
Total	27,663,000
Accumulated Depreciation	$ 713,000
Date Acquired	2,017
Life on which depreciation in latest statement is computed	3,915
MVP Milwaukee Old World [Member]
State	WI
Encumbrance
Initial Cost
Land	2,044,000
Buildings and Improvements
Total	2,044,000
Cost Capitalized Subsequent to Acquisition
Gross Carrying Amount
Land	2,044,000
Building and Improvements
Total	2,044,000
Accumulated Depreciation	$ 23,000
Date Acquired	2,017
Life on which depreciation in latest statement is computed	15
MVP Houston Saks Garage [Member]
State	TX
Encumbrance
Initial Cost
Land	4,931,000
Buildings and Improvements	5,460,000
Total	10,391,000
Cost Capitalized Subsequent to Acquisition
Gross Carrying Amount
Land	4,931,000
Building and Improvements	5,460,000
Total	10,391,000
Accumulated Depreciation	$ 174,000
Date Acquired	2,017
Life on which depreciation in latest statement is computed	3,915
MVP Milwaukee Wells [Member]
State	WI
Encumbrance
Initial Cost
Land	4,873,000
Buildings and Improvements
Total	4,873,000
Cost Capitalized Subsequent to Acquisition
Gross Carrying Amount
Land	5,083,000
Building and Improvements
Total	5,083,000
Accumulated Depreciation	$ 29,000
Date Acquired	2,017
Life on which depreciation in latest statement is computed	15
MVP Wildwood NJ Lot [Member]
State	NJ
Encumbrance
Initial Cost
Land	1,631,000
Buildings and Improvements
Total	1,631,000
Cost Capitalized Subsequent to Acquisition
Gross Carrying Amount
Land	1,231,000
Building and Improvements
Total	1,231,000
Accumulated Depreciation
Date Acquired	2,017
Life on which depreciation in latest statement is computed	N/A
MVP Indianapolis City Park [Member]
State	IN
Encumbrance
Initial Cost
Land	2,055,000
Buildings and Improvements	8,758,000
Total	10,813,000
Cost Capitalized Subsequent to Acquisition
Gross Carrying Amount
Land	2,056,000
Building and Improvements	8,878,000
Total	10,934,000
Accumulated Depreciation	$ 310,000
Date Acquired	2,017
Life on which depreciation in latest statement is computed	3,915
MVP Indianapolis WA Street [Member]
State	IN
Encumbrance
Initial Cost
Land	5,749,000
Buildings and Improvements
Total	5,749,000
Cost Capitalized Subsequent to Acquisition
Gross Carrying Amount
Land	5,749,000
Building and Improvements
Total	5,749,000
Accumulated Depreciation	$ 23,000
Date Acquired	2,017
Life on which depreciation in latest statement is computed	15
Minneapolis Venture [Member]
State	MN
Encumbrance
Initial Cost
Land	6,543,000
Buildings and Improvements
Total	6,543,000
Cost Capitalized Subsequent to Acquisition
Gross Carrying Amount
Land	4,012,000
Building and Improvements
Total	4,012,000
Accumulated Depreciation
Date Acquired	2,017
Life on which depreciation in latest statement is computed	N/A
MVP Indianapolis Meridian Lot [Member]
State	IN
Encumbrance
Initial Cost
Land	1,601,000
Buildings and Improvements
Total	1,601,000
Cost Capitalized Subsequent to Acquisition
Gross Carrying Amount
Land	1,601,000
Building and Improvements
Total	1,601,000
Accumulated Depreciation	$ 5,000
Date Acquired	2,017
Life on which depreciation in latest statement is computed	15
MVP Milwaukee Clybourn [Member]
State	WI
Encumbrance
Initial Cost
Land	262,000
Buildings and Improvements
Total	262,000
Cost Capitalized Subsequent to Acquisition
Gross Carrying Amount
Land	262,000
Building and Improvements
Total	262,000
Accumulated Depreciation	$ 3,000
Date Acquired	2,017
Life on which depreciation in latest statement is computed	15
MVP Milwaukee Arena [Member]
State	WI
Encumbrance
Initial Cost
Land	4,632,000
Buildings and Improvements
Total	4,632,000
Cost Capitalized Subsequent to Acquisition
Gross Carrying Amount
Land	4,631,000
Building and Improvements
Total	4,631,000
Accumulated Depreciation
Date Acquired	2,017
Life on which depreciation in latest statement is computed	N/A
MVP Clarksburg Lot [Member]
State	WV
Encumbrance
Initial Cost
Land	715,000
Buildings and Improvements
Total	715,000
Cost Capitalized Subsequent to Acquisition
Gross Carrying Amount
Land	715,000
Building and Improvements
Total	715,000
Accumulated Depreciation	$ 5,000
Date Acquired	2,017
Life on which depreciation in latest statement is computed	15
MVP Denver Sherman 1935 [Member]
State	CO
Encumbrance
Initial Cost
Land	2,534,000
Buildings and Improvements
Total	2,534,000
Cost Capitalized Subsequent to Acquisition
Gross Carrying Amount
Land	2,533,000
Building and Improvements
Total	2,533,000
Accumulated Depreciation
Date Acquired	2,017
Life on which depreciation in latest statement is computed	N/A
MVP Bridgeport Fairfield Garage [Member]
State	CT
Encumbrance
Initial Cost
Land	498,000
Buildings and Improvements	7,758,000
Total	8,256,000
Cost Capitalized Subsequent to Acquisition
Gross Carrying Amount
Land	498,000
Building and Improvements	7,758,000
Total	8,256,000
Accumulated Depreciation	$ 237,000
Date Acquired	2,017
Life on which depreciation in latest statement is computed	3,915
Minneapolis City Parking [Member]
State	MN
Encumbrance
Initial Cost
Land	9,838,000
Buildings and Improvements
Total	9,838,000
Cost Capitalized Subsequent to Acquisition
Gross Carrying Amount
Land	9,838,000
Building and Improvements
Total	9,838,000
Accumulated Depreciation	$ 91,000
Date Acquired	2,017
Life on which depreciation in latest statement is computed	15
MVP New Orleans Rampart [Member]
State	LA
Encumbrance
Initial Cost
Land	8,105,000
Buildings and Improvements
Total	8,105,000
Cost Capitalized Subsequent to Acquisition
Gross Carrying Amount
Land	8,105,000
Building and Improvements
Total	8,105,000
Accumulated Depreciation
Date Acquired	2,018
Life on which depreciation in latest statement is computed	N/A
MVP Hawaii Marks [Member]
State	HI
Encumbrance
Initial Cost
Land	9,118,000
Buildings and Improvements	11,716,000
Total	20,834,000
Cost Capitalized Subsequent to Acquisition
Gross Carrying Amount
Land	9,118,000
Building and Improvements	11,882,000
Total	21,000,000
Accumulated Depreciation	$ 160,000
Date Acquired	2,018
Life on which depreciation in latest statement is computed	3,915
Total Investment in real estate and fixed assets [Member]
Encumbrance
Initial Cost
Land	145,889,000
Buildings and Improvements	164,692,000
Total	310,581,000
Cost Capitalized Subsequent to Acquisition
Gross Carrying Amount
Land	143,302,000
Building and Improvements	171,799,000
Total	315,101,000
Accumulated Depreciation	$ 7,110,000

Schedule III (Detail) - Histori

Schedule III (Detail) - Historical Cost Of Total Real Estate Held For Investment - USD ($)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation Disclosure [Abstract]
Total real estate held for investment, inception (prior)	$ 287,052,000	$ 53,743,000
Additions during period:	5,068,000	2,370,000
Acquisitions	33,166,000	230,939,000
Deductions during period:	(10,185,000)
Total real estate held for investment, end of year	$ 315,101,000	$ 287,052,000

Schedule III (Detail) - Sched_2

Schedule III (Detail) - Schedule of Accumulated Depreciation - USD ($)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation Disclosure [Abstract]
Accumulated depreciation, inception (prior)	$ 2,231,000	$ 195,000
Deductions during period:	(38,000)
Depreciation of real estate	4,917,000	$ 2,036,000
Accumulated depreciation, end of year	$ 7,110,000

Organization and Proposed Busin

Organization and Proposed Business Operations (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Date of Incorporation	May 4, 2015
Incorporation State	Maryland
Common Stock, Par or Stated Value Per Share	$ 0.0001	$ 0.0001
Shares Issued	6,547,977	6,532,009
Advisor	The Company’s advisor is MVP Realty Advisors, LLC, dba The Parking REIT Advisors (the “Advisor”), a Nevada limited liability company, which is owned 60% by Vestin Realty Mortgage II, Inc. (“VRM II”) and 40% by Vestin Realty Mortgage I, Inc. (“VRM I”) I.
Preferred Stock Series A [Member]
Preferred stock, shares authorized	50,000	50,000
Private Placement	The Company commenced a private placement of the shares of Series A, together with warrants to acquire the Company’s common stock, to accredited investors on November 1, 2016 and closed the offering on March 24, 2017.
Preferred stock, par value	$ 0.0001	$ 0.0001
Preferred stock proceeds, net of offering costs	$ 2,500,000
Preferred stock, shares issued	2,862	2,862
Preferred stock, shares outstanding	2,862	2,862
Preferred Stock Series 1 [Member]
Preferred stock, shares authorized	97,000	97,000
Private Placement	On April 7, 2017, the Company commenced a private placement of shares of Series 1, together with warrants to acquire the Company’s common stock to accredited investors and closed the offering on January 31, 2018.
Preferred stock, par value	$ 0.0001	$ 0.0001
Preferred stock proceeds, net of offering costs	$ 36,000,000
Preferred stock, shares issued	39,811	29,789
Preferred stock, shares outstanding	39,811	29,789
Affiliate of the Advisor/Advisor [Member]
Shares Issued	8,000
Stock Issued Value	$ 200,000

Summary of Significant Accoun_5

Summary of Significant Accounting Policies (Details Narrative)	12 Months Ended
	Dec. 31, 2018USD ($)shares	Dec. 31, 2017USD ($)shares
Number of Parking Tenants	15	14
Concentration Risk, Percentage, Major Customer, SP+	57.50%
Major Customer SP+ Characteristics	SP+ is one of the largest providers of parking management in the United States. As of December 31, 2018, SP+ managed approximately 3,400 locations in North America.
Impairment of Long-Lived Assets	$ 600,000
Federally Insured Amount Limit	250,000	250,000
Cash In Excess Of The Federally Insured Limits	500,000	5,600,000
Advertising Costs
Outstanding Common Share Equivalents | shares
Reportable Segments	1
Preferred Stock Series A [Member]
Preferred stock, shares outstanding | shares	2,862	2,862
Preferred Stock Series 1 [Member]
Preferred stock, shares outstanding | shares	39,811	29,789

Related Party Transactions an_2

Related Party Transactions and Arrangements (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Ownership of Company Stock
Distributions Paid - DRIP	$ 307,000	$ 1,321,000
Common Stock Outstanding	6,542,797	6,532,009
Ownership of MVP I
Distribution income - related party		$ 189,000
Preferred Stock [Member]
Ownership of MVP I
Selling Commissions Paid	$ 800,000	2,400,000
Sponsor [Member]
Ownership of Company Stock
Common Stock Outstanding	13,269
VRM I [Member]
Ownership of Company Stock
Distributions Paid - DRIP	$ 18,700
Common Stock Outstanding	136,834
VRM II [Member]
Ownership of Company Stock
Distributions Paid - DRIP	$ 50,550	19,750
Common Stock Outstanding	364,960
MVP REIT [Member]
Ownership of Company Stock
Distributions Paid - DRIP		15,996
Ownership of MVP I
Shares Owned (Pre-Merger)	476,784
Shares Owned (After-Merger)	shares retired
Distribution income - related party		189,000
Sales By Affiliated Selling Agents [Member] | Preferred Stock [Member]
Ownership of MVP I
Selling Commissions Paid	$ 200,000	600,000
AMS [Member] | Preferred Stock [Member]
Ownership of MVP I
Dealer Manager Fee Paid	200,000	600,000
Advisor [Member]
Fees Paid in Connection with the Operations of the Company
Asset Management Fees		1,300,000
Operating Expenses Reimbursed To Affliate	$ 2,400,000	$ 200,000

Stock-Based Compensation (Detai

Stock-Based Compensation (Details Narrative) - shares	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Stock Options Granted Percentage Limit	0.00%
Aggregate Maximum Number of Shares Under Incentive Plan	500,000
Long-Term Incentive Plan [Member]
Grants

Assets Held For Sale (Details N

Assets Held For Sale (Details Narrative)	1 Months Ended	12 Months Ended
	Oct. 31, 2018USD ($)a	Dec. 31, 2018USD ($)
One Property [Member]
Percentage Owned in Property		87.09%
Carrying Value		$ 6,100,000
Minneapolis Venture (Partial Sale) [Member]
Size of Property | a	2.2
Cash Sale	$ 3,000,000

Disposition Investments in Re_4

Disposition Investments in Real Estate (Details Narrative)	Aug. 08, 2018USD ($)	Jun. 14, 2018USD ($)	Oct. 31, 2018	May 31, 2018USD ($)a	Sep. 30, 2017USD ($)	Dec. 31, 2018USD ($)	Dec. 31, 2017USD ($)
Line of Credit							$ 22,302,000
MVP Milwaukee Wells [Member]
Disposition Description				In May, 2018, the Company entered into agreements with the Redevelopment Agency for the City of Milwaukee (“RACM”) and the Milwaukee Symphony (“Symphony”), regarding the MVP Milwaukee Wells surface parking lot (the “Lot”), wherein we acquired a parcel of land from RACM for $388,545, and sold a portion of the Lot to the Symphony for $200,000. These transactions resulted in an addition of approximately 5,000 square feet to the Lot, and will allow us to add an additional 53 parking spaces.
Addition Land | a				5,000
Addition Parking Spaces				35
MVP Milwaukee Wells [Member] | RACM [Member]
Property Acquired				$ 388,545
MVP Milwaukee Wells [Member] | Symphony [Member]
Properties Sold				$ 200,000
Two Parking Lots St. Louis [Member]
Disposition Description		On June 14, 2018, the Company, through entities wholly owned by the Company, sold two surface parking lots in St. Louis for $8.5 million to the Land Clearance For Redevelopment Authority of the City of St. Louis, a public body corporate and politic of the State of Missouri. Additionally, the purchaser agreed to pay 50% of the premium associated with defeasance of two CMBS loans which were cross-collateralized. The loans encumbered the following properties: MVP St. Louis Convention Plaza, MVP St. Louis Lucas, MVP KC Cherry Lot, MVP Indianapolis City Park Garage, and MVP Indianapolis Washington Street Lot. Subsequent to the defeasance of the loan that encumbered MVP Indianapolis City Park Garage and MVP Indianapolis Washington Street Lot, the Company added the two Indianapolis properties to the KeyBank Borrowing Base revolving credit facility, drawing approximately $8.7 million, of which approximately $1.6 million was used to pay down the KeyBank Working Capital revolving credit facility.
Properties Sold		$ 8,500,000
Line of Credit		8,700,000
Loan defeasance		$ 1,600,000
Two Parking Lots Kansas City [Member]
Disposition Description	On August 8, 2018 the Company, through entities wholly owned by the Company, sold two surface parking lots in Kansas City for cash consideration of $4.0 million to Block 66, LLC, a third-party buyer. Approximately $2.9 million of the proceeds were used to pay down the KeyBank Working Capital revolving credit facility. The properties were originally purchased in August 2013 and October 2015 by MVP REIT, Inc., for a combined total of $2.1 million. The properties were later acquired by The Parking REIT, Inc. for approximately $2.8 million based upon the allocation of the merger consideration for the merger of MVP REIT, Inc. and the Company in December 2017.
Properties Sold	$ 4,000,000
Loan defeasance	$ 2,900,000
Houston Jefferson Lot [Member]
Disposition Description					During September 2017, the Company sold one property listed as held for sale for $2.0 million. The Company acquired the property on November 22, 2016 and recorded at the fair value based on an appraisal. During March 2017, Houston Jefferson entered into a purchase and sale agreement to sell the property “as is” to a third party for approximately $2.0 million. During May 2017, this purchase and sale agreement was cancelled. During May and June 2017, another unsolicited third party expressed interest in purchasing the property for $2.0 million and during July 2017, the Company entered into a purchase and sale agreement with this third party, which closed on September 20, 2017. As a result of the sale, the Company recorded a gain of approximately $1.2 million.
Property, Held for Sale, listed price					$ 2,000,000
Date of Sale					Sep. 20, 2017
Gain on Sale					$ 1,200,000
Minneapolis Lot [Member]
Disposition Description			On October 5, 2018, The Parking REIT, Inc., through an entity wholly owned by the Company, completed a partial sale of 36,155 square feet of land adjoining a surface parking lot in Minneapolis for cash consideration of $3.0 million to Camber Lodging, LLC and Amber Lodging, LLC, for a proposed hotel development. The Company originally purchased the approximately 108,000 square foot parcel in January 2016 for $6.1 million.
Date of Sale			Oct. 5, 2018

Notes Payable (Details Narrativ

Notes Payable (Details Narrative) - Loans [Member] - USD ($)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Interest Incurred	$ 7,800,000	$ 4,700,000
Loan Amortization Cost	$ 1,700,000	$ 1,900,000

Investment In DST (Details Narr

Investment In DST (Details Narrative)	1 Months Ended	12 Months Ended
	May 31, 2017USD ($)a	Dec. 31, 2018USD ($)	Dec. 31, 2017USD ($)
Mortgage
Distributions Received			$ 189,000
MVP St. Louis Cardinal Lot, DST [Member]
Property Location	500 South Broadway, St. Louis, Missouri 63103
Area (acres) | a	2.56
No. Parking Spaces	376
Purchase Price	$ 11,350,000
Purchase Details	The Property was purchased by MVP St. Louis from an unaffiliated seller for a purchase price of $11,350,000, plus payment of closing costs, financing costs, and related transactional costs.
Mortgage
Tenant	MVP St. Louis, as landlord, entered into a 10-year master lease
Minimum Revenue	$ 414,000
Distributions Received		$ 205,000	$ 105,000
MVP St. Louis Cardinal Lot, DST [Member] | Mortgage Loan [Member]
Mortgage
Debt Issuer	Cantor Commercial Real Estate Lending, L.P (“St. Louis Lender”)
Amount	$ 6,000,000
Term	10 years
Interest	5.25%
Annual Debt Service Payment	$ 315,000
MVP St. Louis [Member]
Percentage Investment in MVP St. Louis	51.00%
Real Estate Investment In Joint Venture Amount	$ 2,800,000
Mortgage
Lease Term	10 years

Investment in Equity Method I_4

Investment in Equity Method Investee (Details Narrative) - USD ($)	Feb. 12, 2016	Apr. 30, 2017	Nov. 22, 2016
Denver 1935 Sherman [Member]
Description of Investment Activities	On February 12, 2016, the Company along with MVP I, through MVP Denver 1935 Sherman, LLC (“MVP Denver”), a Nevada limited liability company owned 24.49% by the Company and 75.51% by MVP I, closed on the purchase of a parking lot for approximately $2.4 million in cash, of which the Company’s share was approximately $0.6 million.
Aggregate Cost	$ 2,400,000
Ownership Percentage	24.49%
Additional Information	The Denver parking lot consists of approximately 18,765 square feet and has approximately 72 parking spaces. The Denver parking lot is leased by SP+ under a net lease agreement where MVP Denver is responsible for property taxes and SP+ pays for all insurance and maintenance costs. SP+ pays annual rent of $120,000. In addition, the lease provides revenue participation with MVP Denver receiving 70% of gross receipts over $160,000. The term of the lease is for 10 years.
Houston Preston Lot [Member]
Description of Investment Activities			On November 22, 2016, the Company and MVP I, through MVP Houston Preston Lot, LLC, a Delaware limited liability company (“MVP Preston”), an entity wholly owned by the Company, closed on the purchase of a parking lot consisting of approximately 46 parking spaces, located in Houston, Texas, for a purchase price of $2.8 million in cash plus closing costs, of which the Company’s portion was $560,000.
Aggregate Cost			$ 2,800,000
Ownership Percentage			20.00%
Additional Information		During April 2017, the company increased their ownership interest in the MVP Houston Preston Lot from 20% to 60%, by purchasing $1.12 million of MVP I ownership and will now be considered the controlling party.	The parking lot is under a 10-year lease with iPark Services LLC (“iPark”), a regional parking operator, under a modified net lease agreement where MVP Preston is responsible for property taxes above a $38,238 threshold, and iPark pays for insurance and maintenance costs. iPark pays annual rent of $228,000. In addition, the lease provides revenue participation with MVP Preston receiving 65% of gross receipts over $300,000. The term of the lease is for 10 years. During April 2017, the company increased their ownership interest in the MVP Houston Preston Lot from 20% to 60%, by purchasing $1.12 million of MVP REIT ownership and will now be considered the controlling party.

Merger (Details Narrative)

Merger (Details Narrative)	12 Months Ended
	Dec. 31, 2018USD ($)
Business Combinations [Abstract]
Advisor Fee Details	The Amended and Restated Advisory Agreement amended the Company’s existing advisory agreement, dated October 5, 2015, to provide for, among other amendments, (i) elimination of acquisition fees, disposition fees and subordinated performance fees and (ii) the payment of an asset management fee by the Company to the Advisor calculated and paid monthly in an amount equal to one-twelfth of 1.1% of the (a) cost of each asset then held by the Company, without deduction for depreciation, bad debts or other non-cash reserves, or (b) 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 (b)) debt financing on the investment. Pursuant to the Amended and Restated Advisory Agreement, the asset management fee may not exceed $2,000,000 per annum (the “Asset Management Fee Cap”) until the earlier of such time, if ever, that (i) the Company holds assets with an Appraised Value (as defined Amended and Restated Advisory Agreement) equal to or in excess of $500,000,000 or (ii) the Company reports AFFO (as defined in the Amended and Restated Advisory Agreement) equal to or greater than $0.3125 per share of the Company’s common stock (an amount intended to reflect a 5% or greater annualized return on $25.00 per share of the Company’s common stock) (the “Per Share Amount”) for two consecutive quarters, on a fully diluted basis. All amounts of the asset management fee in excess of the Asset Management Fee Cap, plus interest thereon at a rate of 3.5% per annum, will be due and payable by the Company no later than ninety (90) days after the earlier of the date that (i) the Company holds assets with an Appraised Value equal to or in excess of $500,000,000 or (ii) the Company reports AFFO per share of Company’s common stock equal to or greater than the Per Share Amount for two consecutive quarters, on a fully diluted basis.
Advisor Acquisition Payment	$ 3,600,000

Preferred Stock and Warrants (D

Preferred Stock and Warrants (Details Narrative)	12 Months Ended
	Dec. 31, 2018USD ($)$ / sharesshares
Preferred Stock Series A [Member]
Preferred stock, shares authorized | shares	50,000
Preferred stock par value | $ / shares	$ 0.0001
Share Value Raised | $	$ 2,500,000
Dividends	The holders of the Series A Preferred Stock are entitled to receive, when and as authorized by the board of directors and declared by the Company out of funds legally available for the payment of dividends, cash dividends at the rate of 5.75% per annum of the initial stated value of $1,000 per share. Since a Listing Event, as defined in the charter, did not occur by March 31, 2018, the cash dividend rate has been increased to 7.50%, until a Listing Event at which time, the annual dividend rate will be reduced to 5.75% of the Stated Value. Based on the number of Series A shares outstanding at December 31, 2018, the increased dividend rate would cost the Company approximately $13,000 more per quarter in Series A dividends.
Conversion Options	Subject to the Company’s redemption rights as described below, each Series A share will be convertible into shares of the Company’s common stock, at the election of the holder thereof by written notice to the Company (each, a “Series A Conversion Notice”) containing the information required by the charter, at any time beginning upon the earlier of (i) 90 days after the occurrence of a Listing Event or (ii) the second anniversary of the final closing of the Series A offering (whether or not a Listing Event has occurred). Each Series A share will convert into a number of shares of the Company’s common stock determined by dividing (i) the sum of (A) 100% of the Stated Value, initially $1,000, plus (B) any accrued but unpaid dividends to, but not including, the date of conversion, by (ii) the conversion price for each share of the Company’s common stock (the “Series A Conversion Price”) determined as follows: - Provided there has been a Listing Event, if a Series A Conversion Notice with respect to any Series A share is received on or prior to the day immediately preceding the first anniversary of the issuance of such share, the Series A Conversion Price will be equal to 110% of the volume weighted average price per share of the common stock of the Company (or its successor) for the 20 trading days prior to the delivery date of the Series A Conversion Notice. - Provided there has been a Listing Event, if a Series A Conversion Notice with respect to any Series A share is received after the first anniversary of the issuance of such share, the Series A Conversion Price will be equal to the volume weighted average price per share of the common stock of the Company (or its successor) for the 20 trading days prior to the delivery date of the Series A Conversion Notice. - If a Series A Conversion Notice with respect to any Series A share is received on or after the second anniversary of the final closing of the Series A offering, and at the time of receipt of such Series A Conversion Notice, a Listing Event has not occurred, the Series A Conversion Price will be equal to 100% of the Company’s net asset value per share. If the Amended Charter (as hereinafter defined) becomes effective, the date by which holders of Series A must provide notice of conversion will be changed from the day immediately preceding the first anniversary of the issuance of such share to December 31, 2017. This change will conform the terms of the Series A with the terms of the Series 1 with respect to conversions. At any time, from time to time, after the 20th trading day after the date of a Listing Event, the Company (or its successor) will have the right (but not the obligation) to redeem, in whole or in part, the Series A at the redemption price equal to 100% of the Stated Value, initially $1,000 per share, plus any accrued but unpaid dividends if any, to and including the date fixed for redemption. If the Company (or its successor) chooses to redeem any Shares, the Company (or its successor) has the right, in its sole discretion, to pay the redemption price in cash or in equal value of common stock of the Company (or its successor), based on the volume weighted average price per share of the common stock of the Company (or its successor) for the 20 trading days prior to the redemption, in exchange for the Series A. The Company (or its successor) also will have the right (but not the obligation) to redeem all or any portion of the Series A subject to a Series A Conversion Notice for a cash payment to the holder thereof equal to the applicable redemption price, by delivering a redemption notice to the holder of such Shares on or prior to the 10th trading day prior to the close of trading on the applicable Conversion Date.
Warrants	Each investor in the Series A received, for every $1,000 in shares subscribed by such investor, detachable warrants to purchase 30 shares of the Company’s common stock if the Company’s common stock is listed on a national securities exchange. The warrants’ exercise price is equal to 110% of the volume weighted average closing stock price of the Company’s common stock over a specified period as determined in accordance with the terms of the warrant; however, in no event shall the exercise price be less than $25 per share. As of December 31, 2018, there were detachable warrants that may be exercised for 84,510 shares of the Company’s common stock after the 90th day following the occurrence of a listing event. These potential warrants will expire five years from the 90th day after the occurrence of a listing event. If all the potential warrants outstanding at December 31, 2018 became exercisable because of a listing event and were exercised at the minimum price of $25 per share, gross proceeds to the Company would be approximately $2.1 million and the Company would as a result issue an additional 84,510 shares of common stock. As of the date of this filing the Company had an estimated fair market value of potential warrants that was immaterial.
Series 1 Preferred Stock [Member]
Preferred stock, shares authorized | shares	97,000
Preferred stock par value | $ / shares	$ 0.0001
Dividends	The holders of the Series 1 Preferred Stock are entitled to receive, when and as authorized by the Company’s board of directors and declared by us out of legally available funds, cumulative, cash dividends on each Share at an annual rate of 5.50% of the Stated Value pari passu with the dividend preference of the Series A Preferred Stock and in preference to any payment of any dividend on the Company’s common stock; provided, however, that Qualified Purchasers (who purchased $1.0 million or more in a single closing) are entitled to receive, when and as authorized by the Company’s board of directors and declared by us out of legally available funds, cumulative, cash dividends on each Series 1 share held by such Qualified Purchaser at an annual rate of 5.75% of the Stated Value (instead of the annual rate of 5.50% for all other holders of the Series 1 shares) until April 7, 2018, at which time, the annual dividend rate will be reduced to 5.50% of Stated Value; provided further, however, that since a Listing Event has not occurred by April 7, 2018, the annual dividend rate on all Series 1 shares (without regard to Qualified Purchaser status) has been increased to 7.00% of the Stated Value until the occurrence of a Listing Event, at which time, the annual dividend rate will be reduced to 5.50% of the Stated Value. Based on the number of Series 1 shares outstanding at December 31, 2018, the increased dividend rate would cost the Company approximately $150,000 more per quarter in Series 1 dividends.
Conversion Options	Subject to the Company’s redemption rights as described below, each Series 1 share will be convertible into shares of the Company’s common stock, at the election of the holder thereof by written notice to the Company (each, a “Series 1 Conversion Notice”) containing the information required by the charter, at any time beginning upon the earlier of (i) 45 days after the occurrence of a Listing Event or (ii) April 7, 2019 (whether or not a Listing Event has occurred). Each Series 1 share will convert into a number of shares of the Company’s common stock determined by dividing (i) the sum of (A) 100% of the Stated Value, initially $1,000, plus (B) any accrued but unpaid dividends to, but not including, the date of conversion, by (ii) the conversion price for each share of the Company’s common stock (the “Series 1 Conversion Price”) determined as follows: - Provided there has been a Listing Event, if a Series 1 Conversion Notice is received prior to December 1, 2017, the Series 1 Conversion Price will be equal to 110% of the volume weighted average price per share of the common stock of the Company (or its successor) for the 20 trading days prior to the delivery date of the Series 1 Conversion Notice. - Provided there has been a Listing Event, if a Series 1 Conversion Notice is received on or after December 1, 2017, the Series 1 Conversion Price will be equal to the volume weighted average price per share of the common stock of the Company (or its successor) for the 20 trading days prior to the delivery date of the Series 1 Conversion Notice.- If a Series 1 Conversion Notice is received on or after April 7, 2019, and at the time of receipt of such Series 1 Conversion Notice, a Listing Event has not occurred, the Series 1 Conversion Price for such Share will be equal to 100% of the Company’s net asset value per share, or NAV per share. At any time, from time to time, on and after the later of (i) the 20th trading day after the date of a Listing Event, if any, or (ii) April 7, 2018, the Company (or its successor) will have the right (but not the obligation) to redeem, in whole or in part, the Series 1 Preferred Stock at the redemption price equal to 100% of the Stated Value, initially $1,000 per share, plus any accrued but unpaid dividends if any, to and including the date fixed for redemption. In case of any redemption of less than all of the shares by the Company, the shares to be redeemed will be selected either pro rata or in such other manner as the board of directors may determine. If the Company (or its successor) chooses to redeem any shares, the Company (or its successor) has the right, in its sole discretion, to pay the redemption price in cash or in equal value of common stock of the Company (or its successor), based on the volume weighted average price per share of the common stock of the Company (or its successor) for the 20 trading days prior to the redemption, in exchange for the shares. The Company (or its successor) also will have the right (but not the obligation) to redeem all or any portion of the Series 1 Preferred Stock subject to a Series 1 Conversion Notice for a cash payment to the holder thereof equal to the applicable redemption price, by delivering a Redemption Notice to the holder of such Shares on or prior to the 10th trading day prior to the close of trading on the Conversion Date for such Shares.
Warrants	Each investor in the Series 1 received, for every $1,000 in shares subscribed by such investor, detachable warrants to purchase 35 shares of the Company’s common stock if the Company’s common stock is listed on a national securities exchange. The warrants’ exercise price is equal to 110% of the volume weighted average closing stock price of the Company’s common stock over a specified period as determined in accordance with the terms of the warrant; however, in no event shall the exercise price be less than $25 per share. As of December 31, 2018, there were detachable warrants that may be exercised for 1,382,675 shares of the Company’s common stock after the 90th day following the occurrence of a listing event. These potential warrants will expire five years from the 90th day after the occurrence of a listing event. If all the potential warrants outstanding at December 31, 2018 became exercisable because of a listing event and were exercised at the minimum price of $25 per share, gross proceeds to the Company would be approximately $34.6 million and as a result the Company would issue an additional 1,382,675 shares of common stock. As of the date of this filing the Company had an estimated fair market value of potential warrants that was immaterial.

Subsequent Events (Details Narr

Subsequent Events (Details Narrative) - Loan Agreement [Member]	Feb. 08, 2019
Date of Event	Feb. 8, 2019
Description	On February 8, 2019, subsidiaries of the Company, consisting of MVP PF St. Louis 2013, LLC (“MVP St. Louis”), and MVP PF Memphis Poplar 2013 (“MVP Memphis Poplar”), LLC entered into a loan agreement, dated as of February 8, 2019, with LoanCore Capital Credit REIT LLC (“LoanCore”). Under the terms of the Loan Agreement, LoanCore agreed to loan MVP St. Louis and MVP Memphis Poplar $5.5 million to repay and discharge the outstanding KeyBank loan agreement. The loan is secured by a Mortgage, Assignment of Leases and Rents, Security Agreement and Fixture Filing on each of the properties owned by MVP St. Louis and MVP Memphis Poplar.