Mobile Infrastructure (MBIC) 10-K 30 Mar 20 2019 FY Annual report Financial data

Cover

Cover - USD ($)	12 Months Ended
	Dec. 31, 2019	Mar. 27, 2020
Cover [Abstract]
Document Type	10-K
Amendment Flag	false
Document Annual Report	true
Document Period End Date	Dec. 31, 2019
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2019
Current Fiscal Year End Date	--12-31
Entity File Number	000-55760
Entity Registrant Name	Parking REIT, Inc.
Entity Central Index Key	0001642985
Entity Tax Identification Number	47-3945882
Entity Incorporation, State or Country Code	MD
Entity Address, Address Line One	8880 W. SUNSET RD
Entity Address, Address Line Two	SUITE 240
Entity Address, City or Town	LAS VEGAS
Entity Address, State or Province	NV
Entity Address, Postal Zip Code	89148
City Area Code	702
Local Phone Number	534-5577
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	true
Elected Not To Use the Extended Transition Period	false
Entity Shell Company	false
Entity Public Float		$ 0
Entity Common Stock, Shares Outstanding		7,330,071

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Dec. 31, 2019	Dec. 31, 2018
Investments in real estate
Land and improvements	$ 136,607,000	$ 142,607,000
Buildings and improvements	170,276,000	170,206,000
Construction in progress	714,000	1,872,000
Intangible Assets	2,288,000	2,288,000
[us-gaap:RealEstateInvestmentPropertyAtCost]	309,885,000	316,973,000
Accumulated depreciation	(12,049,000)	(7,110,000)
Total investments in real estate, net	297,836,000	309,863,000
Fixed Assets, net of accumulated depreciation of $42,000 and $21,000 as of December 31, 2019 and 2018, respectively	21,000	42,000
Assets held for sale, net of accumulated depreciation of $212,000	3,288,000
Cash	7,707,000	5,106,000
Cash - restricted	3,937,000	4,329,000
Prepaid expenses	1,679,000	616,000
Accounts receivable	929,000	712,000
Investment in DST	2,836,000	2,821,000
Accounts receivable related parties		3,000
Other assets	111,000	79,000
Total assets	318,344,000	323,571,000
Liabilities
Notes payable, net of unamortized loan issuance costs of approximately $1.8 million and $2.4 million as of December 31, 2019 and 2018, respectively	159,120,000	155,961,000
Accounts payable and accrued liabilities	10,883,000	4,605,000
Accounts payable and accrued liabilities - related party		653,000
Deferred management internalization	17,800,000
Security Deposit	138,000	139,000
Due to related parties	54,000
Deferred revenue	104,000	93,000
Total liabilities	188,099,000	161,451,000
Commitments and contingencies
The Parking REIT, Inc. Stockholders' Equity
Additional paid-in capital	194,137,000	183,382,000
Accumulated deficit	(66,511,000)	(23,953,000)
Total The Parking REIT, Inc. Shareholders' Equity	127,626,000	159,429,000
Non-controlling interest	2,619,000	2,691,000
Total equity	130,245,000	162,120,000
Total liabilities and equity	318,344,000	323,571,000
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, 2019	Dec. 31, 2018
Fixed Assets, depreciation	$ 42,000	$ 21,000
Assets held for sale, depreciation	212,000
Notes payable, unamortized loan issuance costs	$ 1,800,000	$ 2,400,000
Common stock par value	$ 0.0001	$ 0.0001
Common stock, shares authorized	98,999,000	98,999,000
Common stock, shares issued	7,332,811	6,542,797
Common stock, shares outstanding	7,332,811	6,542,797
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
Stated Liquidation Value	$ 2,862,000	$ 2,862,000
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	39,811
Preferred stock, shares outstanding	39,811	39,811
Stated Liquidation Value	$ 39,811,000	$ 39,811,000
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, 2019	Dec. 31, 2018
Revenues
Base rent income	$ 20,151,000	$ 19,534,000
Percentage rent income	2,643,000	2,566,000
Total revenues	22,794,000	22,100,000
Operating expenses
Property taxes	3,023,000	2,918,000
Property operating expense	1,701,000	1,404,000
Asset management fee - related party	854,000	2,000,000
General and administrative	5,601,000	3,620,000
Professional fees	8,528,000	4,243,000
Management Internalization	32,004,000
Acquisition expenses	251,000	412,000
Provision for impairment of investments in real estate	1,452,000	600,000
Depreciation and amortization	5,172,000	4,938,000
Total operating expenses	58,586,000	20,135,000
Income (loss) from operations	(35,792,000)	1,965,000
Other income (expense)
Interest expense	(9,513,000)	(9,449,000)
Gain from sale of investment in real estate	2,509,000	2,276,000
Other Income	82,000	81,000
Income from DST	218,000	205,000
Total other expense	(6,704,000)	(6,887,000)
Net loss	(42,496,000)	(4,922,000)
Net income attributable to non-controlling interest	62,000	41,000
Net loss attributable to The Parking REIT, Inc.'s stockholders	(42,558,000)	(4,963,000)
Preferred stock distributions declared - Series A	(216,000)	(205,000)
Preferred stock distributions declared - Series 1	(2,784,000)	(2,605,000)
Net loss attributable to The Parking REIT, Inc.'s common stockholders	$ (45,558,000)	$ (7,773,000)
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	$ (6.66)	$ (1.19)
Distributions declared per common share		$ 0.12
Weighted average common shares outstanding, basic and diluted	6,836,693	6,550,099

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, 2017			$ 177,598,000	$ (18,173,000)	$ 2,751,000	$ 162,176,000
Balance Common Shares at Dec. 31, 2017		6,532,000
Balance Preferred Shares at Dec. 31, 2017	32,651
Distributions to non-controlling interest					(101,000)	(101,000)
Issuance of common stock - DRIP			307,000			307,000
Issuance of common stock - DRIP (Shares)		11,326
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
Distributions to non-controlling interest					(134,000)	$ (134,000)
Issuance of common stock			14,000,000			14,000,000
Issuance of common stock (shares)		800,000
Redeemed Shares			(245,000)			(245,000)
Redeemed Shares (Shares)		(9,986)
Distributions - Series A			(216,000)			(216,000)
Distributions - Series 1			(2,784,000)			(2,784,000)
Net income (loss)				(42,558,000)	62,000	(42,496,000)
Balance at Dec. 31, 2019			$ 194,137,000	$ (66,511,000)	$ 2,619,000	$ 130,245,000
Balance Common Shares at Dec. 31, 2019		7,332,811				7,332,811
Balance Preferred Shares at Dec. 31, 2019	42,673

Consolidated Statements Of Cash

Consolidated Statements Of Cash Flows - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Cash flows from operating activities:
Net loss	$ (42,496,000)	$ (4,922,000)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization expense	5,172,000	4,938,000
Gain from acquisition of real estate	(2,509,000)	(2,276,000)
Management internalization	31,800,000
Income from DST	(218,000)	(205,000)
Impairment on real estate	1,452,000	600,000
Amortization of loan costs	902,000	1,658,000
Changes in operating assets and liabilities
Due to/from related parties	57,000	(388,000)
Accounts payable	6,286,000	1,343,000
Accounts payable - related parties	(653,000)
Loan fees	(287,000)	(1,750,000)
Deferred revenue	40,000	198,000
Other assets	(32,000)	(69,000)
Security deposits	(1,000)	(63,000)
Accounts Receivable	(217,000)	(303,000)
Prepaid expenses	(1,063,000)	(432,000)
Net cash used in operating activities	(1,767,000)	(1,671,000)
Cash flows from investing activities:
Purchase of investment in real estate		(28,939,000)
Building and land improvements	(1,696,000)	(6,405,000)
Fixed asset purchase	(41,000)	(63,000)
Distributions from Investments	203,000	205,000
Proceeds from sale of investment in real estate	4,345,000	10,067,000
Payment of deposit for purchase of investment in real estate or debt	(97,000)	(4,003,000)
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	97,000	2,890,000
Net cash used in investing activities	2,811,000	(24,460,000)
Cash flows from financing activities:
Proceeds from notes payable	11,181,000	45,843,000
Payments on notes payable	(6,637,000)	(2,013,000)
Proceeds from of line of credit		29,500,000
Payments on line of credit		(59,360,000)
Distribution to non-controlling interest	(118,000)	(101,000)
Proceeds from issuance of preferred stock		9,089,000
Redeemed shares	(245,000)	(812,000)
Dividends paid to stockholders	(3,016,000)	(3,310,000)
Net cash provided by financing activities	1,165,000	18,836,000
Net change in cash, cash equivalents and restricted cash	2,209,000	(7,295,000)
Cash and cash equivalents, beginning of period	9,435,000	16,730,000
Cash and cash equivalents, end of period	11,644,000	9,435,000
Reconciliation of Cash, Cash Equivalents and Restricted Cash:
Cash and cash equivalents at beginning of period	5,106,000	8,501,000
Restricted cash at beginning of period	4,329,000	8,229,000
Cash, cash equivalents and restricted at beginning of period	9,435,000	16,730,000
Cash and cash equivalents at end of period	7,707,000	5,106,000
Restricted cash at end of period	3,937,000	4,329,000
Cash, cash equivalents and restricted at end of period	11,644,000	9,435,000
Supplemental disclosures of cash flow information:
Interest Paid	8,611,000	7,791,000
Non-cash investing and financing activities:
Distributions - DRIP		307,000
Dividend shares		817,000
Dividends declared not yet paid	250,000	250,000
Payment of deposit for purchase of investment in real estate or debt	(97,000)	(4,003,000)
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	97,000	2,890,000
Issuance of common stock - internalization	14,000,000
Deferred management internalization	24,800,000
Payments on note payable through sale of investment in real estate	(2,000,000)	(11,092,000)
Proceeds from 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, 2019
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. The Company intends to continue operating as a REIT for the taxable year ended December 31, 2019. 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 parking properties that contain other sources of rental income, potentially including office, retail, storage, residential, billboard or cell towers. 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. The Company’s former advisor is MVP Realty Advisors, LLC, dba The Parking REIT Advisors (the “former 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”). Prior to the Internalization (as defined below), the former Advisor was 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 former 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 former Advisor, prior to being internalized in January 2018. As part of the Company’s initial capitalization, 8,000 shares of common stock were sold for $200,000 to an affiliate of the former Advisor (as defined below). 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 former 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, 2019, the Company had 7 ,332,811 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, 2019. 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, 2019.

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2019
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. Liquidity Matters The Company has incurred net losses since its inception and anticipates net losses and negative operating cash flows for the near future. For the year ended December 31, 2019, the Company had a net loss of $42.6 million which included $31.8 million of non-cash consideration by issuance of its common shares to the former Advisor in connection with the Internalization. See Note S – Deferred Management Internalization Management has implemented the following plan to address the Company’s liquidity over the next twelve months plus a day from the filing of this Annual Report: · The Company has received unsolicited offers, from third parties, to purchase properties and executed a PSA for the sale of the San Jose garage on February 25, 2020 from a third-party buyer. The buyer’s earnest money deposit became nonrefundable on March 27, 2020. See Note J – Assets Held for Sale · On March 24, 2020, the Company’s board of directors unanimously authorized the suspension of the payment of distributions on the Series A, however, such distributions will continue to accrue in accordance with the terms of the Series A to preserve funds for operations. · On March 24, 2020, the Company’s board of directors unanimously authorized the suspension of the payment of distributions on the Series 1, however, such distributions will continue to accrue in accordance with the terms of the Series 1 to preserve funds for operations. · The Company is in preliminary discussions with its lenders, including Bank of America, to obtain waivers from certain liquidity requirements and defer payments due under its loans in light of the current economic conditions. However, there can be no assurance that the Company will reach any such agreement with its lenders. · The Company expects to allow its tenants to defer their base rent payments due to the Company under its leases with its tenants, in order to assist tenants with the impact of the current COVID-19 pandemic. · The Company intends to apply for available SBA loans, for companies with 500 or less employees, under the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) signed by President Trump on March 27, 2020. Based on the Company’s current business plan, the Company believes its existing cash, projected cash collections and cash inflows will be sufficient to meet its anticipated cash requirements for at least twelve months after the December 31, 2019 financial statements are issued. Consolidation The Company’s consolidated financial statements include its accounts, the accounts of the Company’s assets that were sold during 2019 and 2018 (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, 2019 and 2018. MVP PF Ft. Lauderdale 2013, LLC Minneapolis City Parking, LLC MVP St. Paul Holiday Garage, LLC MVP PF Memphis Poplar 2013, LLC MVP Minneapolis Venture, LLC MVP Louisville Station Broadway, LLC MVP PF Memphis Court 2013, LLC MVP Indianapolis Meridian Lot, LLC White Front Garage Partners, LLC MVP PF St. Louis 2013, LLC MVP Milwaukee Clybourn, LLC Cleveland Lincoln Garage, LLC Mabley Place Garage, LLC MVP Milwaukee Arena Lot, LLC MVP Houston Preston, LLC MVP Denver Sherman, LLC MVP Clarksburg Lot, LLC MVP Houston San Jacinto Lot, LLC MVP Fort Worth Taylor, LLC MVP Denver Sherman 1935, LLC MVP Detroit Center Garage, LLC MVP Milwaukee Old World, LLC MVP Bridgeport Fairfield Garage, LLC St. Louis Broadway, LLC MVP Houston Saks Garage, LLC West 9 th St. Louis Seventh & Cerre, LLC MVP Milwaukee Wells, LLC MVP San Jose 88 Garage, LLC MVP Preferred Parking, LLC MVP Wildwood NJ Lot, LLC MCI 1372 Street, LLC MVP Raider Park Garage, LLC MVP Indianapolis City Park, LLC MVP Cincinnati Race Street, LLC MVP New Orleans Rampart, LLC MVP Indianapolis WA Street Lot, LLC MVP St. Louis Washington, LLC MVP Hawaii Marks Garage, 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, 2019 and 2018. One tenant, SP Plus Corporation (Nasdaq: SP) (“SP+”), represented 60.8% of the Company’s base parking rental revenue for the year ended December 31, 2019. SP+ is one of the largest providers of parking management in the United States. As of December 31, 2019, SP+ managed approximately 3,100 locations in North America. Below is a table that summarizes parking rent by tenant: For the Years Ended December 31, Parking Tenant 2019 2018 SP + 60.8% 57.3% Premier Parking 14.8% 17.1% ISOM Mgmt 3.9% 4.3% ABM 3.9% 4.6% Interstate Parking 2.9% 2.8% 342 N. Rampart 2.9% 2.6% Denison 2.7% 2.5% Lanier 2.4% 2.4% St. Louis Parking 2.0% 2.2% Premium Parking 1.2% -- TNSH, LLC 1.1% 0.6% Riverside Parking 0.9% 1.0% BEST PARK 0.2% 1.5% Denver School 0.2% 0.2% Secure 0.1% 0.1% PCAM, LLC -- 0.8% * 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, 2019 and 2018, as well as concentrations in various cities based on the real estate the Company owned as of December 31, 2019 and 2018. The below tables summarize this information by city. City Concentration for Parking Rental Revenue For the Years Ended December 31, 2019 2018 Detroit 22.6% 18.2% Houston 11.7% 13.3% Cincinnati 9.3% 9.2% Fort Worth 7.0% 8.1% Indianapolis 6.1% 6.5% Cleveland 5.8% 5.3% St. Louis 5.0% 5.4% Honolulu 4.3% 2.6% Lubbock 3.9% 4.2% Milwaukee 3.7% 3.7% Minneapolis 3.6% 4.3% Nashville 3.1% 3.5% St Paul 2.9% 2.7% New Orleans 2.9% 2.7% San Jose 2.0% 2.4% Bridgeport 1.9% 2.3% Memphis 1.4% 1.6% Louisville 0.9% 1.0% Denver 0.7% 0.8% Ft. Lauderdale 0.4% 0.6% Wildwood 0.3% 0.4% Clarksburg 0.3% 0.3% Canton 0.2% 0.3% Kansas City -- 0.6% Real Estate Investment Concentration by City As of December 31, 2019 2018 Detroit 17.7% 17.6% Houston 12.1% 11.9% Fort Worth 8.8% 8.8% Cincinnati 8.8% 8.7% Honolulu 6.8% 6.7% Cleveland 6.3% 6.2% Indianapolis 5.8% 5.8% St Louis 4.4% 4.4% Minneapolis 4.3% 4.4% Lubbock 4.3% 3.5% Milwaukee 3.9% 3.8% Nashville 3.7% 3.7% St Paul 2.7% 2.7% Bridgeport 2.6% 2.6% New Orleans 2.6% 2.6% Memphis 1.3% 1.5% San Jose 1.1% 1.2% Denver 1.0% 1.0% Louisville 1.0% 1.0% Wildwood 0.4% 0.4% Clarksburg 0.2% 0.2% Canton 0.2% 0.2% Fort Lauderdale -- 1.1% 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 approximately $1.5 million for the year ended December 31, 2019. These impairment charges consisted of $558,000 associated with the Memphis Court lot, $344,000 associated with the San Jose 88 garage, $50,000 associated with the St. Louis Washington lot and $500,000 associated with the Minneapolis City lot. These charges were recorded to write down the carrying value of these assets to their current appraised values net of estimated closing costs. The appraisals were performed by independent third-party appraisers primarily using the income approach based on the contracted rent to be received from the operator (i.e. leased fee for St. Louis and San Jose) and the fee simple method for Memphis Court. The Company recorded impairment charges of $600,000 for the year ended December 31, 2018. The impairment charges consisted of $400,000 associated with the Wildwood NJ Lot and $200,000 associated with the Memphis Court lot. 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. 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, 2019, and 2018, the Company had approximately $2.7 million and $0.5 million, respectively, in excess of the federally insured limits. As of December 31, 2019, 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, 2019 and 2018, 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 former 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 former Advisor’s employees and employees of the former 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 Commencing with its taxable year ended December 31, 2017, the Company has operated in a manner to qualify as a REIT under Sections 856 to 860 of the Code. 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. The Company’s REIT taxable income may substantially exceed or be less than the income calculated according to GAAP. In addition, the Company will be subjected to corporate income tax to the extent that less than 100% of the net taxable income is distributed, including any net capital gain. 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, 2019. 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 its stockholders and therefore may not realize any benefit from deferred tax assets arising during 2019 or any prior period in which a valid REIT election was in effect. The Company intends to distribute at least 100% of its taxable income annually and intends to do so for the tax year ended December 31, 2019 and in all future periods. The Company has placed a full valuation allowance on all of its deferred tax assets, and thus no 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, 2019 and 2018. 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. As of December 31, 2019, there were 2,862 shares of the Series A Convertible Redeemable Preferred Stock issued and outstanding. As of filing date, the Company has not received any requests to convert. 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. As of December 31, 2019, there were 39,811 shares of the Series 1 Convertible Redeemable Preferred Stock issued and outstanding. As of filing date, the Company has not received any requests to convert. 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 the net asset value per share of the Company’s common stock; provided that if a “Listing Event” (as defined in the applicable articles supplementary) occurs, the conversion price will be 100% 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. 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. 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, 2019
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Note C — Commitments and Contingencies 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 the 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 acquired and any additional investigation as warranted. 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, 2019, management has not received the closure letter, however the Company does not anticipate a material adverse effect related to this environmental matter. 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, 2019, 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, 2019
Real Estate [Abstract]
Investments in Real Estate	Note D – Investments in Real Estate 2019 As of December 31, 2019, 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 + 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 $6,331,000 SP + MVP St. Louis Washington St Louis, MO 7/18/2016 Lot 63 0.39 N/A $2,957,000 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 / iPark Cleveland Lincoln Garage Owners Cleveland, OH 10/19/2016 Garage 536 1.14 45,272 $10,649,000 SP + MVP Houston Preston Lot Houston, TX 11/22/2016 Lot 46 0.23 N/A $2,820,000 Premier / iPark MVP Houston San Jacinto Lot Houston, TX 11/22/2016 Lot 85 0.65 240 $3,250,000 Premier / iPark 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 $21,210,000 Premier / iPark MVP Raider Park Garage Lubbock, TX 11/21/2017 Garage 1,495 2.15 20,536 $13,517,000 ISOM Management MVP PF Memphis Poplar Memphis, TN 12/15/2017 Lot 127 0.87 N/A $3,747,000 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 $10,423,000 Premier / iPark 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 $4,013,000 N/A Minneapolis City Parking Minneapolis, MN 12/15/2017 Lot 268 1.98 N/A $9,338,000 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 21,127,000 SP + Construction in progress $714,000 Total Investment in real estate and fixed assets $309,885,000 (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. 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 Total Investment in real estate and fixed assets $316,973,000 (1) These properties are held by West 9th St. Properties II, LLC. (2) The Company owns 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 owned by MVP Wildwood NJ Lot, LLC. (4) MVP Preferred Parking, LLC owns a Garage and a Parking Lot.

Related Party Transactions and

Related Party Transactions and Arrangements	12 Months Ended
	Dec. 31, 2019
Related Party Transactions [Abstract]
Related Party Transactions and Arrangements	Note E — Related Party Transactions and Arrangements 2019 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. Prior to the Internalization, the former Advisor had the option to request reimbursement of certain payroll expenses for salaries and benefits paid to non-executive officers. As of December 31, 2019, all reimbursable expenses had been paid. Ownership of Company Stock As of December 31, 2019, the Sponsor owned 9,107 shares, VRM II owned 844,960 shares and VRM I owned 456,834 shares of the Company’s outstanding common stock. During the year ended December 31, 2018, VRM II and VRM I received approximately $33,000 and $19,000 in distributions in accordance with the Company’s distribution reinvestment program (“DRIP”). No DRIP distributions were received by either entity during the year ended December 31, 2019 due to the suspension of the DRIP program. Ownership of the Former Advisor VRM I and VRM II own 40% and 60%, respectively, of the former 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 former Advisor. Fees Paid in Connection with the Operations of the Company Prior to the Internalization (as defined below), the former Advisor or its affiliates received 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 could 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, would be due and payable by the Company no later than ninety (90) days after the condition for payment is satisfied. For the years ended December 31, 2019 and 2018, asset management fees of approximately $0.9 and $2.0 million, respectively, had been earned by the former Advisor. From and after May 29, 2018 (or the Valuation Date), the asset management fee was to be calculated based on the lower of the value of the Company’s assets and their historical cost. The Company ceased payment of asset management fees effective April 1, 2019, as a result of the Internalization (as defined below). The Company was to reimburse the former Advisor or its affiliates for costs of providing administrative services, subject to the limitation that it will not reimburse the former 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 former Advisor for personnel costs in connection with services for which the former 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 former Advisor for rent or depreciation, utilities, capital equipment or other costs of its own administrative items. During the year ended December 31, 2019, approximately $1.4 million, in operating expenses were incurred by the former Advisor, on behalf of the Company, reimbursable to the former Advisor of which has been reimbursed. On March 29, 2019, the Company and the former Advisor entered into definitive agreements to internalize the Company’s management function effective April 1, 2019 (the “Internalization”). Since their formation, under the supervision of the board of directors (the “Board of Directors”), the former Advisor has been responsible for managing the operations of the Company and MVP I, which merged with a wholly owned indirect subsidiary of the Company in December 2017. As part of the Internalization, among other things, the Company agreed with the former Advisor to (i) terminate the Second Amended and Restated Advisory Agreement, dated as of May 26, 2017 and, for the avoidance of doubt, the Third Amended and Restated Advisory Agreement, dated as of September 21, 2018, which by its terms would have become effective only upon a listing of the Company’s common stock on a national securities exchange (collectively, the “Management Agreements”), each entered into among the Company, the former Advisor and MVP REIT II Operating Partnership, LP (the “Operating Partnership”); (ii) extend employment to the executives and other employees of the former Advisor; (iii) arrange for the former Advisor to continue to provide certain services with respect to outstanding indebtedness of the Company and its subsidiaries; and (iv) lease the employees of the former Advisor for a limited period of time prior to the time that such employees become employed by the Company. As part of those same agreements, the Company agreed to issue to the former Advisor over a period of more than two and a half years, 1,600,000 shares of the Company’s common stock as consideration under the terms of the Contribution Agreement, issuable in four equal installments. The first installment of 400,000 shares of Common Stock was issued on April 1, 2019 and the second on December 31, 2019. The remaining installments will be issued on December 31, 2020 and December 31, 2021 (or if December 31st is not a business day, the day that is the last business day of such year). See Note S — Deferred Management Internalization 2018 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. The former Advisor had the option to request reimbursement of certain payroll expenses for salaries and benefits paid to non-executive officers. As of December 31, 2018, the former 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 As of December 31, 2018, the Sponsor owned 9,107 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 the former Advisor VRM I and VRM II own 40% and 60%, respectively, of the former 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 former 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 former 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 former 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 former Advisor or its affiliates for costs of providing administrative services, subject to the limitation that it will not reimburse the former 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 former Advisor for personnel costs in connection with services for which the former 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 former 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 former Advisor. During the year ended December 31, 2018, approximately $2.5 million had been reimbursed to the former Advisor. For the year ended December 31, 2017, the former 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 former 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, 2019
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 former 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 former Advisor paid the Company’s organization and offering expenses. As a result of these relationships, the Company is dependent upon the former 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, 2019
Share-based Payment Arrangement [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, 2019 and 2018, no grants were made under the long-term incentive plan.

Recent Accounting Pronouncement

Recent Accounting Pronouncements	12 Months Ended
	Dec. 31, 2019
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, 2019
Business Combinations [Abstract]
Acquisitions	Note I – Acquisitions 2019 There were no acquisitions for the year ended December 31, 2019. 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 assumes that the acquisitions were completed as of January 1, 2018 For the year ended December 31, 2018 Revenues from continuing operations $ 22,593,000 Net income (loss) from continuing operations $ (4,508,000) Net income (loss) from continuing operations per share – basic $ (0.69) Net income (loss) from continuing operations per share – diluted $ (0.69)

Assets Held For Sale

Assets Held For Sale	12 Months Ended
	Dec. 31, 2019
Property, Plant and Equipment [Abstract]
Assets held for sale	Note J — Assets held for sale 2019 Effective April 17, 2019, the Company entered into a purchase sales agreement (“PSA”) with an unrelated third party to sell MVP San Jose 88 Garage, LLC, which is wholly owned by the Company and is listed as held for sale. This multi-level parking garage located in San Jose, California was originally acquired by the Company on June 15, 2016. On May 14, 2019 the unrelated third party cancelled the PSA. The Company executed a new PSA for this property with another unrelated third party on February 25, 2020. Such third party has made a deposit that became nonrefundable on March 27, 2020. The following is summary of San Jose 88 Garage, LLC net assets held for sale as of December 31, 2019: December 31, 2019 December 31, 2018 Assets: Prepaid expenses $ 42,000 $ 8,000 Property and equipment, net of accumulated depreciation 3,288,000 3,844,000 Total assets $ 3,330,000 $ 3,852,000 Liabilities: Notes payable $ 2,500,000 $ 2,500,000 Accounts payable and accrued liabilities 47,000 195,000 Total liabilities 2,547,000 2,695,000 Net assets held for sale $ 783,000 $ 1,157,000 The following is a summary of the results of operations related to MVP San Jose 88 Garage for the years ended December 31, 2019 and 2018: 2019 2018 Revenue $ 450,000 $ 474,000 Expenses * 842,000 419,000 Income/(loss) from assets held for sale, net of income taxes $ (392,000) $ 55,000 *Includes $343,000 impairment for the year ended December 31, 2019. 2018 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 was 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 was reported as held for use at December 31, 2018.

Disposition Investments in Real

Disposition Investments in Real Estate	12 Months Ended
	Dec. 31, 2019
Discontinued Operations and Disposal Groups [Abstract]
Disposition Investments in Real Estate	Note K – Disposition of Investments in Real Estate 2019 Ft Lauderdale On September 23, 2019 the Company, through an entity wholly owned by the Company, sold a surface parking lot and office building in Ft. Lauderdale for cash consideration of $6.1 million to Fort Lauderdale Properties Management, LLC, a third-party buyer. The Company used $2.0 million of the proceeds to pay off the existing promissory note secured by the MVP PF Ft. Lauderdale 2013, LLC. The property was originally purchased in July 2013 by MVP REIT, Inc., and the property was later acquired by The Parking REIT, Inc. for approximately $3.4 million based upon original purchase price and the allocation of the merger consideration for the merger of MVP REIT, Inc. and MVP REIT II, Inc. in December 2017. The gain on sale is approximately $2.3 million. The following is a summary of the results of operations related to the surface parking lot in Ft. Lauderdale for the years ended December 31, 2019 and 2018: For the Years Ended December 13, 2019 2018 Revenue $ 136,000 $ 130,000 Expenses (116,000) (167,000) Income (loss) from disposed assets, net of income taxes $ 20,000 $ (37,000) Memphis Court On October 29, 2019, the Company, through an entity wholly owned by the Company, sold a surface parking lot and office building in Memphis for cash consideration of $675,000 to KNM Development Group, LLC, a third-party buyer. The property was originally purchased in August 2013 by MVP REIT, Inc., and the property was later acquired by The Parking REIT, Inc. for approximately $1.0 million based upon the original purchase price and the allocation of the merger consideration for the merger of MVP REIT, Inc. and MVP REIT II, Inc. in December 2017. The gain on sale is approximately $0.2. For the Years Ended December 31, 2019 2018 Revenue $ 4,000 $ 12,000 Expenses * 563,000 3,000 Income/(loss) from assets held for sale, net of income taxes $ (559,000) $ 9,000 *Includes $558,000 impairment for the year ended December 31, 2019. 2018 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 year ended December 31, 2018: For the Year Ended December 31, 2018 Revenue $ 312,000 Expenses (52,000) Income from disposed assets, net of income taxes $ 260,000 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 year ended December 31, 2018: For the Year Ended December 31, 2018 Revenue $ 107,000 Expenses (24,000) Income from disposed assets, net of income taxes $ 83,000 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 year ended December 31, 2018: For the Year Ended December 31, 2018 Revenue $ -- Expenses (270,000) Gain/(Loss) from disposed assets, net of income taxes $ (270,000)

Notes Payable

Notes Payable	12 Months Ended
	Dec. 31, 2019
Debt Disclosure [Abstract]
Notes Payable	Note L — Notes Payable 2019 As of December 31, 2019, the principal balances on notes payable are as follows: Property Original Debt Amount Monthly Payment Balance as of 12/31/2019 Lender Term Interest Rate Loan Maturity MVP San Jose 88 Garage, LLC (5) $1,645,000 Interest Only $2,500,000 Multiple 1 Year 7.50% 6/30/2020 MVP Cincinnati Race Street, LLC $2,550,000 Interest Only $2,550,000 Multiple 1 Year 7.50% 4/19/2020 MVP Wildwood NJ Lot, LLC $1,000,000 Interest Only $1,000,000 Tigges Construction Co. 1 Year 7.50% 4/29/2020 The Parking REIT D&O Insurance $1,681,000 $171,000 $679,000 MetaBank 1 Year 3.60% 4/30/2020 Minneapolis Venture $2,000,000 Interest Only $2,000,000 Multiple 1 Year 8.00% 10/22/2020 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 MVP Memphis Poplar (3) $1,800,000 Interest Only $1,800,000 LoanCore 5 Year 5.38% 3/6/2024 MVP St. Louis (3) $3,700,000 Interest Only $3,700,000 LoanCore 5 Year 5.38% 3/6/2024 Mabley Place Garage, LLC $9,000,000 $44,000 $8,188,000 Barclays 10 year 4.25% 12/6/2024 MVP Houston Saks Garage, LLC $3,650,000 $20,000 $3,262,000 Barclays Bank PLC 10 year 4.25% 8/6/2025 Minneapolis City Parking, LLC $5,250,000 $29,000 $4,797,000 American National Insurance, of NY 10 year 4.50% 5/1/2026 MVP Bridgeport Fairfield Garage, LLC $4,400,000 $23,000 $4,025,000 FBL Financial Group, Inc. 10 year 4.00% 8/1/2026 West 9 th $5,300,000 $30,000 $4,909,000 American National Insurance Co. 10 year 4.50% 11/1/2026 MVP Fort Worth Taylor, LLC $13,150,000 $73,000 $12,208,000 American National Insurance, of NY 10 year 4.50% 12/1/2026 MVP Detroit Center Garage, LLC $31,500,000 $194,000 $29,717,000 Bank of America 10 year 5.52% 2/1/2027 MVP St. Louis Washington, LLC (1) $1,380,000 $8,000 $1,362,000 KeyBank 10 year * 4.90% 5/1/2027 St. Paul Holiday Garage, LLC (1) $4,132,000 $24,000 $4,078,000 KeyBank 10 year * 4.90% 5/1/2027 Cleveland Lincoln Garage, LLC (1) $3,999,000 $23,000 $3,946,000 KeyBank 10 year * 4.90% 5/1/2027 MVP Denver Sherman, LLC (1) $286,000 $2,000 $282,000 KeyBank 10 year * 4.90% 5/1/2027 MVP Milwaukee Arena Lot, LLC (1) $2,142,000 $12,000 $2,114,000 KeyBank 10 year * 4.90% 5/1/2027 MVP Denver Sherman 1935, LLC (1) $762,000 $4,000 $752,000 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 ($1,828,000) $159,120,000 (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 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) 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) 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. (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. (5) Loan in the amount of $2,500,000 was originated on June 5, 2018 of which $1,645,000 was funded. Remaining balance available of $855,000 was funded on December 11, 2018. * 2 Year Interest Only ** 10 Year Interest Only The following table shows notes payable paid in full during the year ended December 31, 2019. Property Original Debt Amount Monthly Payment Balance as of 12/31/2019 Lender Term Interest Rate Loan Maturity MVP PF Ft. Lauderdale 2013, LLC $2,000,000 -- -- Multiple 1 Year 8.00% 6/24/2020 MVP PF Ft. Lauderdale 2013, LLC (1) $4,300,000 $25,000 -- Key Bank 5 Year 4.94% 2/1/2019 The Parking REIT D&O Insurance $390,000 $29,000 -- First Insurance Funding 1 Year 3.70% 4/30/2019 (1) 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 Total interest expense incurred for the years ended December 31, 2019, was approximately $8.6 million. Total loan amortization cost for the year months ended December 31, 2019, was approximately $0.9 million. As of December 31, 2019, future principal payments on notes payable are as follows: 2020 $ 50,183,000 2021 2,058,000 2022 2,252,000 2023 2,498,000 2024 15,283,000 Thereafter 88,674,000 Less unamortized loan issuance costs (1,828,000) Total $ 159,120,000 2018 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% 4/30/2019 MVP San Jose 88 Garage, LLC(5) $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 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. (5) Loan in the amount of $2,500,000 was originated on June 5, 2018 of which $1,645,000 was funded. Remaining balance available of $855,000 was funded on December 11, 2018. * 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 the 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

Fair Value

Fair Value	12 Months Ended
	Dec. 31, 2019
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. 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 former 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. For the years ended December 31, 2019 and 2018, income earned was $218,000 and $205,000, respectively. For the years ended December 31, 2019 and 2018, distributions received were $203,000 and $205,000, 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 former Advisor was the advisor to the Company. The Company is controlled by its independent board of directors and its shareholders. In addition, the former 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 former 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 former 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 former 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, 2019 December 31, 2018 (Unaudited) (Unaudited) ASSETS Investments in real estate and fixed assets $ 11,512,000 $ 11,512,000 Cash 28,000 32,000 Cash – restricted 24,000 15,000 Accounts receivable -- 141,000 Prepaid expenses 10,000 8,000 Total assets $ 11,574,000 $ 11,708,000 LIABILITIES AND EQUITY Liabilities Notes payable, net of unamortized loan issuance costs of approximately $62,000 and $65,000 as of December 31, 2019 and 2018, respectively $ 5,954,000 $ 5,945,000 Accounts payable and accrued liabilities 93,000 63,000 Due to related party 57,000 181,000 Total liabilities 6,104,000 6,189,000 Equity Member’s equity 6,129,000 6,129,000 Offering costs (574,000) (574,000) Accumulated earnings 952,000 606,000 Distributions to members (1,037,000) (642,000) Total equity 5,470,000 5,519,000 Total liabilities and equity $ 11,574,000 $ 11,708,000 Summarized Statements of Operations—Unconsolidated Real Estate Affiliates—Equity Method Investments For the Year Ended December 31, 2019 For the Year Ended December 31, 2018 Revenue $ 738,000 $ 729,000 Expenses (392,000) (348,000) Net income $ 346,000 $ 381,000

Investment In DST

Investment In DST	12 Months Ended
	Dec. 31, 2019
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 former 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, 2019 and 2018 totaled approximately $218,000 and $205,000, 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 former Advisor was the advisor to the Company. The Company is controlled by its independent board of directors and its shareholders. In addition, the former 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 former 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 former 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 former 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, 2019 December 31, 2018 (Unaudited) (Unaudited) ASSETS Investments in real estate and fixed assets $ 11,512,000 $ 11,512,000 Cash 28,000 32,000 Cash – restricted 24,000 15,000 Accounts receivable -- 141,000 Prepaid expenses 10,000 8,000 Total assets $ 11,574,000 $ 11,708,000 LIABILITIES AND EQUITY Liabilities Notes payable, net of unamortized loan issuance costs of approximately $62,000 and $65,000 as of December 31, 2019 and 2018, respectively $ 5,954,000 $ 5,945,000 Accounts payable and accrued liabilities 93,000 63,000 Due to related party 57,000 181,000 Total liabilities 6,104,000 6,189,000 Equity Member’s equity 6,129,000 6,129,000 Offering costs (574,000) (574,000) Accumulated earnings 952,000 606,000 Distributions to members (1,037,000) (642,000) Total equity 5,470,000 5,519,000 Total liabilities and equity $ 11,574,000 $ 11,708,000 Summarized Statements of Operations—Unconsolidated Real Estate Affiliates—Equity Method Investments For the Year Ended December 31, 2019 For the Year Ended December 31, 2018 Revenue $ 738,000 $ 729,000 Expenses (392,000) (348,000) Net income $ 346,000 $ 381,000

Investment in Equity Method Inv

Investment in Equity Method Investee	12 Months Ended
	Dec. 31, 2019
Equity Method Investments and Joint Ventures [Abstract]
Investment in Equity Method Investee	Note O — Investment in Equity Method Investee 2019 During the year ended December 31, 2019, the Company did not have any investments in an equity method investee. 2018 The Company did not have any investment in an equity method investee for the year ended December 31, 2018. Prior to the Merger, the Company held an investment in an equity method investee in the following companies. Upon completion of the Merger on December 15, 2017 these properties were fully consolidated with the Company.

Legal

Legal	12 Months Ended
	Dec. 31, 2019
Commitments and Contingencies Disclosure [Abstract]
Legal	Note P — Legal Federal Action On March 12, 2019, stockholder SIPDA Revocable Trust (“SIPDA”) filed a purported class action complaint in the United States District Court for the District of Nevada, against the Company and certain of its current and former officers and directors. SIPDA filed an Amended Complaint on October 11, 2019. The Amended Complaint purports to assert class action claims on behalf of all public shareholders of the Company and MVP I between August 11, 2017 and April 1, 2019 in connection with the (i) August 2017 proxy statements filed with the SEC to obtain shareholder approval for the merger of the Company and MVP I (the “proxy statements”), and (ii) August 2018 proxy statement filed with the SEC to solicit proxies for the election of certain directors (the “2018 proxy statement”). The Amended Complaint alleges, among other things, that the 2017 proxy statements failed to disclose that two major reasons for the merger and certain charter amendments implemented in connection therewith were (i) to facilitate the execution of an amended advisory agreement that allegedly was designed to benefit Mr. Shustek financially in the event of an internalization and (ii) to give Mr. Shustek the ability to cause the Company to internalize based on terms set forth in the amended advisory agreement. The Amended Complaint further alleges, among other things, that the 2018 proxy statement failed to disclose the Company’s purported plan to internalize its management function. The Amended Complaint alleges, among other things, (i) that all defendants violated Section 14(a) of the Exchange Act and Rule 14a-9 promulgated thereunder, by disseminating proxy statements that allegedly contain false and misleading statements or omit to state material facts; (ii) that the director defendants violated Section 20(a) of the Exchange Act; and (iii) that the director defendants breached their fiduciary duties to the members of the class and to the Company. The Amended Complaint seeks, among other things, unspecified damages; declaratory relief; and the payment of reasonable attorneys' fees, accountants' and experts' fees, costs and expenses. On June 13, 2019, the court granted SIPDA’s motion for Appointment as Lead Plaintiff. The litigation is still at a preliminary stage. On January 9, 2020, the Company and the Board of Directors moved to dismiss the Amended Complaint. The Company and the Board of Directors have reviewed the allegations in the Amended Complaint and believe the claims asserted against them in the Amended Complaint are without merit and intend to vigorously defend this action. Maryland Actions On May 31, 2019, and June 27, 2019, alleged stockholders filed class action lawsuits alleging direct and derivative claims against the Company, certain of our officers and directors, MVP Realty Advisors, Vestin Realty Mortgage I, and Vestin Realty Mortgage II in the Circuit Court for Baltimore City, captioned Arthur Magowski v. The Parking REIT, Inc., et. al, No. 24-C-19003125 (filed on May 31, 2019) (the “Magowski Complaint”) and Michelle Barene v. The Parking REIT, Inc., et. al, No. 24-C-19003527 (filed on June 27, 2019) (the “Barene Complaint”). The Magowski Complaint asserts purportedly direct claims on behalf of all stockholders (other than the defendants and persons or entities related to or affiliated with any defendant) for breach of fiduciary duty and unjust enrichment arising from the Company’s decision to internalize its advisory function. In this Complaint, Plaintiff Magowski asserts that the stockholders have allegedly been directly injured by the internalization and related transactions. The Barene Complaint asserts both direct and derivative claims for breach of fiduciary duty arising from substantially similar allegations as those contained in the Magowski Complaint. The purportedly direct claims are asserted on behalf of the same class of stockholder as the purportedly direct claims in the Magowski Complaint, and the derivative claims in the Barene Complaint are asserted on behalf of the Company. On September 12 and 16, 2019, the defendants filed motions to dismiss the Magowski and Barene complaints, respectively. The Magowski and Barene Complaints seek, among other things, damages; declaratory relief; equitable relief to reverse and enjoin the internalization transaction; and the payment of reasonable attorneys' fees, accountants' and experts' fees, costs and expenses. The actions are at a preliminary stage. The Company and the board of directors intend to vigorously defend against these lawsuits. The Magowski Complaint also previewed that a stockholder demand would be made on the Board to take action with respect to claims belonging to the Company for the alleged injury to the Company. On June 19, 2019, Magowski submitted a formal demand letter to the Board asserting the same alleged wrongdoing as alleged in the Magowski Complaint and demanding that the Board investigate the alleged wrongdoing and take action to remedy the alleged injury to the Company. The demand includes that claims be initiated against the same defendants as are named in the Magowski Complaint. In response to this stockholder demand letter, on July 16, 2019, the Board established a demand review committee of one independent director to investigate the allegations of wrongdoing made in the letter and to make a recommendation to the Board for a response to the letter. On September 27, 2019, the Board replaced the demand review committee with a special litigation committee. The special litigation committee is responsible for investigating the allegations of wrongdoing made in the letter and making a final determination regarding the response for the Company to the demand. The work of the special litigation committee is on-going. SEC Investigation The Securities and Exchange Commission (“SEC”) is conducting an investigation relating to the Parking REIT. In June 2019, the SEC issued subpoenas to the Company and its chairman and chief executive officer Michael V. Shustek. In connection with each subpoena, the SEC stated that: “this investigation is a non-public, fact-finding inquiry. We are trying to determine whether there have been any violations of the federal securities laws. The investigation and the subpoena do not mean that we have concluded that the recipient of the subpoena or anyone else has violated the law. Also, the investigation does not mean that we have a negative opinion of any person, entity or security.” The Company has received additional requests for information and expects to receive more in the future. The Company and Mr. Shustek intend to cooperate fully with the SEC in this matter. However, the Company cannot predict the outcome or the duration of the SEC investigation or any other legal proceedings or any enforcement actions or other remedies, if any, that may be imposed on Mr. Shustek, the Company or any other entity arising out of the SEC investigation. Nasdaq Notification Regarding Company’s Common Stock Further, Nasdaq has informed the Company that (i) the Company’s common stock will not be approved for listing currently on the Nasdaq Global Market, and (ii) it is highly unlikely that the Company’s common stock would be approved for listing while the SEC investigation is ongoing. There can be no assurance that the Company’s common stock will ever be approved for listing on the Nasdaq Global Market or any other stock exchange, even if the SEC investigation referred to above is completed and no wrongdoing is found and no action is taken in connection therewith against the Company, Mr. Shustek or any other person. 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 2019, 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, 2019 and 2018 is as follows: 2019 2018 Return of Capital - Preferred $ 3,001,000 $ 2,709,000 Capital Gain -- -- Return of Capital - Common -- 1,224,000 $ 3,001,000 $ 3,933,000

Income Taxes and Critical Accou

Income Taxes and Critical Accounting Policy	12 Months Ended
	Dec. 31, 2019
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 2019, 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, 2019, 2018 and 2017 is as follows: 2019 2018 Return of Capital - Preferred $ 3,001,000 $ 2,709,000 Capital Gain -- -- Return of Capital - Common -- 1,224,000 $ 3,001,000 $ 3,933,000

Preferred Stock and Warrants

Preferred Stock and Warrants	12 Months Ended
	Dec. 31, 2019
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, 2019, the increased dividend rate costs 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, 2019, 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, 2019 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. On March 24, 2020, the Company’s board of directors unanimously authorized the suspension of the payment of distributions on the Series A, however, such distributions will continue to accrue in accordance with the terms of the Series A. 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, 2019, the increased dividend rate costs 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, 2019, 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, 2019 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. On March 24, 2020, the Company’s board of directors unanimously authorized the suspension of the payment of distributions on the Series 1, however, such distributions will continue to accrue in accordance with the terms of the Series 1.

Deferred Management Internaliza

Deferred Management Internalization	12 Months Ended
	Dec. 31, 2019
Restructuring and Related Activities [Abstract]
Deferred Management Internalization	Note S — Deferred Management Internalization Management Internalization On March 29, 2019, the Company and the former Advisor entered into definitive agreements to internalize the Company’s management function effective April 1, 2019 (the “Internalization”). Since their formation, under the supervision of the board of directors (the “Board of Directors”), the former Advisor has been responsible for managing the operations of the Company and MVP I, which merged with a wholly owned indirect subsidiary of the Company in December 2017. As part of the Internalization, among other things, the Company agreed with the former Advisor to (i) terminate the Second Amended and Restated Advisory Agreement, dated as of May 26, 2017 and, for the avoidance of doubt, the Third Amended and Restated Advisory Agreement, dated as of September 21, 2018, which by its terms would have become effective only upon a listing of the Company’s common stock on a national securities exchange (collectively, the “Management Agreements”), each entered into among the Company, the former Advisor and MVP REIT II Operating Partnership, LP (the “Operating Partnership”); (ii) extend employment to the executives and other employees of the former Advisor; (iii) arrange for the former Advisor to continue to provide certain services with respect to outstanding indebtedness of the Company and its subsidiaries; and (iv) lease the employees of the former Advisor for a limited period of time prior to the time that such employees become employed by the Company. Contribution Agreement On March 29, 2019, the Company entered into a Contribution Agreement (the “Contribution Agreement”) with the former Advisor, Vestin Realty Mortgage I, Inc. (“VRTA”) (solely for purposes of Section 1.01(c) thereof), Vestin Realty Mortgage II, Inc. (“VRTB”) (solely for purposes of Section 1.01(c) thereof) and Shustek (solely for purposes of Section 4.03 thereof). In exchange for the Contribution, the Company agreed to issue to the former Advisor 1,600,000 shares of Common Stock as consideration (the “Internalization Consideration”), issuable in four equal installments. The first and second installments of 400,000 shares of Common Stock per installment were issued on April 1, 2019 and December 31, 2019, respectively. The remaining installments will be issued on December 31, 2020 and December 31, 2021 (or if December 31st is not a business day, the day that is the last business day of such year). If requested by the Company in connection with any contemplated capital raise by the Company, the former Advisor has agreed not to sell, pledge or otherwise transfer or dispose of any of the Internalization Consideration for a period not to exceed the lock-up period that otherwise would apply to other stockholders of the Company in connection with such capital raise. See the Current Report on Form 8-K filed with the SEC on April 3, 2019 and Contribution Agreement Management’s Discussion and Analysis of Financial Condition and Results of Operations The Internalization transaction closed on April 1, 2019, and the following table shows the Internalization Consideration to be paid in aggregate to the former Advisor. The first and second installment of 400,000 shares of Common Stock per installment were issued to the former Advisor on April 1, 2019 and December 31, 2019, respectively. Number of shares Internalization Contribution Internalization consideration in common stock at $17.50 1,100,000 (1) $ 19,250,000 Internalization consideration in common stock at $25.10 500,000 (2) 12,550,000 Total internalization consideration 1,600,000 $ 31,800,000 Internalization consideration issued April 1, 2019 at $17.50 (400,000) (7,000,000) Shares issued December 31, 2019 at $17.50 (400,000) (7,000,000) Deferred management internalization at December 31, 2019 800,000 $ 17,800,000 1) The Company has the right to purchase 1,100,000 of these shares at $17.50 per share which potentially limits the cost to the Company. 2) $25.10 is the Company's stated NAV as of May 28, 2019.

Employee Benefit Plan

Employee Benefit Plan	12 Months Ended
	Dec. 31, 2019
Retirement Benefits [Abstract]
Employee Benefit Plan	Note T— Employee Benefit Plan Effective July 1, 2019, the Company began participating in a multi-employer 401(k) Safe Harbor Plan (the “Plan”), which is a defined contribution plan covering all eligible employees. Under the provisions of the Plan, participants may direct the Company to defer a portion of their compensation to the Plan, subject to Internal Revenue Code limitations. The Company provides for an employer matching contribution equal to 100% of the first 3% of eligible compensation and 50% of the next 2% of eligible compensation contributed by each employee, which is funded in cash. All contributions vest immediately. Total expense recorded for the matching 401(k) contribution in the year ended December 31, 2019 was approximately $12,000. There was no similar expense for the year ended December 31, 2018.

Subsequent Events

Subsequent Events	12 Months Ended
	Dec. 31, 2019
Subsequent Events [Abstract]
Subsequent Events	Note U — Subsequent Events On March 24, 2020, the Company’s board of directors unanimously authorized the suspension of the payment of distributions on the Series A and Series 1, however, such distributions will continue to accrue in accordance with the terms of the Series A and Series 1. The recent COVID-19 pandemic has resulted in reduced discretionary spending, reduced travel and other activity. In particular, many of the Company’s properties are located near government buildings and sports centers, which depend in large part on customer traffic, and conditions that lead to a decline in customer traffic will have a material and adverse impact on those businesses. Many state and local governments are currently restricting public gatherings or requiring people to shelter in place, which has in some cases eliminated or severely reduced the demand for parking. Such events are adversely impacting and may continue to adversely impact the Company’s tenants’ sales and/or cause the temporary closure of the Company’s tenants’ businesses, which could significantly disrupt or cause a closure of their operations and, in turn, may impact or eliminate the rental revenue the Company generates from its leases with them. The Company’s rental revenue and the return on its investments may be materially adversely affected by restrictions requiring people to shelter in place in reaction to the COVID-19 outbreak and may continue to be materially adversely affected to the extent that economic conditions result in the elimination of jobs or the migration of jobs from the urban centers where the Company’s parking facilities are situated to other locations. In particular, a majority of the Company’s property leases call for additional percentage rent, which will be adversely impacted by a decline in the demand for parking. The Company is in preliminary discussions with some of its tenants and currently expects to grant relief to some of its tenants to defer rent payments as a result of their estimated lost revenues from the current COVID-19 pandemic; however, there can be no assurance the Company will reach an agreement with any tenant or if an agreement is reached, that any such tenant will be able to repay any such deferred rent in the future. The extent of the impact of COVID-19 on the Company’s financial and operational performance will depend on certain developments, including the duration and spread of the outbreak and its impact on the Company’s tenants, all of which are uncertain and cannot be predicted. The extent to which COVID-19 may impact the Company’s financial condition or results of operations cannot be determined at this time.

Schedule III - Real Estate and

Schedule III - Real Estate and Accumulated Depreciation	12 Months Ended
	Dec. 31, 2019
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, 2019 Initial Cost Cost Capitalized Subsequent to Acquisition Gross Carrying Amount at December 31, 2019 Description ST Encumbrance Land Buildings and Improvements Improvements Carrying Costs Land Building and Improvements Total Accumulated Depreciation (1) Date Acquired Life on which depr in latest statement is computed West 9th Street (2) OH $ 4,909,000 $ 5,675,000 $ -- $ 170,000 $ -- $ 5,845,000 $ -- $ 5,845,000 $ 24,000 2016 15 Crown Colony (2) OH -- 3,030,000 -- 18,000 -- 3,048,000 -- 3,048,000 4,000 2016 15 San Jose(4) CA 2,500,000 1,073,000 2,503,000 268,000 -- 977,000 2,523,000 3,500,000 212,000 2016 39,15 MCI 1372 Street OH -- 700,000 -- -- -- 700,000 -- 700,000 -- 2016 N/A Cincinnati Race Street OH 2,550,000 2,142,000 2,358,000 1,832,000 -- 2,142,000 4,190,000 6,332,000 411,000 2016 39,15 St Louis Washington MO 1,362,000 3,000,000 -- 7,000 -- 2,957,000 -- 2,957,000 1,000 2016 15 St Paul Holiday Garage MN 4,077,000 1,673,000 6,527,000 196,000 -- 1,673,000 6,723,000 8,396,000 593,000 2016 39,15 Louisville Station KY 1,682,000 3,050,000 -- -- -- 3,107,000 -- 3,107,000 10,000 2016 15 Whitefront Garage TN 6,454,000 3,116,000 8,380,000 -- -- 3,116,000 8,556,000 11,672,000 727,000 2016 39,15 Cleveland Lincoln Garage OH 3,946,000 2,195,000 5,122,000 3,332,000 -- 2,195,000 8,454,000 10,649,000 664,000 2016 39,15 Houston Preston TX 1,627,000 2,800,000 -- -- -- 2,820,000 -- 2,820,000 3,000 2016 15 Houston San Jacinto TX 1,820,000 3,200,000 -- -- -- 3,250,000 -- 3,250,000 8,000 2016 15 MVP Detroit Center Garage MI 29,717,000 7,000,000 48,000,000 477,000 -- 7,000,000 48,476,000 55,476,000 3,699,000 2017 39,15 St. Louis Broadway MO 1,671,000 2,400,000 -- -- -- 2,400,000 -- 2,400,000 -- 2017 N/A St. Louis Seventh & Cerre MO 2,057,000 3,300,000 -- -- -- 3,300,000 -- 3,300,000 -- 2017 N/A MVP Preferred Parking TX 11,330,000 15,800,000 4,700,000 710,000 -- 15,800,000 5,410,000 21,210,000 362,000 2017 39,15 MVP Raider Park Garage TX 7,400,000 1,960,000 9,040,000 2,517,000 -- 2,006,000 11,511,000 13,517,000 534,000 2017 39,15 MVP PF Memphis Poplar 2013 TN 1,800,000 3,735,000 -- 13,000 -- 3,748,000 -- 3,748,000 83,000 2017 15 MVP PF St. Louis 2013 MO 3,700,000 5,145,000 -- -- 5,145,000 -- 5,145,000 118,000 2017 15 Mabley Place Garage OH 8,188,000 1,585,000 19,557,000 43,000 -- 1,592,000 19,593,000 21,185,000 1,168,000 2017 39,15 MVP Denver Sherman CO 282,000 705,000 -- -- -- 705,000 -- 705,000 -- 2017 N/A MVP Fort Worth Taylor TX 12,208,000 2,845,000 24,813,000 5,000 -- 2,845,000 24,818,000 27,663,000 1,397,000 2017 39,15 MVP Milwaukee Old World WI -- 2,044,000 -- -- -- 2,044,000 -- 2,044,000 46,000 2017 15 MVP Houston Saks Garage TX 3,262,000 4,931,000 5,460,000 37,000 -- 4,931,000 5,492,000 10,423,000 341,000 2017 39,15 MVP Milwaukee Wells WI 2,700,000 4,873,000 -- -- -- 5,083,000 -- 5,083,000 57,000 2017 15 MVP Wildwood NJ Lot NJ 1,000,000 1,631,000 -- -- -- 1,231,000 -- 1,231,000 -- 2017 N/A MVP Indianapolis City Park IN 7,200,000 2,055,000 8,764,000 114,000 -- 2,056,000 8,878,000 10,934,000 612,000 2017 39,15 MVP Indianapolis WA Street Lot IN 3,400,000 5,749,000 -- -- -- 5,749,000 -- 5,749,000 45,000 2017 15 MVP Minneapolis Venture MN 2,000,000 6,543,000 -- -- -- 4,012,000 -- 4,012,000 -- 2017 N/A MVP Indianapolis Meridian Lot IN 938,000 1,601,000 -- -- -- 1,601,000 -- 1,601,000 10,000 2017 15 MVP Milwaukee Clybourn WI -- 262,000 -- -- -- 262,000 -- 262,000 5,000 2017 15 MVP Milwaukee Arena WI 2,114,000 4,632,000 -- -- -- 4,631,000 -- 4,631,000 -- 2017 N/A MVP Clarksburg Lot WV -- 715,000 -- -- -- 715,000 -- 715,000 10,000 2017 15 MVP Denver Sherman 1935 CO 752,000 2,534,000 -- -- -- 2,533,000 -- 2,533,000 -- 2017 N/A MVP Bridgeport Fairfield Garage CT 4,025,000 498,000 7,758,000 -- -- 498,000 7,758,000 8,256,000 465,000 2017 39,15 Minneapolis City Parking MN 4,797,000 9,838,000 -- -- -- 9,338,000 -- 9,338,000 178,000 2017 15 MVP New Orleans Rampart LA 5,300,000 8,105,000 -- -- -- 8,105,000 -- 8,105,000 -- 2018 N/A MVP Hawaii Marks HI 13,500,000 9,118,000 11,716,000 294,000 -- 9,118,000 12,010,000 21,128,000 475,000 2018 39,15 $ 160,268,000 $ 141,258,000 $ 164,698,000 $ 10,033,000 $ -- $ 138,278,000 $ 174,392,000(3) $ 312,670,000(4) $ 12,262,000 (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) These properties are held by West 9 th (3) This amount does not include CIP of approximately $0.7 million. (4) San Jose is listed as Held for Sale and includes approximately $0.2 million of accumulated depreciation. (5) The aggregate gross cost of property included above for federal income tax purposes approximated $300.4 million as of December 31, 2019. The following table reconciles the historical cost of total real estate held for investment for the years ended December 31, 2019 and 2018. 2019 2018 Total real estate held for investment, inception (prior) $ 315,101,000 $ 287,052,000 Additions during period: Acquisitions -- 33,166,000 Improvements 2,895,000 5,068,000 Deductions during period: Dispositions (3,874,000) -- Impairments (1,452,000) (10,185,000) Total real estate held for investment, end of year (1) $ 312,670,000 $ 315,101,000 (1) This amount does not include investments in software and construction in progress totaling approximately $0.7 million as of December 31, 2019 and approximately $1.9 million as of December 31, 2018. The following table reconciles the accumulated depreciation for the years ended December 31, 2019 and 2018. 2019 2018 Accumulated depreciation, inception (prior) $ 7,110,000 $ 2,231,000 Deductions during period: -- (38,000) Depreciation and amortization of real estate 5,152,000 4,917,000 Accumulated depreciation, end of year (1) $ 12,262,000 $ 7,110,000 (1) San Jose is listed as Held for Sale and includes approximately $0.2 million of accumulated depreciation.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2019
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.
Liquidity Matters	Liquidity Matters The Company has incurred net losses since its inception and anticipates net losses and negative operating cash flows for the near future. For the year ended December 31, 2019, the Company had a net loss of $42.6 million which included $31.8 million of non-cash consideration by issuance of its common shares to the former Advisor in connection with the Internalization. See Note S – Deferred Management Internalization Management has implemented the following plan to address the Company’s liquidity over the next twelve months plus a day from the filing of this Annual Report: · The Company has received unsolicited offers, from third parties, to purchase properties and executed a PSA for the sale of the San Jose garage on February 25, 2020 from a third-party buyer. The buyer’s earnest money deposit became nonrefundable on March 27, 2020. See Note J – Assets Held for Sale · On March 24, 2020, the Company’s board of directors unanimously authorized the suspension of the payment of distributions on the Series A, however, such distributions will continue to accrue in accordance with the terms of the Series A to preserve funds for operations. · On March 24, 2020, the Company’s board of directors unanimously authorized the suspension of the payment of distributions on the Series 1, however, such distributions will continue to accrue in accordance with the terms of the Series 1 to preserve funds for operations. · The Company is in preliminary discussions with its lenders, including Bank of America, to obtain waivers from certain liquidity requirements and defer payments due under its loans in light of the current economic conditions. However, there can be no assurance that the Company will reach any such agreement with its lenders. · The Company expects to allow its tenants to defer their base rent payments due to the Company under its leases with its tenants, in order to assist tenants with the impact of the current COVID-19 pandemic. · The Company intends to apply for available SBA loans, for companies with 500 or less employees, under the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) signed by President Trump on March 27, 2020. Based on the Company’s current business plan, the Company believes its existing cash, projected cash collections and cash inflows will be sufficient to meet its anticipated cash requirements for at least twelve months after the December 31, 2019 financial statements are issued.
Consolidation	Consolidation The Company’s consolidated financial statements include its accounts, the accounts of the Company’s assets that were sold during 2019 and 2018 (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, 2019 and 2018. MVP PF Ft. Lauderdale 2013, LLC Minneapolis City Parking, LLC MVP St. Paul Holiday Garage, LLC MVP PF Memphis Poplar 2013, LLC MVP Minneapolis Venture, LLC MVP Louisville Station Broadway, LLC MVP PF Memphis Court 2013, LLC MVP Indianapolis Meridian Lot, LLC White Front Garage Partners, LLC MVP PF St. Louis 2013, LLC MVP Milwaukee Clybourn, LLC Cleveland Lincoln Garage, LLC Mabley Place Garage, LLC MVP Milwaukee Arena Lot, LLC MVP Houston Preston, LLC MVP Denver Sherman, LLC MVP Clarksburg Lot, LLC MVP Houston San Jacinto Lot, LLC MVP Fort Worth Taylor, LLC MVP Denver Sherman 1935, LLC MVP Detroit Center Garage, LLC MVP Milwaukee Old World, LLC MVP Bridgeport Fairfield Garage, LLC St. Louis Broadway, LLC MVP Houston Saks Garage, LLC West 9 th St. Louis Seventh & Cerre, LLC MVP Milwaukee Wells, LLC MVP San Jose 88 Garage, LLC MVP Preferred Parking, LLC MVP Wildwood NJ Lot, LLC MCI 1372 Street, LLC MVP Raider Park Garage, LLC MVP Indianapolis City Park, LLC MVP Cincinnati Race Street, LLC MVP New Orleans Rampart, LLC MVP Indianapolis WA Street Lot, LLC MVP St. Louis Washington, LLC MVP Hawaii Marks Garage, 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 The Company had fifteen parking tenants as of December 31, 2019 and 2018. One tenant, SP Plus Corporation (Nasdaq: SP) (“SP+”), represented 60.8% of the Company’s base parking rental revenue for the year ended December 31, 2019. SP+ is one of the largest providers of parking management in the United States. As of December 31, 2019, SP+ managed approximately 3,100 locations in North America. Below is a table that summarizes parking rent by tenant: For the Years Ended December 31, Parking Tenant 2019 2018 SP + 60.8% 57.3% Premier Parking 14.8% 17.1% ISOM Mgmt 3.9% 4.3% ABM 3.9% 4.6% Interstate Parking 2.9% 2.8% 342 N. Rampart 2.9% 2.6% Denison 2.7% 2.5% Lanier 2.4% 2.4% St. Louis Parking 2.0% 2.2% Premium Parking 1.2% -- TNSH, LLC 1.1% 0.6% Riverside Parking 0.9% 1.0% BEST PARK 0.2% 1.5% Denver School 0.2% 0.2% Secure 0.1% 0.1% PCAM, LLC -- 0.8% * 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, 2019 and 2018, as well as concentrations in various cities based on the real estate the Company owned as of December 31, 2019 and 2018. The below tables summarize this information by city. City Concentration for Parking Rental Revenue For the Years Ended December 31, 2019 2018 Detroit 22.6% 18.2% Houston 11.7% 13.3% Cincinnati 9.3% 9.2% Fort Worth 7.0% 8.1% Indianapolis 6.1% 6.5% Cleveland 5.8% 5.3% St. Louis 5.0% 5.4% Honolulu 4.3% 2.6% Lubbock 3.9% 4.2% Milwaukee 3.7% 3.7% Minneapolis 3.6% 4.3% Nashville 3.1% 3.5% St Paul 2.9% 2.7% New Orleans 2.9% 2.7% San Jose 2.0% 2.4% Bridgeport 1.9% 2.3% Memphis 1.4% 1.6% Louisville 0.9% 1.0% Denver 0.7% 0.8% Ft. Lauderdale 0.4% 0.6% Wildwood 0.3% 0.4% Clarksburg 0.3% 0.3% Canton 0.2% 0.3% Kansas City -- 0.6% Real Estate Investment Concentration by City As of December 31, 2019 2018 Detroit 17.7% 17.6% Houston 12.1% 11.9% Fort Worth 8.8% 8.8% Cincinnati 8.8% 8.7% Honolulu 6.8% 6.7% Cleveland 6.3% 6.2% Indianapolis 5.8% 5.8% St Louis 4.4% 4.4% Minneapolis 4.3% 4.4% Lubbock 4.3% 3.5% Milwaukee 3.9% 3.8% Nashville 3.7% 3.7% St Paul 2.7% 2.7% Bridgeport 2.6% 2.6% New Orleans 2.6% 2.6% Memphis 1.3% 1.5% San Jose 1.1% 1.2% Denver 1.0% 1.0% Louisville 1.0% 1.0% Wildwood 0.4% 0.4% Clarksburg 0.2% 0.2% Canton 0.2% 0.2% Fort Lauderdale -- 1.1%
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 approximately $1.5 million for the year ended December 31, 2019. These impairment charges consisted of $558,000 associated with the Memphis Court lot, $344,000 associated with the San Jose 88 garage, $50,000 associated with the St. Louis Washington lot and $500,000 associated with the Minneapolis City lot. These charges were recorded to write down the carrying value of these assets to their current appraised values net of estimated closing costs. The appraisals were performed by independent third-party appraisers primarily using the income approach based on the contracted rent to be received from the operator (i.e. leased fee for St. Louis and San Jose) and the fee simple method for Memphis Court. The Company recorded impairment charges of $600,000 for the year ended December 31, 2018. The impairment charges consisted of $400,000 associated with the Wildwood NJ Lot and $200,000 associated with the Memphis Court lot. 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.
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, 2019, and 2018, the Company had approximately $2.7 million and $0.5 million, respectively, in excess of the federally insured limits. As of December 31, 2019, 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, 2019 and 2018, 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 former 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 former Advisor’s employees and employees of the former 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 Commencing with its taxable year ended December 31, 2017, the Company has operated in a manner to qualify as a REIT under Sections 856 to 860 of the Code. 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. The Company’s REIT taxable income may substantially exceed or be less than the income calculated according to GAAP. In addition, the Company will be subjected to corporate income tax to the extent that less than 100% of the net taxable income is distributed, including any net capital gain. 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, 2019. 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 its stockholders and therefore may not realize any benefit from deferred tax assets arising during 2019 or any prior period in which a valid REIT election was in effect. The Company intends to distribute at least 100% of its taxable income annually and intends to do so for the tax year ended December 31, 2019 and in all future periods. The Company has placed a full valuation allowance on all of its deferred tax assets, and thus no 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, 2019 and 2018. 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. As of December 31, 2019, there were 2,862 shares of the Series A Convertible Redeemable Preferred Stock issued and outstanding. As of filing date, the Company has not received any requests to convert. 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. As of December 31, 2019, there were 39,811 shares of the Series 1 Convertible Redeemable Preferred Stock issued and outstanding. As of filing date, the Company has not received any requests to convert. 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 the net asset value per share of the Company’s common stock; provided that if a “Listing Event” (as defined in the applicable articles supplementary) occurs, the conversion price will be 100% 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. 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.
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, 2019
Tenant Concentration [Member]
Concentration by Risk Type	For the Years Ended December 31, Parking Tenant 2019 2018 SP + 60.8% 57.3% Premier Parking 14.8% 17.1% ISOM Mgmt 3.9% 4.3% ABM 3.9% 4.6% Interstate Parking 2.9% 2.8% 342 N. Rampart 2.9% 2.6% Denison 2.7% 2.5% Lanier 2.4% 2.4% St. Louis Parking 2.0% 2.2% Premium Parking 1.2% -- TNSH, LLC 1.1% 0.6% Riverside Parking 0.9% 1.0% BEST PARK 0.2% 1.5% Denver School 0.2% 0.2% Secure 0.1% 0.1% PCAM, LLC -- 0.8%
City Concentration [Member]
Concentration by Risk Type	City Concentration for Parking Rental Revenue For the Years Ended December 31, 2019 2018 Detroit 22.6% 18.2% Houston 11.7% 13.3% Cincinnati 9.3% 9.2% Fort Worth 7.0% 8.1% Indianapolis 6.1% 6.5% Cleveland 5.8% 5.3% St. Louis 5.0% 5.4% Honolulu 4.3% 2.6% Lubbock 3.9% 4.2% Milwaukee 3.7% 3.5% Minneapolis 3.6% 4.3% Nashville 3.1% 3.7% St Paul 2.9% 2.7% New Orleans 2.9% 2.7% San Jose 2.0% 2.4% Bridgeport 1.9% 2.3% Memphis 1.4% 1.6% Louisville 0.9% 1.0% Denver 0.7% 0.8% Ft. Lauderdale 0.4% 0.6% Wildwood 0.3% 0.4% Clarksburg 0.3% 0.3% Canton 0.2% 0.3% Kansas City -- 0.6%
Real Estate Investment Concentration [Member]
Concentration by Risk Type	Real Estate Investment Concentration by City As of December 31, 2019 2018 Detroit 17.7% 17.6% Houston 12.1% 11.9% Fort Worth 8.8% 8.8% Cincinnati 8.8% 8.7% Honolulu 6.8% 6.7% Cleveland 6.3% 6.2% Indianapolis 5.8% 5.8% St Louis 4.4% 4.4% Minneapolis 4.3% 4.4% Lubbock 4.3% 3.5% Milwaukee 3.9% 3.8% Nashville 3.7% 3.7% St Paul 2.7% 2.7% Bridgeport 2.6% 2.6% New Orleans 2.6% 2.6% Memphis 1.3% 1.5% San Jose 1.1% 1.2% Denver 1.0% 1.0% Louisville 1.0% 1.0% Wildwood 0.4% 0.4% Clarksburg 0.2% 0.2% Canton 0.2% 0.2% Fort Lauderdale -- 1.1%

Investments in Real Estate (Tab

Investments in Real Estate (Tables)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
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 + 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 $6,331,000 SP + MVP St. Louis Washington St Louis, MO 7/18/2016 Lot 63 0.39 N/A $2,957,000 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 / iPark Cleveland Lincoln Garage Owners Cleveland, OH 10/19/2016 Garage 536 1.14 45,272 $10,649,000 SP + MVP Houston Preston Lot Houston, TX 11/22/2016 Lot 46 0.23 N/A $2,820,000 Premier / iPark MVP Houston San Jacinto Lot Houston, TX 11/22/2016 Lot 85 0.65 240 $3,250,000 Premier / iPark 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 $21,210,000 Premier / iPark MVP Raider Park Garage Lubbock, TX 11/21/2017 Garage 1,495 2.15 20,536 $13,517,000 ISOM Management MVP PF Memphis Poplar Memphis, TN 12/15/2017 Lot 127 0.87 N/A $3,747,000 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 $10,423,000 Premier / iPark 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 $4,013,000 N/A Minneapolis City Parking Minneapolis, MN 12/15/2017 Lot 268 1.98 N/A $9,338,000 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 21,127,000 SP + Construction in progress $714,000 Total Investment in real estate and fixed assets $309,885,000	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 $5,845,000 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 Total Investment in real estate and fixed assets $316,973,000

Acquisitions (Tables)

Acquisitions (Tables)	12 Months Ended
	Dec. 31, 2018
Business Combinations [Abstract]
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
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
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 Revenues from continuing operations $ 22,593,000 Net income (loss) from continuing operations $ (4,508,000) Net income (loss) from continuing operations per share – basic $ (0.69) Net income (loss) from continuing operations per share – diluted $ (0.69)

Assets Held For Sale (Tables)

Assets Held For Sale (Tables) - San Jose 88 Garage, LLC [Member]	12 Months Ended
	Dec. 31, 2019
Summary Of Net Assets Held For Sale	December 31, 2019 December 31, 2018 Assets: Prepaid expenses $ 42,000 $ 8,000 Property and equipment, net of accumulated depreciation 3,288,000 3,844,000 Total assets $ 3,330,000 $ 3,852,000 Liabilities: Notes payable $ 2,500,000 $ 2,500,000 Accounts payable and accrued liabilities 47,000 195,000 Total liabilities 2,547,000 2,695,000 Net assets held for sale $ 783,000 $ 1,157,000
Summary Of The Results Of Operations Related To The Assets Held For Sale	2019 2018 Revenue $ 450,000 $ 474,000 Expenses * 842,000 419,000 Income/(loss) from assets held for sale, net of income taxes $ (392,000) $ 55,000

Disposition of Investments in R

Disposition of Investments in Real Estate (Tables)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Ft. Lauderdale [Member]
Summary of the Results of Operations	For the Years Ended December 13, 2019 2018 Revenue $ 136,000 $ 130,000 Expenses (116,000) (167,000) Income (loss) from disposed assets, net of income taxes $ 20,000 $ (37,000)
Memphis Court [Member]
Summary of the Results of Operations	For the Years Ended December 31, 2019 2018 Revenue $ 4,000 $ 12,000 Expenses * 563,000 3,000 Income/(loss) from assets held for sale, net of income taxes $ (559,000) $ 9,000
St. Louis [Member]
Summary of the Results of Operations		For the Years Ended December 31, 2018 Revenue $ 312,000 Expenses (52,000) Income from disposed assets, net of income taxes $ 260,000
Kansas City [Member]
Summary of the Results of Operations		For the Years Ended December 31, 2018 Revenue $ 107,000 Expenses (24,000) Income from disposed assets, net of income taxes $ 83,000
Minneapolis [Member]
Summary of the Results of Operations		For the Years Ended December 31, 2018 Revenue $ -- Expenses (270,000) Gain/(Loss) from disposed assets, net of income taxes $ (270,000)

Notes Payable (Tables)

Notes Payable (Tables)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Debt Disclosure [Abstract]
Schedule Of Debt	Property Original Debt Amount Monthly Payment Balance as of 12/31/2019 Lender Term Interest Rate Loan Maturity MVP San Jose 88 Garage, LLC $1,645,000 Interest Only $2,500,000 Multiple 1 Year 7.50% 6/30/2020 MVP Cincinnati Race Street, LLC $2,550,000 Interest Only $2,550,000 Multiple 1 Year 7.50% 4/19/2020 MVP Wildwood NJ Lot, LLC $1,000,000 Interest Only $1,000,000 Tigges Construction Co. 1 Year 7.50% 4/29/2020 The Parking REIT D&O Insurance $1,681,000 $171,000 $679,000 MetaBank 1 Year 3.60% 4/30/2020 Minneapolis Venture $2,000,000 Interest Only $2,000,000 Multiple 1 Year 8.00% 10/22/2020 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 MVP Memphis Poplar (3) $1,800,000 Interest Only $1,800,000 LoanCore 5 Year 5.38% 3/6/2024 MVP St. Louis (3) $3,700,000 Interest Only $3,700,000 LoanCore 5 Year 5.38% 3/6/2024 Mabley Place Garage, LLC $9,000,000 $44,000 $8,188,000 Barclays 10 year 4.25% 12/6/2024 MVP Houston Saks Garage, LLC $3,650,000 $20,000 $3,262,000 Barclays Bank PLC 10 year 4.25% 8/6/2025 Minneapolis City Parking, LLC $5,250,000 $29,000 $4,797,000 American National Insurance, of NY 10 year 4.50% 5/1/2026 MVP Bridgeport Fairfield Garage, LLC $4,400,000 $23,000 $4,025,000 FBL Financial Group, Inc. 10 year 4.00% 8/1/2026 West 9 th $5,300,000 $30,000 $4,909,000 American National Insurance Co. 10 year 4.50% 11/1/2026 MVP Fort Worth Taylor, LLC $13,150,000 $73,000 $12,208,000 American National Insurance, of NY 10 year 4.50% 12/1/2026 MVP Detroit Center Garage, LLC $31,500,000 $194,000 $29,717,000 Bank of America 10 year 5.52% 2/1/2027 MVP St. Louis Washington, LLC (1) $1,380,000 $8,000 $1,362,000 KeyBank 10 year * 4.90% 5/1/2027 St. Paul Holiday Garage, LLC (1) $4,132,000 $24,000 $4,078,000 KeyBank 10 year * 4.90% 5/1/2027 Cleveland Lincoln Garage, LLC (1) $3,999,000 $23,000 $3,946,000 KeyBank 10 year * 4.90% 5/1/2027 MVP Denver Sherman, LLC (1) $286,000 $2,000 $282,000 KeyBank 10 year * 4.90% 5/1/2027 MVP Milwaukee Arena Lot, LLC (1) $2,142,000 $12,000 $2,114,000 KeyBank 10 year * 4.90% 5/1/2027 MVP Denver Sherman 1935, LLC (1) $762,000 $4,000 $752,000 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 ($1,828,000) $159,120,000	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% 4/30/2019 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 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
Notes Payable Paid in Full In Period	Property Original Debt Amount Monthly Payment Balance as of 12/31/2019 Lender Term Interest Rate Loan Maturity MVP PF Ft. Lauderdale 2013, LLC $2,000,000 -- -- Multiple 1 Year 8.00% 6/24/2020 MVP PF Ft. Lauderdale 2013, LLC (1) $4,300,000 $25,000 -- Key Bank 5 Year 4.94% 2/1/2019 The Parking REIT D&O Insurance $390,000 $29,000 -- First Insurance Funding 1 Year 3.70% 4/30/2019	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
Future Principal Payments On The Notes Payable	2020 $ 50,183,000 2021 2,058,000 2022 2,252,000 2023 2,498,000 2024 15,283,000 Thereafter 88,674,000 Less unamortized loan issuance costs (1,828,000) Total $ 159,120,000	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

Investment In DST (Tables)

Investment In DST (Tables)	12 Months Ended
	Dec. 31, 2019
Investment In DST [Member]
Summarized Financial Information	December 31, 2019 December 31, 2018 (Unaudited) (Unaudited) ASSETS Investments in real estate and fixed assets $ 11,512,000 $ 11,512,000 Cash 28,000 32,000 Cash – restricted 24,000 15,000 Accounts receivable -- 141,000 Prepaid expenses 10,000 8,000 Total assets $ 11,574,000 $ 11,708,000 LIABILITIES AND EQUITY Liabilities Notes payable, net of unamortized loan issuance costs of approximately $62,000 and $65,000 as of December 31, 2019 and 2018, respectively $ 5,954,000 $ 5,945,000 Accounts payable and accrued liabilities 93,000 63,000 Due to related party 57,000 181,000 Total liabilities 6,104,000 6,189,000 Equity Member’s equity 6,129,000 6,129,000 Offering costs (574,000) (574,000) Accumulated earnings 952,000 606,000 Distributions to members (1,037,000) (642,000) Total equity 5,470,000 5,519,000 Total liabilities and equity $ 11,574,000 $ 11,708,000 Summarized Statements of Operations—Unconsolidated Real Estate Affiliates—Equity Method Investments For the Year Ended December 31, 2019 For the Year Ended December 31, 2018 Revenue $ 738,000 $ 729,000 Expenses (392,000) (348,000) Net income $ 346,000 $ 381,000

Income Taxes and Critical Acc_2

Income Taxes and Critical Accounting Policy (Tables)	12 Months Ended
	Dec. 31, 2019
Income Tax Disclosure [Abstract]
Tax Treatment of Distributions	2019 2018 Return of Capital - Preferred $ 3,001,000 $ 2,709,000 Capital Gain -- -- Return of Capital - Common -- 1,224,000 $ 3,001,000 $ 3,933,000

Deferred Management Internali_2

Deferred Management Internalization (Tables)	12 Months Ended
	Dec. 31, 2019
Restructuring and Related Activities [Abstract]
Internalization Consideration	Number of shares Internalization Contribution Internalization consideration in common stock at $17.50 1,100,000 (1) $ 19,250,000 Internalization consideration in common stock at $25.10 500,000 (2) 12,550,000 Total internalization consideration 1,600,000 $ 31,800,000 Internalization consideration issued April 1, 2019 at $17.50 (400,000) (7,000,000) Shares issued December 31, 2019 at $17.50 (400,000) (7,000,000) Deferred management internalization at December 31, 2019 800,000 $ 17,800,000

Schedule III - Real Estate an_2

Schedule III - Real Estate and Accumulated Depreciation (Tables)	12 Months Ended
	Dec. 31, 2019
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 Cost Capitalized Subsequent to Acquisition Gross Carrying Amount at December 31, 2019 Description ST Encumbrance Land Buildings and Improvements Improvements Carrying Costs Land Building and Improvements Total Accumulated Depreciation (1) Date Acquired Life on which depr in latest statement is computed West 9th Street (2) OH $ 4,909,000 $ 5,675,000 $ -- $ 170,000 $ -- $ 5,845,000 $ -- $ 5,845,000 $ 24,000 2016 15 Crown Colony (2) OH -- 3,030,000 -- 18,000 -- 3,048,000 -- 3,048,000 4,000 2016 15 San Jose(4) CA 2,500,000 1,073,000 2,503,000 268,000 -- 977,000 2,523,000 3,500,000 212,000 2016 39,15 MCI 1372 Street OH -- 700,000 -- -- -- 700,000 -- 700,000 -- 2016 N/A Cincinnati Race Street OH 2,550,000 2,142,000 2,358,000 1,832,000 -- 2,142,000 4,190,000 6,332,000 411,000 2016 39,15 St Louis Washington MO 1,362,000 3,000,000 -- 7,000 -- 2,957,000 -- 2,957,000 1,000 2016 15 St Paul Holiday Garage MN 4,077,000 1,673,000 6,527,000 196,000 -- 1,673,000 6,723,000 8,396,000 593,000 2016 39,15 Louisville Station KY 1,682,000 3,050,000 -- -- -- 3,107,000 -- 3,107,000 10,000 2016 15 Whitefront Garage TN 6,454,000 3,116,000 8,380,000 -- -- 3,116,000 8,556,000 11,672,000 727,000 2016 39,15 Cleveland Lincoln Garage OH 3,946,000 2,195,000 5,122,000 3,332,000 -- 2,195,000 8,454,000 10,649,000 664,000 2016 39,15 Houston Preston TX 1,627,000 2,800,000 -- -- -- 2,820,000 -- 2,820,000 3,000 2016 15 Houston San Jacinto TX 1,820,000 3,200,000 -- -- -- 3,250,000 -- 3,250,000 8,000 2016 15 MVP Detroit Center Garage MI 29,717,000 7,000,000 48,000,000 477,000 -- 7,000,000 48,476,000 55,476,000 3,699,000 2017 39,15 St. Louis Broadway MO 1,671,000 2,400,000 -- -- -- 2,400,000 -- 2,400,000 -- 2017 N/A St. Louis Seventh & Cerre MO 2,057,000 3,300,000 -- -- -- 3,300,000 -- 3,300,000 -- 2017 N/A MVP Preferred Parking TX 11,330,000 15,800,000 4,700,000 710,000 -- 15,800,000 5,410,000 21,210,000 362,000 2017 39,15 MVP Raider Park Garage TX 7,400,000 1,960,000 9,040,000 2,517,000 -- 2,006,000 11,511,000 13,517,000 534,000 2017 39,15 MVP PF Memphis Poplar 2013 TN 1,800,000 3,735,000 -- 13,000 -- 3,748,000 -- 3,748,000 83,000 2017 15 MVP PF St. Louis 2013 MO 3,700,000 5,145,000 -- -- 5,145,000 -- 5,145,000 118,000 2017 15 Mabley Place Garage OH 8,188,000 1,585,000 19,557,000 43,000 -- 1,592,000 19,593,000 21,185,000 1,168,000 2017 39,15 MVP Denver Sherman CO 282,000 705,000 -- -- -- 705,000 -- 705,000 -- 2017 N/A MVP Fort Worth Taylor TX 12,208,000 2,845,000 24,813,000 5,000 -- 2,845,000 24,818,000 27,663,000 1,397,000 2017 39,15 MVP Milwaukee Old World WI -- 2,044,000 -- -- -- 2,044,000 -- 2,044,000 46,000 2017 15 MVP Houston Saks Garage TX 3,262,000 4,931,000 5,460,000 37,000 -- 4,931,000 5,492,000 10,423,000 341,000 2017 39,15 MVP Milwaukee Wells WI 2,700,000 4,873,000 -- -- -- 5,083,000 -- 5,083,000 57,000 2017 15 MVP Wildwood NJ Lot NJ 1,000,000 1,631,000 -- -- -- 1,231,000 -- 1,231,000 -- 2017 N/A MVP Indianapolis City Park IN 7,200,000 2,055,000 8,764,000 114,000 -- 2,056,000 8,878,000 10,934,000 612,000 2017 39,15 MVP Indianapolis WA Street Lot IN 3,400,000 5,749,000 -- -- -- 5,749,000 -- 5,749,000 45,000 2017 15 MVP Minneapolis Venture MN 2,000,000 6,543,000 -- -- -- 4,012,000 -- 4,012,000 -- 2017 N/A MVP Indianapolis Meridian Lot IN 938,000 1,601,000 -- -- -- 1,601,000 -- 1,601,000 10,000 2017 15 MVP Milwaukee Clybourn WI -- 262,000 -- -- -- 262,000 -- 262,000 5,000 2017 15 MVP Milwaukee Arena WI 2,114,000 4,632,000 -- -- -- 4,631,000 -- 4,631,000 -- 2017 N/A MVP Clarksburg Lot WV -- 715,000 -- -- -- 715,000 -- 715,000 10,000 2017 15 MVP Denver Sherman 1935 CO 752,000 2,534,000 -- -- -- 2,533,000 -- 2,533,000 -- 2017 N/A MVP Bridgeport Fairfield Garage CT 4,025,000 498,000 7,758,000 -- -- 498,000 7,758,000 8,256,000 465,000 2017 39,15 Minneapolis City Parking MN 4,797,000 9,838,000 -- -- -- 9,338,000 -- 9,338,000 178,000 2017 15 MVP New Orleans Rampart LA 5,300,000 8,105,000 -- -- -- 8,105,000 -- 8,105,000 -- 2018 N/A MVP Hawaii Marks HI 13,500,000 9,118,000 11,716,000 294,000 -- 9,118,000 12,010,000 21,128,000 475,000 2018 39,15 $ 160,268,000 $ 141,258,000 $ 164,698,000 $ 10,033,000 $ -- $ 138,278,000 $ 174,392,000(3) $ 312,670,000(4) $ 12,262,000
Historical Cost Of Total Real Estate Held For Investment	2019 2018 Total real estate held for investment, inception (prior) $ 315,101,000 $ 287,052,000 Additions during period: Acquisitions -- 33,166,000 Improvements 2,895,000 5,068,000 Deductions during period: Dispositions (3,874,000) -- Impairments (1,452,000) (10,185,000) Total real estate held for investment, end of year (1) $ 312,670,000 $ 315,101,000
Schedule of Accumulated Depreciation	2019 2018 Accumulated depreciation, inception (prior) $ 7,110,000 $ 2,231,000 Deductions during period: -- (38,000) Depreciation and amortization of real estate 5,152,000 4,917,000 Accumulated depreciation, end of year (1) $ 12,262,000 $ 7,110,000

Summary of Significant Accoun_4

Summary of Significant Accounting Policies (Details) - Revenue Concentration	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Concentration, Percentage	60.80%
Base Parking Rent By Tenant [Member] | SP + [Member]
Concentration, Percentage	60.80%	57.30%
Base Parking Rent By Tenant [Member] | Premier Parking [Member]
Concentration, Percentage	14.80%	17.10%
Base Parking Rent By Tenant [Member] | ISOM Mgmt. [Member]
Concentration, Percentage	3.90%	4.30%
Base Parking Rent By Tenant [Member] | ABM [Member]
Concentration, Percentage	3.90%	4.60%
Base Parking Rent By Tenant [Member] | Interstate Parking [Member]
Concentration, Percentage	2.90%	2.80%
Base Parking Rent By Tenant [Member] | 342 N. Rampart [Member]
Concentration, Percentage	2.90%	2.60%
Base Parking Rent By Tenant [Member] | Denison [Member]
Concentration, Percentage	2.70%	2.50%
Base Parking Rent By Tenant [Member] | Lanier [Member]
Concentration, Percentage	2.40%	2.40%
Base Parking Rent By Tenant [Member] | St. Louis Parking [Member]
Concentration, Percentage	2.00%	2.20%
Base Parking Rent By Tenant [Member] | Premium Parking [Member]
Concentration, Percentage	1.20%
Base Parking Rent By Tenant [Member] | TNSH, LLC [Member]
Concentration, Percentage	1.10%	0.60%
Base Parking Rent By Tenant [Member] | Riverside Parking [Member]
Concentration, Percentage	0.90%	1.00%
Base Parking Rent By Tenant [Member] | BEST PARK [Member]
Concentration, Percentage	0.20%	1.50%
Base Parking Rent By Tenant [Member] | Denver School [Member]
Concentration, Percentage	0.20%	0.20%
Base Parking Rent By Tenant [Member] | Secure [Member]
Concentration, Percentage	0.10%	0.10%
Base Parking Rent By Tenant [Member] | PCAM, LLC [Member]
Concentration, Percentage		0.80%
City Concentration for Parking Base Rent [Member] | Detroit [Member]
Concentration, Percentage	22.60%	18.20%
City Concentration for Parking Base Rent [Member] | Houston [Member]
Concentration, Percentage	11.70%	13.30%
City Concentration for Parking Base Rent [Member] | Cincinnati [Member]
Concentration, Percentage	9.30%	9.20%
City Concentration for Parking Base Rent [Member] | Fort Worth [Member]
Concentration, Percentage	7.00%	8.10%
City Concentration for Parking Base Rent [Member] | Indianapolis [Member]
Concentration, Percentage	6.10%	6.50%
City Concentration for Parking Base Rent [Member] | Cleveland [Member]
Concentration, Percentage	5.80%	5.30%
City Concentration for Parking Base Rent [Member] | St Louis [Member]
Concentration, Percentage	5.00%	5.40%
City Concentration for Parking Base Rent [Member] | Honolulu [Member]
Concentration, Percentage	4.30%	2.60%
City Concentration for Parking Base Rent [Member] | Lubbock [Member]
Concentration, Percentage	3.90%	4.20%
City Concentration for Parking Base Rent [Member] | Milwaukee [Member]
Concentration, Percentage	3.70%	3.70%
City Concentration for Parking Base Rent [Member] | Minneapolis [Member]
Concentration, Percentage	3.60%	4.30%
City Concentration for Parking Base Rent [Member] | Nashville [Member]
Concentration, Percentage	3.10%	3.50%
City Concentration for Parking Base Rent [Member] | St Paul [Member]
Concentration, Percentage	2.90%	2.70%
City Concentration for Parking Base Rent [Member] | New Orleans[Member]
Concentration, Percentage	2.90%	2.70%
City Concentration for Parking Base Rent [Member] | San Jose [Member]
Concentration, Percentage	2.00%	2.40%
City Concentration for Parking Base Rent [Member] | Bridgeport [Member]
Concentration, Percentage	1.90%	2.30%
City Concentration for Parking Base Rent [Member] | Memphis [Member]
Concentration, Percentage	1.40%	1.60%
City Concentration for Parking Base Rent [Member] | Louisville [Member]
Concentration, Percentage	0.90%	1.00%
City Concentration for Parking Base Rent [Member] | Denver [Member]
Concentration, Percentage	0.70%	0.80%
City Concentration for Parking Base Rent [Member] | Ft. Lauderdale [Member]
Concentration, Percentage	0.40%	0.60%
City Concentration for Parking Base Rent [Member] | Wildwood [Member]
Concentration, Percentage	0.30%	0.40%
City Concentration for Parking Base Rent [Member] | Clarksburg [Member]
Concentration, Percentage	0.30%	0.30%
City Concentration for Parking Base Rent [Member] | Canton [Member]
Concentration, Percentage	0.20%	0.30%
City Concentration for Parking Base Rent [Member] | Kansas City [Member]
Concentration, Percentage		0.60%
Real Estate Investment Concentration by City [Member] | Detroit [Member]
Concentration, Percentage	17.70%	17.60%
Real Estate Investment Concentration by City [Member] | Houston [Member]
Concentration, Percentage	12.10%	11.90%
Real Estate Investment Concentration by City [Member] | Cincinnati [Member]
Concentration, Percentage	8.80%	8.70%
Real Estate Investment Concentration by City [Member] | Fort Worth [Member]
Concentration, Percentage	8.80%	8.80%
Real Estate Investment Concentration by City [Member] | Indianapolis [Member]
Concentration, Percentage	5.80%	5.80%
Real Estate Investment Concentration by City [Member] | Cleveland [Member]
Concentration, Percentage	6.30%	6.20%
Real Estate Investment Concentration by City [Member] | St Louis [Member]
Concentration, Percentage	4.40%	4.40%
Real Estate Investment Concentration by City [Member] | Honolulu [Member]
Concentration, Percentage	6.80%	6.70%
Real Estate Investment Concentration by City [Member] | Lubbock [Member]
Concentration, Percentage	4.30%	3.50%
Real Estate Investment Concentration by City [Member] | Milwaukee [Member]
Concentration, Percentage	3.90%	3.80%
Real Estate Investment Concentration by City [Member] | Minneapolis [Member]
Concentration, Percentage	4.30%	4.40%
Real Estate Investment Concentration by City [Member] | Nashville [Member]
Concentration, Percentage	3.70%	3.70%
Real Estate Investment Concentration by City [Member] | St Paul [Member]
Concentration, Percentage	2.70%	2.70%
Real Estate Investment Concentration by City [Member] | New Orleans[Member]
Concentration, Percentage	2.60%	2.60%
Real Estate Investment Concentration by City [Member] | San Jose [Member]
Concentration, Percentage	1.10%	1.20%
Real Estate Investment Concentration by City [Member] | Bridgeport [Member]
Concentration, Percentage	2.60%	2.60%
Real Estate Investment Concentration by City [Member] | Memphis [Member]
Concentration, Percentage	1.30%	1.50%
Real Estate Investment Concentration by City [Member] | Louisville [Member]
Concentration, Percentage	1.00%	1.00%
Real Estate Investment Concentration by City [Member] | Denver [Member]
Concentration, Percentage	1.00%	1.00%
Real Estate Investment Concentration by City [Member] | Ft. Lauderdale [Member]
Concentration, Percentage		1.10%
Real Estate Investment Concentration by City [Member] | Wildwood [Member]
Concentration, Percentage	0.40%	0.40%
Real Estate Investment Concentration by City [Member] | Clarksburg [Member]
Concentration, Percentage	0.20%	0.20%
Real Estate Investment Concentration by City [Member] | Canton [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, 2019USD ($)aft²	Dec. 31, 2018USD ($)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	$ 5,845,000
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	$ 3,050,000
Parking Tenant	SP +	SP +
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	$ 6,331,000	$ 6,300,000
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	$ 2,957,000	$ 3,007,000
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	$ 11,673,000	$ 11,672,000
Parking Tenant	Premier / iPark	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	$ 10,649,000	$ 10,541,000
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	Premier / iPark	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	Premier / iPark	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	$ 55,476,000
Parking Tenant	SP +	SP +
St. Louis Broadway [Member]
Location	St Louis, MO	St Louis, MO
Date Acquired	5/6/2017	5/6/2017
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	8/1/2017
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	$ 21,210,000	$ 21,115,000
Parking Tenant	Premier / iPark	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	$ 13,517,000	$ 11,029,000
Parking Tenant	ISOM Management	ISOM Management
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	$ 3,747,000	$ 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	$ 21,185,000
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	$ 27,663,000
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	$ 2,044,000
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	$ 10,423,000	$ 10,391,000
Parking Tenant	Premier / iPark	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	148
Property Size (Acres) | a	1.07	1.07
Investment Amount	$ 5,083,000	$ 5,083,000
Parking Tenant	Symphony	Symphony
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	$ 545,000
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	$ 686,000
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	$ 10,934,000
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	Minneapolis, MN
Date Acquired	12/15/2017	12/15/2017
Property Type	Lot	Lot
# Spaces	195	195
Property Size (Acres) | a	1.65	1.65
Investment Amount	$ 4,013,000	$ 4,012,000
Parking Tenant	N/A	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	$ 9,338,000	$ 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	$ 4,631,000
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	$ 2,533,000
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	New Orleans, LA
Date Acquired	2/1/2018	2/1/2018
Property Type	Lot	Lot
# Spaces	78	78
Property Size (Acres) | a	0.44	0.44
Investment Amount	$ 8,105,000	$ 8,105,000
Parking Tenant	342 N. Rampart	342 N. Rampart
MVP Hawaii Marks Garage [Member]
Location	Honolulu, HI	Honolulu, HI
Date Acquired	6/21/2018	6/21/2018
Property Type	Garage	Garage
# Spaces	311	311
Property Size (Acres) | a	0.77	0.77
Retail Sq. Ft | ft²	16,205	16,205
Investment Amount	$ 21,127,000	$ 21,000,000
Parking Tenant	SP +	SP +
Construction in progress [Member]
Investment Amount	$ 714,000	$ 1,872,000
Total Investment in real estate and fixed assets [Member]
Investment Amount	$ 309,885,000	$ 316,973,000
MVP San Jose 88 Garage [Member]
Location		San Jose, CA
Date Acquired		6/15/2016
Property Type		Garage
# Spaces		328
Property Size (Acres) | a		1.33
Investment Amount		$ 3,844,000
Parking Tenant		Lanier
MVP PF Ft. Lauderdale [Member]
Location		Ft. Lauderdale, FL
Date Acquired		12/15/2017
Property Type		Lot
# Spaces		66
Property Size (Acres) | a		0.75
Retail Sq. Ft | ft²		4,017
Investment Amount		$ 3,423,000
Parking Tenant		SP +
MVP PF Memphis Court [Member]
Location		Memphis, TN
Date Acquired		12/15/2017
Property Type		Lot
# Spaces		37
Property Size (Acres) | a		0.41
Investment Amount		$ 1,008,000
Parking Tenant		SP +

Acquisitions (Detail) - Disclos

Acquisitions (Detail) - Disclosure - Acquisitions (Detail) - Summary Of The Acquisitions	12 Months Ended
	Dec. 31, 2018USD ($)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	311
Property Size (Acres) | a	0.77
Retail Sq. Ft | ft²	16,205
Investment Amount | $	$ 20,834,000

Acquisitions (Detail) - Assets

Acquisitions (Detail) - Assets Acquired And Liabilities Assumed	Dec. 31, 2018USD ($)
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
Building and improvements	11,716,000
Total assets acquired	$ 28,939,000

Acquisitions (Detail) - Results

Acquisitions (Detail) - Results of Operation of Acquired Properties - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Total Revenues	$ 22,794,000	$ 22,100,000
Net Income	$ (42,496,000)	(4,922,000)
2018 Acquisitions [Member]
Total Revenues		1,241,000
Net Income		$ 745,000

Acquisitions (Detail) - Pro For

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

Assets Held For Sale (Detail) -

Assets Held For Sale (Detail) - Summary Of Net Assets Held For Sale - USD ($)	Dec. 31, 2019	Dec. 31, 2018
Assets:
Prepaid expenses	$ 1,679,000	$ 616,000
Property and equipment, net of accumulated depreciation	21,000	42,000
Total assets	318,344,000	323,571,000
Liabilities:
Notes payable	159,120,000	155,961,000
Accounts payable and accrued liabilities	10,883,000	4,605,000
Total liabilities	188,099,000	161,451,000
Real Estate [Member] | San Jose 88 Garage, LLC [Member]
Assets:
Prepaid expenses	42,000	8,000
Property and equipment, net of accumulated depreciation	3,288,000	3,844,000
Total assets	3,330,000	3,852,000
Liabilities:
Notes payable	2,500,000	2,500,000
Accounts payable and accrued liabilities	47,000	195,000
Total liabilities	2,547,000	2,695,000
Net assets held for sale	$ 783,000	$ 1,157,000

Assets Held For Sale (Detail)_2

Assets Held For Sale (Detail) - Summary Of The Results Of Operations Related To The Assets Held For Sale - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Revenue	$ 22,794,000	$ 22,100,000
Expenses	58,586,000	20,135,000
Income/(loss) from assets held for sale, net of income taxes	(35,792,000)	1,965,000
Real Estate [Member] | San Jose 88 Garage, LLC [Member]
Revenue	450,000	474,000
Expenses	842,000	419,000
Income/(loss) from assets held for sale, net of income taxes	$ (392,000)	$ 55,000

Disposition Investments in Re_2

Disposition Investments in Real Estate (Detail) - Summary Of The Results Of Operations - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Revenue	$ 22,794,000	$ 22,100,000
Expenses	58,586,000	20,135,000
Income from disposed assets, net of income taxes	(35,792,000)	1,965,000
Real Estate [Member] | Ft Lauderdale [Member]
Revenue	136,000	130,000
Expenses	(116,000)	(167,000)
Income from disposed assets, net of income taxes	20,000	(37,000)
Real Estate [Member] | Memphis Court [Member]
Revenue	4,000	12,000
Expenses	563,000	3,000
Income from disposed assets, net of income taxes	$ (559,000)	9,000
Real Estate [Member] | St. Louis [Member]
Revenue		312,000
Expenses		(52,000)
Income from disposed assets, net of income taxes		260,000
Real Estate [Member] | Kansas City [Member]
Revenue		107,000
Expenses		(24,000)
Income from disposed assets, net of income taxes		83,000
Real Estate [Member] | Minneapolis [Member]
Revenue
Expenses		(270,000)
Income from disposed assets, net of income taxes		$ (270,000)

Notes Payable (Detail) - Schedu

Notes Payable (Detail) - Schedule of Debt - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Less unamortized loan issuance costs [Member]
Current Loan Balance	$ (1,828,000)	$ (1,900,000)
Total Investment in real estate and fixed assets [Member]
Current Loan Balance	159,120,000	123,770,000
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. 30, 2020
MVP Cincinnati Race Street, LLC [Member]
Original Debt Amount	$ 2,550,000	2,550,000
Current Loan Balance	$ 2,550,000	$ 2,550,000
Lender	Multiple	Multiple
Term	1 year	1 year
Interest Rate	7.50%	7.50%
Loan Maturity	Apr. 19, 2020	Mar. 25, 2019
MVP Wildwood NJ Lot, LLC [Member]
Original Debt Amount	$ 1,000,000	$ 1,000,000
Current Loan Balance	$ 1,000,000	$ 1,000,000
Lender	Tigges Construction Co.	Tigges Construction Co.
Term	1 year	1 year
Interest Rate	7.50%	7.50%
Loan Maturity	Apr. 29, 2020	Apr. 1, 2019
The Parking REIT D&O Insurance [Member]
Original Debt Amount	$ 1,681,000	$ 390,000
Monthly Payment (approx.)	171,000	28,000
Current Loan Balance	$ 679,000	$ 30,000
Lender	MetaBank	First Insurance Funding
Term	1 year	1 year
Interest Rate	3.60%	3.70%
Loan Maturity	Apr. 30, 2020	Apr. 30, 2019
Minneapolis Venture [Member]
Original Debt Amount	$ 2,000,000
Current Loan Balance	$ 2,000,000
Lender	Multiple
Term	1 year
Interest Rate	8.00%
Loan Maturity	Oct. 22, 2020
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	$ 5,300,000
Current Loan Balance	$ 5,300,000	$ 5,300,000
Lender	LoanCore	LoanCore
Term	2 years	2 years
Loan Maturity	Dec. 9, 2020	Dec. 9, 2020
MVP Hawaii Marks Garage, LLC [Member]
Original Debt Amount	$ 13,500,000	$ 13,500,000
Current Loan Balance	$ 13,500,000	$ 13,500,000
Lender	LoanCore	LoanCore
Term	2 years	2 years
Loan Maturity	Dec. 9, 2020	Dec. 9, 2020
MVP Milwaukee Wells, LLC [Member]
Original Debt Amount	$ 2,700,000	$ 2,700,000
Current Loan Balance	$ 2,700,000	$ 2,700,000
Lender	LoanCore	LoanCore
Term	2 years	2 years
Loan Maturity	Dec. 9, 2020	Dec. 9, 2020
MVP Indianapolis City Park, LLC [Member]
Original Debt Amount	$ 7,200,000	$ 7,200,000
Current Loan Balance	$ 7,200,000	$ 7,200,000
Lender	LoanCore	LoanCore
Term	2 years	2 years
Loan Maturity	Dec. 9, 2020	Dec. 9, 2020
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
MVP Memphis Poplar [Member]
Original Debt Amount	$ 1,800,000
Current Loan Balance	$ 1,800,000
Lender	LoanCore
Term	5 years
Interest Rate	5.38%
Loan Maturity	Mar. 6, 2024
MVP St. Louis [Member]
Original Debt Amount	$ 3,700,000
Current Loan Balance	$ 3,700,000
Lender	LoanCore
Term	5 years
Interest Rate	5.38%
Loan Maturity	Mar. 6, 2024
Mabley Place Garage, LLC [Member]
Original Debt Amount	$ 9,000,000	$ 9,000,000
Monthly Payment (approx.)	44,000	44,000
Current Loan Balance	$ 8,188,000	$ 8,362,000
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	$ 3,262,000	$ 3,357,000
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	$ 4,797,000	$ 4,928,000
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	$ 4,025,000	$ 4,140,000
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	$ 4,909,000	$ 5,039,000
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	$ 12,208,000	$ 12,528,000
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
Monthly Payment (approx.)	194,000
Current Loan Balance	$ 29,717,000
Lender	Bank of America
Term	10 years
Interest Rate	5.52%
Loan Maturity	Feb. 1, 2027
MVP St Louis Washington, LLC [Member]
Original Debt Amount	$ 1,380,000
Monthly Payment (approx.)	8,000
Current Loan Balance	$ 1,362,000
Lender	KeyBank
Term	10 years
Interest Rate	4.90%
Loan Maturity	May 1, 2027
St Paul Holiday Garage, LLC [Member]
Original Debt Amount	$ 4,132,000
Monthly Payment (approx.)	24,000
Current Loan Balance	$ 4,078,000
Lender	KeyBank
Term	10 years
Interest Rate	4.90%
Loan Maturity	May 1, 2027
Cleveland Lincoln Garage, LLC [Member]
Original Debt Amount	$ 3,999,000
Monthly Payment (approx.)	23,000
Current Loan Balance	$ 3,946,000
Lender	KeyBank
Term	10 years
Interest Rate	4.90%
Loan Maturity	May 1, 2027
MVP Denver Sherman, LLC [Member]
Original Debt Amount	$ 286,000
Monthly Payment (approx.)	2,000
Current Loan Balance	$ 282,000
Lender	KeyBank
Term	10 years
Interest Rate	4.90%
Loan Maturity	May 1, 2027
MVP Milwaukee Arena Lot, LLC [Member]
Original Debt Amount	$ 2,142,000
Monthly Payment (approx.)	12,000
Current Loan Balance	$ 2,114,000
Lender	KeyBank
Term	10 years
Interest Rate	4.90%
Loan Maturity	May 1, 2027
MVP Denver Sherman 1935, LLC [Member]
Original Debt Amount	$ 762,000
Monthly Payment (approx.)	4,000
Current Loan Balance	$ 752,000
Lender	KeyBank
Term	10 years
Interest Rate	4.90%
Loan Maturity	May 1, 2027
MVP Louisville Broadway Station, LLC [Member]
Original Debt Amount	$ 1,682,000	$ 1,682,000
Current Loan Balance	$ 1,682,000	$ 1,682,000
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 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
Current Loan Balance	$ 1,627,000
Lender	Cantor Commercial Real Estate
Term	10 years
Interest Rate	5.03%
Loan Maturity	May 6, 2027
MVP Houston San Jacinto Lot, LLC [Member]
Original Debt Amount	$ 1,820,000
Current Loan Balance	$ 1,820,000
Lender	Cantor Commercial Real Estate
Term	10 years
Interest Rate	5.03%
Loan Maturity	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	$ 2,057,000
Current Loan Balance	$ 2,057,000	$ 2,057,000
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
Current Loan Balance	$ 938,000
Lender	Cantor Commercial Real Estate
Term	10 years
Interest Rate	5.03%
Loan Maturity	May 6, 2027
MVP Preferred Parking, LLC [Member]
Original Debt Amount	$ 11,330,000
Current Loan Balance	$ 11,330,000
Lender	Key Bank
Term	10 years
Interest Rate	5.02%
Loan Maturity	Aug. 1, 2027
MVP PF Ft. Lauderdale 2013, LLC [Member]
Original Debt Amount		$ 4,300,000
Monthly Payment (approx.)		25,000
Current Loan Balance		$ 3,830,000
Lender		KeyBank
Term		5 years
Interest Rate		4.94%
Loan Maturity		Feb. 1, 2019
MVP San Jose 88 Garage [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 [Member]
Original Debt Amount		$ 7,400,000
Current Loan Balance		$ 7,400,000
Lender		LoanCore
Term		2 years
Loan Maturity		Dec. 9, 2020
MVP Indianapolis WA Street Lot, LLC [Member]
Original Debt Amount		$ 3,400,000
Current Loan Balance		$ 3,400,000
Lender		LoanCore
Term		2 years
Loan Maturity		Dec. 9, 2020
MVP Detroit Center Garage [Member]
Original Debt Amount		$ 31,500,000
Monthly Payment (approx.)		194,000
Current Loan Balance		$ 30,360,000
Lender		Bank of America
Term		10 years
Interest Rate		5.52%
Loan Maturity		Feb. 1, 2027
MVP St. Louis Washington [Member]
Original Debt Amount		$ 1,380,000
Current Loan Balance		$ 1,380,000
Lender		KeyBank
Term		10 years
Interest Rate		4.90%
Loan Maturity		May 1, 2027
MVP St. Paul Holiday Garage [Member]
Original Debt Amount		$ 4,132,000
Current Loan Balance		$ 4,132,000
Lender		KeyBank
Term		10 years
Interest Rate		4.90%
Loan Maturity		May 1, 2027
Cleveland Lincoln Garage Owners [Member]
Original Debt Amount		$ 3,999,000
Current Loan Balance		$ 3,999,000
Lender		KeyBank
Term		10 years
Interest Rate		4.90%
Loan Maturity		May 1, 2027
MVP Denver Sherman [Member]
Original Debt Amount		$ 286,000
Current Loan Balance		$ 286,000
Lender		KeyBank
Term		10 years
Interest Rate		4.90%
Loan Maturity		May 1, 2027
MVP Milwaukee Arena Lot [Member]
Original Debt Amount		$ 2,142,000
Current Loan Balance		$ 2,142,000
Lender		KeyBank
Term		10 years
Interest Rate		4.90%
Loan Maturity		May 1, 2027
MVP Denver Sherman 1935 [Member]
Original Debt Amount		$ 762,000
Current Loan Balance		$ 762,000
Lender		KeyBank
Term		10 years
Interest Rate		4.90%
Loan Maturity		May 1, 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 Houston Preston Lot [Member]
Original Debt Amount		$ 1,627,000
Current Loan Balance		$ 1,627,000
Lender		Cantor Commercial Real Estate
Term		10 years
Interest Rate		5.03%
Loan Maturity		May 6, 2027
MVP Houston San Jacinto Lot [Member]
Original Debt Amount		$ 1,820,000
Current Loan Balance		$ 1,820,000
Lender		Cantor Commercial Real Estate
Term		10 years
Interest Rate		5.03%
Loan Maturity		May 6, 2027
MVP Indianapolis Meridian Lot [Member]
Original Debt Amount		$ 938,000
Current Loan Balance		$ 938,000
Lender		Cantor Commercial Real Estate
Term		10 years
Interest Rate		5.03%
Loan Maturity		May 6, 2027
MVP Preferred Parking [Member]
Original Debt Amount		$ 11,330,000
Current Loan Balance		$ 11,330,000
Lender		Key Bank
Term		10 years
Interest Rate		5.02%
Loan Maturity		Aug. 1, 2027

Notes Payable (Detail) - Notes

Notes Payable (Detail) - Notes Payable Paid in Full In Period - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
MVP PF Ft. Lauderdale 2013, LLC [Member]
Original Debt Amount	$ 2,000,000
Monthly Payment
Current Loan Balance
Lender	Multiple
Term	1 year
Interest Rate	8.00%
Loan Maturity	Jun. 24, 2020
MVP PF Ft. Lauderdale 2013, LLC (2) [Member]
Original Debt Amount	$ 4,300,000
Monthly Payment	25,000
Current Loan Balance
Lender	Key Bank
Term	5 years
Interest Rate	4.94%
Loan Maturity	Feb. 1, 2019
The Parking REIT D&O Insurance [Member]
Original Debt Amount	$ 390,000
Monthly Payment	29,000
Current Loan Balance
Lender	First Insurance Funding
Term	1 year
Interest Rate	3.70%
Loan Maturity	Apr. 30, 2019
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

Notes Payable (Detail) - Future

Notes Payable (Detail) - Future Principal Payments On The Notes Payable - USD ($)	Dec. 31, 2019	Dec. 31, 2018
Period One [Member]
Principal Payments	$ 50,183,000	$ 11,691,000
Period Two [Member]
Principal Payments	2,058,000	41,454,000
Period Three [Member]
Principal Payments	2,252,000	2,058,000
Period Four [Member]
Principal Payments	2,498,000	2,252,000
Period Five [Member]
Principal Payments	15,283,000	2,499,000
Thereafter [Member]
Principal Payments	88,674,000	98,450,000
Less unamortized loan issuance costs [Member]
Principal Payments	(1,828,000)
Total [Member]
Principal Payments	$ 159,120,000	155,961,000
Less unamortized loan issuance costs [Member]
Principal Payments		$ (2,443,000)

Investment in DST (Detail) - Su

Investment in DST (Detail) - Summarized Financial Information - USD ($)	7 Months Ended	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2019	Dec. 31, 2017
Assets
Investments in real estate and fixed assets	$ 42,000	$ 21,000
Cash	9,435,000	11,644,000	$ 16,730,000
Cash - restricted	4,329,000	3,937,000
Accounts receivable	712,000	929,000
Prepaid expenses	616,000	1,679,000
Liabilities And Equity
Notes payable, net of unamortized loan issuance costs of approximately $62,000 and $65,000 as of December 31, 2019 and 2018, respectively	155,961,000	159,120,000
Accounts payable and accrued liabilities	4,605,000	10,883,000
Due to related party		54,000
Equity
Member's Equity	2,691,000	2,619,000
Accumulated earnings	(23,953,000)	(66,511,000)
Equity Method Investments [Member]
Assets
Investments in real estate and fixed assets	11,512,000	11,512,000
Cash	32,000	28,000
Cash - restricted	15,000	24,000
Accounts receivable	141,000
Prepaid expenses	8,000	10,000
Total Assets	11,708,000	11,574,000
Liabilities And Equity
Notes payable, net of unamortized loan issuance costs of approximately $62,000 and $65,000 as of December 31, 2019 and 2018, respectively	5,945,000	5,954,000
Accounts payable and accrued liabilities	63,000	93,000
Due to related party	181,000	57,000
Total Liabilities	6,189,000	6,104,000
Equity
Member's Equity	6,129,000	6,129,000
Offering costs	(574,000)	(574,000)
Accumulated earnings	606,000	952,000
Distributions to members	(642,000)	(1,037,000)
Total Equity	5,519,000	5,470,000
Total liabilities and equity	11,708,000	11,574,000
Income Statement
Revenue	729,000	738,000
Expenses	(348,000)	(392,000)
Net income	$ 381,000	$ 346,000

Income Taxes and Critical Acc_3

Income Taxes and Critical Accounting Policy (Detail) - Tax Treatment of Distributions - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Income Tax Disclosure [Abstract]
Return of Capital - Preferred	$ 3,001,000	$ 2,709,000
Capital Gain
Return of Capital - Common		1,224,000
Total	$ 3,001,000	$ 3,933,000

Deferred Management Internali_3

Deferred Management Internalization (Detail) - Internalization Consideration - USD ($)	1 Months Ended	12 Months Ended
	Apr. 30, 2019	Dec. 31, 2019
Shares Issued in Period, shares	400,000
Internalization Consideration [Member]
Deferred Shares to Purchase, shares		800,000
Deferred Shares to Purchase, value		$ 17,800,000
Share Price at $17.50
Right To Purcharse Shares, shares		1,100,000
Right to Purchase Shares, value		$ 19,250,000
Share Price at $17.50 | April 1, 2019 [Member]
Shares Issued in Period, shares		(400,000)
Shares Issued in Period, value		$ (7,000,000)
Share Price at $17.50 | Dec 31, 2019 [Member]
Shares Issued in Period, shares		(400,000)
Shares Issued in Period, value		$ (7,000,000)
Share Price at $25.10
Right To Purcharse Shares, shares		500,000
Right to Purchase Shares, value		$ 12,550,000
Total Internalization Consideration [Member]
Right To Purcharse Shares, shares		1,600,000
Right to Purchase Shares, value		$ 31,800,000

Schedule III (Detail) - Schedul

Schedule III (Detail) - Schedule of Real Estate and Accumulated Depreciation By Property - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Gross Carrying Amount at December 31, 2019
Total	$ 312,670,000	$ 315,101,000	$ 287,052,000
Accumulated Depreciation	$ 12,262,000	$ 7,110,000	$ 2,231,000
West 9th Street [Member]
State	OH
Encumbrance	$ 4,909,000
Initial Cost
Land	5,675,000
Buildings and Improvements
Cost Capitalized Subsequent to Acquisition
Improvements	170,000
Carrying Costs
Gross Carrying Amount at December 31, 2019
Land	5,845,000
Building and Improvements
Total	5,845,000
Accumulated Depreciation	$ 24,000
Date Acquired	2016
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
Cost Capitalized Subsequent to Acquisition
Improvements	18,000
Carrying Costs
Gross Carrying Amount at December 31, 2019
Land	3,048,000
Building and Improvements
Total	3,048,000
Accumulated Depreciation	$ 4,000
Date Acquired	2016
Life on which depreciation in latest statement is computed	15
San Jose [Member]
State	CA
Encumbrance	$ 2,500,000
Initial Cost
Land	1,073,000
Buildings and Improvements	2,503,000
Cost Capitalized Subsequent to Acquisition
Improvements	268,000
Carrying Costs
Gross Carrying Amount at December 31, 2019
Land	977,000
Building and Improvements	2,523,000
Total	3,500,000
Accumulated Depreciation	$ 212,000
Date Acquired	2016
Life on which depreciation in latest statement is computed	39,15
MCI 1372 Street [Member]
State	OH
Encumbrance
Initial Cost
Land	700,000
Buildings and Improvements
Cost Capitalized Subsequent to Acquisition
Improvements
Carrying Costs
Gross Carrying Amount at December 31, 2019
Land	700,000
Building and Improvements
Total	700,000
Accumulated Depreciation
Date Acquired	2016
Life on which depreciation in latest statement is computed	N/A
Cincinnati Race Street [Member]
State	OH
Encumbrance	$ 2,550,000
Initial Cost
Land	2,142,000
Buildings and Improvements	2,358,000
Cost Capitalized Subsequent to Acquisition
Improvements	1,832,000
Carrying Costs
Gross Carrying Amount at December 31, 2019
Land	2,142,000
Building and Improvements	4,190,000
Total	6,332,000
Accumulated Depreciation	$ 411,000
Date Acquired	2016
Life on which depreciation in latest statement is computed	39,15
St Louis Washington [Member]
State	MO
Encumbrance	$ 1,362,000
Initial Cost
Land	3,000,000
Buildings and Improvements
Cost Capitalized Subsequent to Acquisition
Improvements	7,000
Carrying Costs
Gross Carrying Amount at December 31, 2019
Land	2,957,000
Building and Improvements
Total	2,957,000
Accumulated Depreciation	$ 1,000
Date Acquired	2016
Life on which depreciation in latest statement is computed	15
St Paul Holiday Garage [Member]
State	MN
Encumbrance	$ 4,077,000
Initial Cost
Land	1,673,000
Buildings and Improvements	6,527,000
Cost Capitalized Subsequent to Acquisition
Improvements	196,000
Carrying Costs
Gross Carrying Amount at December 31, 2019
Land	1,673,000
Building and Improvements	6,723,000
Total	8,396,000
Accumulated Depreciation	$ 593,000
Date Acquired	2016
Life on which depreciation in latest statement is computed	39,15
Louisville Station [Member]
State	KY
Encumbrance	$ 1,682,000
Initial Cost
Land	3,050,000
Buildings and Improvements
Cost Capitalized Subsequent to Acquisition
Improvements
Carrying Costs
Gross Carrying Amount at December 31, 2019
Land	3,107,000
Building and Improvements
Total	3,107,000
Accumulated Depreciation	$ 10,000
Date Acquired	2016
Life on which depreciation in latest statement is computed	15
White Front Garage [Member]
State	TN
Encumbrance	$ 6,454,000
Initial Cost
Land	3,116,000
Buildings and Improvements	8,380,000
Cost Capitalized Subsequent to Acquisition
Improvements
Carrying Costs
Gross Carrying Amount at December 31, 2019
Land	3,116,000
Building and Improvements	8,556,000
Total	11,672,000
Accumulated Depreciation	$ 727,000
Date Acquired	2016
Life on which depreciation in latest statement is computed	39,15
Cleveland Lincoln Garage [Member]
State	OH
Encumbrance	$ 3,946,000
Initial Cost
Land	2,195,000
Buildings and Improvements	5,122,000
Cost Capitalized Subsequent to Acquisition
Improvements	3,332,000
Carrying Costs
Gross Carrying Amount at December 31, 2019
Land	2,195,000
Building and Improvements	8,454,000
Total	10,649,000
Accumulated Depreciation	$ 664,000
Date Acquired	2016
Life on which depreciation in latest statement is computed	39,15
Houston Preston [Member]
State	TX
Encumbrance	$ 1,627,000
Initial Cost
Land	2,800,000
Buildings and Improvements
Cost Capitalized Subsequent to Acquisition
Improvements
Carrying Costs
Gross Carrying Amount at December 31, 2019
Land	2,820,000
Building and Improvements
Total	2,820,000
Accumulated Depreciation	$ 3,000
Date Acquired	2016
Life on which depreciation in latest statement is computed	15
Houston San Jacinto [Member]
State	TX
Encumbrance	$ 1,820,000
Initial Cost
Land	3,200,000
Buildings and Improvements
Cost Capitalized Subsequent to Acquisition
Improvements
Carrying Costs
Gross Carrying Amount at December 31, 2019
Land	3,250,000
Building and Improvements
Total	3,250,000
Accumulated Depreciation	$ 8,000
Date Acquired	2016
Life on which depreciation in latest statement is computed	15
MVP Detroit Center Garage [Member]
State	MI
Encumbrance	$ 29,717,000
Initial Cost
Land	7,000,000
Buildings and Improvements	48,000,000
Cost Capitalized Subsequent to Acquisition
Improvements	477,000
Carrying Costs
Gross Carrying Amount at December 31, 2019
Land	7,000,000
Building and Improvements	48,476,000
Total	55,476,000
Accumulated Depreciation	$ 3,699,000
Date Acquired	2017
Life on which depreciation in latest statement is computed	39,15
St. Louis Broadway [Member]
State	MO
Encumbrance	$ 1,671,000
Initial Cost
Land	2,400,000
Buildings and Improvements
Cost Capitalized Subsequent to Acquisition
Improvements
Carrying Costs
Gross Carrying Amount at December 31, 2019
Land	2,400,000
Building and Improvements
Total	2,400,000
Accumulated Depreciation
Date Acquired	2017
Life on which depreciation in latest statement is computed	N/A
St. Louis Seventh & Cerre, LLC [Member]
State	MO
Encumbrance	$ 2,057,000
Initial Cost
Land	3,300,000
Buildings and Improvements
Cost Capitalized Subsequent to Acquisition
Improvements
Carrying Costs
Gross Carrying Amount at December 31, 2019
Land	3,300,000
Building and Improvements
Total	3,300,000
Accumulated Depreciation
Date Acquired	2017
Life on which depreciation in latest statement is computed	N/A
MVP Preferred Parking, LLC [Member]
State	TX
Encumbrance	$ 11,330,000
Initial Cost
Land	15,800,000
Buildings and Improvements	4,700,000
Cost Capitalized Subsequent to Acquisition
Improvements	710,000
Carrying Costs
Gross Carrying Amount at December 31, 2019
Land	15,800,000
Building and Improvements	5,410,000
Total	21,210,000
Accumulated Depreciation	$ 362,000
Date Acquired	2017
Life on which depreciation in latest statement is computed	39,15
MVP Raider Park Garage [Member]
State	TX
Encumbrance	$ 7,400,000
Initial Cost
Land	1,960,000
Buildings and Improvements	9,040,000
Cost Capitalized Subsequent to Acquisition
Improvements	2,517,000
Carrying Costs
Gross Carrying Amount at December 31, 2019
Land	2,006,000
Building and Improvements	11,511,000
Total	13,517,000
Accumulated Depreciation	$ 534,000
Date Acquired	2017
Life on which depreciation in latest statement is computed	39,15
MVP PF Memphis Poplar 2013 [Member]
State	TN
Encumbrance	$ 1,800,000
Initial Cost
Land	3,735,000
Buildings and Improvements
Cost Capitalized Subsequent to Acquisition
Improvements	13,000
Carrying Costs
Gross Carrying Amount at December 31, 2019
Land	3,748,000
Building and Improvements
Total	3,748,000
Accumulated Depreciation	$ 83,000
Date Acquired	2017
Life on which depreciation in latest statement is computed	15
MVP PF St. Louis 2013 [Member]
State	MO
Encumbrance	$ 3,700,000
Initial Cost
Land	5,145,000
Buildings and Improvements
Cost Capitalized Subsequent to Acquisition
Carrying Costs
Gross Carrying Amount at December 31, 2019
Land	5,145,000
Building and Improvements
Total	5,145,000
Accumulated Depreciation	$ 118,000
Date Acquired	2017
Life on which depreciation in latest statement is computed	15
Mabley Place Garage [Member]
State	OH
Encumbrance	$ 8,188,000
Initial Cost
Land	1,585,000
Buildings and Improvements	19,557,000
Cost Capitalized Subsequent to Acquisition
Improvements	43,000
Carrying Costs
Gross Carrying Amount at December 31, 2019
Land	1,592,000
Building and Improvements	19,593,000
Total	21,185,000
Accumulated Depreciation	$ 1,168,000
Date Acquired	2017
Life on which depreciation in latest statement is computed	39,15
MVP Denver Sherman [Member]
State	CO
Encumbrance	$ 282,000
Initial Cost
Land	705,000
Buildings and Improvements
Cost Capitalized Subsequent to Acquisition
Improvements
Carrying Costs
Gross Carrying Amount at December 31, 2019
Land	705,000
Building and Improvements
Total	705,000
Accumulated Depreciation
Date Acquired	2017
Life on which depreciation in latest statement is computed	N/A
MVP Fort Worth Taylor [Member]
State	TX
Encumbrance	$ 12,208,000
Initial Cost
Land	2,845,000
Buildings and Improvements	24,813,000
Cost Capitalized Subsequent to Acquisition
Improvements	5,000
Carrying Costs
Gross Carrying Amount at December 31, 2019
Land	2,845,000
Building and Improvements	24,818,000
Total	27,663,000
Accumulated Depreciation	$ 1,397,000
Date Acquired	2017
Life on which depreciation in latest statement is computed	39,15
MVP Milwaukee Old World [Member]
State	WI
Encumbrance
Initial Cost
Land	2,044,000
Buildings and Improvements
Cost Capitalized Subsequent to Acquisition
Improvements
Carrying Costs
Gross Carrying Amount at December 31, 2019
Land	2,044,000
Building and Improvements
Total	2,044,000
Accumulated Depreciation	$ 46,000
Date Acquired	2017
Life on which depreciation in latest statement is computed	15
MVP Houston Saks Garage [Member]
State	TX
Encumbrance	$ 3,262,000
Initial Cost
Land	4,931,000
Buildings and Improvements	5,460,000
Cost Capitalized Subsequent to Acquisition
Improvements	37,000
Carrying Costs
Gross Carrying Amount at December 31, 2019
Land	4,931,000
Building and Improvements	5,492,000
Total	10,423,000
Accumulated Depreciation	$ 341,000
Date Acquired	2017
Life on which depreciation in latest statement is computed	39,15
MVP Milwaukee Wells [Member]
State	WI
Encumbrance	$ 2,700,000
Initial Cost
Land	4,873,000
Buildings and Improvements
Cost Capitalized Subsequent to Acquisition
Improvements
Carrying Costs
Gross Carrying Amount at December 31, 2019
Land	5,083,000
Building and Improvements
Total	5,083,000
Accumulated Depreciation	$ 57,000
Date Acquired	2017
Life on which depreciation in latest statement is computed	15
MVP Wildwood NJ Lot [Member]
State	NJ
Encumbrance	$ 1,000,000
Initial Cost
Land	1,631,000
Buildings and Improvements
Cost Capitalized Subsequent to Acquisition
Improvements
Carrying Costs
Gross Carrying Amount at December 31, 2019
Land	1,231,000
Building and Improvements
Total	1,231,000
Accumulated Depreciation
Date Acquired	2017
Life on which depreciation in latest statement is computed	N/A
MVP Indianapolis City Park [Member]
State	IN
Encumbrance	$ 7,200,000
Initial Cost
Land	2,055,000
Buildings and Improvements	8,764,000
Cost Capitalized Subsequent to Acquisition
Improvements	114,000
Carrying Costs
Gross Carrying Amount at December 31, 2019
Land	2,056,000
Building and Improvements	8,878,000
Total	10,934,000
Accumulated Depreciation	$ 612,000
Date Acquired	2017
Life on which depreciation in latest statement is computed	39,15
MVP Indianapolis WA Street [Member]
State	IN
Encumbrance	$ 3,400,000
Initial Cost
Land	5,749,000
Buildings and Improvements
Cost Capitalized Subsequent to Acquisition
Improvements
Carrying Costs
Gross Carrying Amount at December 31, 2019
Land	5,749,000
Building and Improvements
Total	5,749,000
Accumulated Depreciation	$ 45,000
Date Acquired	2017
Life on which depreciation in latest statement is computed	15
Minneapolis Venture [Member]
State	MN
Encumbrance	$ 2,000,000
Initial Cost
Land	6,543,000
Buildings and Improvements
Cost Capitalized Subsequent to Acquisition
Improvements
Carrying Costs
Gross Carrying Amount at December 31, 2019
Land	4,012,000
Building and Improvements
Total	4,012,000
Accumulated Depreciation
Date Acquired	2017
Life on which depreciation in latest statement is computed	N/A
MVP Indianapolis Meridian Lot [Member]
State	IN
Encumbrance	$ 938,000
Initial Cost
Land	1,601,000
Buildings and Improvements
Cost Capitalized Subsequent to Acquisition
Improvements
Carrying Costs
Gross Carrying Amount at December 31, 2019
Land	1,601,000
Building and Improvements
Total	1,601,000
Accumulated Depreciation	$ 10,000
Date Acquired	2017
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
Cost Capitalized Subsequent to Acquisition
Improvements
Carrying Costs
Gross Carrying Amount at December 31, 2019
Land	262,000
Building and Improvements
Total	262,000
Accumulated Depreciation	$ 5,000
Date Acquired	2017
Life on which depreciation in latest statement is computed	15
MVP Milwaukee Arena [Member]
State	WI
Encumbrance	$ 2,114,000
Initial Cost
Land	4,632,000
Buildings and Improvements
Cost Capitalized Subsequent to Acquisition
Improvements
Carrying Costs
Gross Carrying Amount at December 31, 2019
Land	4,631,000
Building and Improvements
Total	4,631,000
Accumulated Depreciation
Date Acquired	2017
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
Cost Capitalized Subsequent to Acquisition
Improvements
Carrying Costs
Gross Carrying Amount at December 31, 2019
Land	715,000
Building and Improvements
Total	715,000
Accumulated Depreciation	$ 10,000
Date Acquired	2017
Life on which depreciation in latest statement is computed	15
MVP Denver Sherman 1935 [Member]
State	CO
Encumbrance	$ 752,000
Initial Cost
Land	2,534,000
Buildings and Improvements
Cost Capitalized Subsequent to Acquisition
Improvements
Carrying Costs
Gross Carrying Amount at December 31, 2019
Land	2,533,000
Building and Improvements
Total	2,533,000
Accumulated Depreciation
Date Acquired	2017
Life on which depreciation in latest statement is computed	N/A
MVP Bridgeport Fairfield Garage [Member]
State	CT
Encumbrance	$ 4,025,000
Initial Cost
Land	498,000
Buildings and Improvements	7,758,000
Cost Capitalized Subsequent to Acquisition
Improvements
Carrying Costs
Gross Carrying Amount at December 31, 2019
Land	498,000
Building and Improvements	7,758,000
Total	8,256,000
Accumulated Depreciation	$ 465,000
Date Acquired	2017
Life on which depreciation in latest statement is computed	39,15
Minneapolis City Parking [Member]
State	MN
Encumbrance	$ 4,797,000
Initial Cost
Land	9,838,000
Buildings and Improvements
Cost Capitalized Subsequent to Acquisition
Improvements
Carrying Costs
Gross Carrying Amount at December 31, 2019
Land	9,338,000
Building and Improvements
Total	9,338,000
Accumulated Depreciation	$ 178,000
Date Acquired	2017
Life on which depreciation in latest statement is computed	15
MVP New Orleans Rampart [Member]
State	LA
Encumbrance	$ 5,300,000
Initial Cost
Land	8,105,000
Buildings and Improvements
Cost Capitalized Subsequent to Acquisition
Improvements
Carrying Costs
Gross Carrying Amount at December 31, 2019
Land	8,105,000
Building and Improvements
Total	8,105,000
Accumulated Depreciation
Date Acquired	2018
Life on which depreciation in latest statement is computed	N/A
MVP Hawaii Marks [Member]
State	HI
Encumbrance	$ 13,500,000
Initial Cost
Land	9,118,000
Buildings and Improvements	11,716,000
Cost Capitalized Subsequent to Acquisition
Improvements	294,000
Carrying Costs
Gross Carrying Amount at December 31, 2019
Land	9,118,000
Building and Improvements	12,010,000
Total	21,128,000
Accumulated Depreciation	$ 475,000
Date Acquired	2018
Life on which depreciation in latest statement is computed	39,15
Total [Member]
Encumbrance	$ 160,268,000
Initial Cost
Land	141,258,000
Buildings and Improvements	164,698,000
Cost Capitalized Subsequent to Acquisition
Improvements	10,033,000
Carrying Costs
Gross Carrying Amount at December 31, 2019
Land	138,278,000
Building and Improvements	174,392,000
Total	312,670,000
Accumulated Depreciation	$ 12,262,000

Schedule III (Detail) - Histori

Schedule III (Detail) - Historical Cost Of Total Real Estate Held For Investment - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation Disclosure [Abstract]
Total real estate held for investment, inception (prior)	$ 315,101,000	$ 287,052,000
Additions during period:
Acquisitions		33,166,000
Improvements	2,895,000	5,068,000
Deductions during period:
Dispositions	(3,874,000)
Impairments	(1,452,000)	(10,185,000)
Total real estate held for investment, end of year	$ 312,670,000	$ 315,101,000

Schedule III (Detail) - Sched_2

Schedule III (Detail) - Schedule of Accumulated Depreciation - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation Disclosure [Abstract]
Accumulated depreciation, inception (prior)	$ 7,110,000	$ 2,231,000
Deductions during period:		(38,000)
Depreciation and amortization of real estate	5,152,000	4,917,000
Accumulated depreciation, end of year	$ 12,262,000	$ 7,110,000

Organization and Proposed Busin

Organization and Proposed Business Operations (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Date of Incorporation	May 4, 2015
Common Stock, Par or Stated Value Per Share	$ 0.0001	$ 0.0001
Shares Issued and Outstanding	7,332,811	6,542,797
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	39,811
Preferred stock, shares outstanding	39,811	39,811

Summary of Significant Accoun_5

Summary of Significant Accounting Policies (Details Narrative)	12 Months Ended
	Dec. 31, 2019USD ($)shares	Dec. 31, 2018USD ($)shares
Number of Parking Tenants	15	15
Concentration Risk, Percentage, Major Customer, SP+	60.80%
Major Customer SP+ Characteristics	SP+ is one of the largest providers of parking management in the United States. As of December 31, 2019, SP+ managed approximately 3,100 locations in North America.
Impairment of Long-Lived Assets	$ 1,500,000	$ 600,000
Federally Insured Amount Limit	250,000	250,000
Cash In Excess Of The Federally Insured Limits	2,700,000	500,000
Advertising Costs
Outstanding Common Share Equivalents | shares
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	39,811
Real Estate [Member] | Memphis Court lot [Member]
Impairment of Long-Lived Assets	$ 558,000
Real Estate [Member] | San Jose 88 garage [Member]
Impairment of Long-Lived Assets	344,000
Real Estate [Member] | St. Louis Washington lot [Member]
Impairment of Long-Lived Assets	50,000
Real Estate [Member] | Minneapolis City lot [Member]
Impairment of Long-Lived Assets	$ 500,000
Real Estate [Member] | Wildwood NJ Lot [Member]
Impairment of Long-Lived Assets		$ 400,000
Real Estate [Member] | Memphis Court lot [Member]
Impairment of Long-Lived Assets		$ 200,000

Related Party Transactions an_2

Related Party Transactions and Arrangements (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Ownership of Company Stock
Common Stock Outstanding	7,332,811	6,542,797
Distributions Paid - DRIP		$ 307,000
Fees Paid in Connection with the Operations of the Company
Operating Expenses, Incurred by Advisor	$ 58,586,000	20,135,000
Sponsor [Member]
Ownership of Company Stock
Common Stock Outstanding	9,107
VRM II [Member]
Ownership of Company Stock
Common Stock Outstanding	844,960
Distributions Paid - DRIP		33,000
VRM I [Member]
Ownership of Company Stock
Common Stock Outstanding	456,834
Distributions Paid - DRIP		19,000
Advisor [Member]
Fees Paid in Connection with the Operations of the Company
Asset Management Fees Due	900,000	2,000,000
Operating Expenses, Incurred by Advisor	$ 1,400,000
Operating Expenses, Reimbursed To Advisor		$ 200,000

Stock-Based Compensation (Detai

Stock-Based Compensation (Details Narrative) - shares	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Stock Options Granted Percentage Limit	10.00%
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) - One Property [Member]	12 Months Ended
	Dec. 31, 2018USD ($)a
Percentage Owned in Property	87.09%
Carrying Value	$ 6,100,000
Size of Property | a	2.2
Cash Sale	$ 3,000,000

Disposition of Investments in_2

Disposition of Investments in Real Estate (Details Narrative)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Ft. Lauderdale [Member]
Real Estate Trasaction, property sold	On September 23, 2019 the Company, through an entity wholly owned by the Company, sold a surface parking lot and office building in Ft. Lauderdale for cash consideration of $6.1 million to Fort Lauderdale Properties Management, LLC, a third-party buyer. The Company used $2.0 million of the proceeds to pay off the existing promissory note secured by the MVP PF Ft. Lauderdale 2013, LLC. The property was originally purchased in July 2013 by MVP REIT, Inc., and the property was later acquired by The Parking REIT, Inc. for approximately $3.4 million based upon original purchase price and the allocation of the merger consideration for the merger of MVP REIT, Inc. and MVP REIT II, Inc. in December 2017. The gain on sale is approximately $2.3 million.
Memphis Court [Member]
Real Estate Trasaction, property sold	On October 29, 2019, the Company, through an entity wholly owned by the Company, sold a surface parking lot and office building in Memphis for cash consideration of $675,000 to KNM Development Group, LLC, a third-party buyer. The property was originally purchased in August 2013 by MVP REIT, Inc., and the property was later acquired by The Parking REIT, Inc. for approximately $1.0 million based upon the original purchase price and the allocation of the merger consideration for the merger of MVP REIT, Inc. and MVP REIT II, Inc. in December 2017. The gain on sale is approximately $0.2.
St. Louis [Member]
Real Estate Trasaction, property sold		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.
Kansas City [Member]
Real Estate Trasaction, property sold		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.

Notes Payable (Details Narrativ

Notes Payable (Details Narrative) - Loans [Member] - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Interest Incurred	$ 8,600,000	$ 7,800,000
Loan Amortization Cost	$ 900,000	$ 1,700,000

Investment In DST (Details Narr

Investment In DST (Details Narrative)	1 Months Ended	12 Months Ended
	May 31, 2017USD ($)a	Dec. 31, 2019USD ($)	Dec. 31, 2018USD ($)
Mortgage
Base rent income		$ 20,151,000	$ 19,534,000
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
Base rent income		218,000	205,000
Distributions Received		$ 203,000	$ 205,000
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

Preferred Stock and Warrants (D

Preferred Stock and Warrants (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Preferred Stock Series A [Member]
Preferred stock, shares authorized	50,000	50,000
Preferred stock par value	$ 0.0001	$ 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, 2019, the increased dividend rate costs 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.
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, 2019, 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, 2019 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	97,000
Preferred stock par value	$ 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, 2019, the increased dividend rate costs 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.
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, 2019, 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, 2019 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.

Deferred Management Internali_4

Deferred Management Internalization (Details Narrative)	1 Months Ended
	Apr. 30, 2019shares
Restructuring and Related Activities [Abstract]
Shares Issued, first installment Internalization transaction	400,000

Employee Benefit Plan (Details

Employee Benefit Plan (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Retirement Benefits [Abstract]
Matching 401(k) Contribution Expense	$ 12,000

Subsequent Events (Details Narr

Subsequent Events (Details Narrative) - Suspension of Distributions [Member]	1 Months Ended
	Mar. 24, 2020
Date of Event	Mar. 24, 2020
Description	On March 24, 2020, the Company’s board of directors unanimously authorized the suspension of the payment of distributions on the Series A and Series 1, however, such distributions will continue to accrue in accordance with the terms of the Series A and Series 1.