The largest institutional quality parking lot operator in the United States: Mobile Infrastructure Corp. (BEEP)

Mobile Infrastructure Corp. (NYSE: BEEP), formerly known as The Parking REIT, Inc., was founded in 2015. It acquired poorly managed parking facilities in the top 50 metropolitan statistical areas (MSA) in China, and implemented various asset management plans to release its internal advantages, thus establishing an industry-leading reputation. In August 2023, Mobile Infrastructure Corporation passed the Special purpose acquisition company Fifth Wall Acquisition Corp. III (NASDAQ: FWAC) was listed after merger.

The article originates from the home of American stocks | encyclopedia of American stocks | account opening and investment of American and Hong Kong stocks- https://www.mg21.com/beep.html

Mobile Infrastructure Corp. (BEEP) US Equities Encyclopedia

Mobile Infrastructure is an internally managed and publicly registered Unlisted company , mainly investing in parking lots and garages in the United States. As of September 30, 2022, it has 44 parking facilities in 22 independent markets in the United States, a total of 15750 parking spaces, and about 5.4 million square feet and about 200000 square feet of commercial space adjacent to its parking facilities. The article originates from the home of American stocks | encyclopedia of American stocks | account opening and investment of American and Hong Kong stocks- https://www.mg21.com/beep.html

Mobile Infrastructure Corp. Investment highlights: The article originates from the home of American stocks | encyclopedia of American stocks | account opening and investment of American and Hong Kong stocks- https://www.mg21.com/beep.html

• Attractive Cash Flow Characteristics: Parking has an attractive income situation, which combines regular monthly contracts and weekly, daily and hourly arrangements to provide natural inflation hedging through adjustable interest rates. The assets in the MIC portfolio benefit from various demand drivers in the high flow CBD. The continuous operating expenses and recurrent capital expenditure of MIC's parking assets are very low.
• Experienced Management Team: MIC is led by an experienced management team. They have more than 40 years of industry experience and relationships in the parking industry, including the former CEO of the Parking Company of America.
• Growth Opportunities through Active Asset Management: The parking industry has historically underinvested in technology and asset management plans. MIC uses proprietary technology to maximize revenue and profitability through customer data collection, dynamic rate optimization, and demand strategies. In addition, MIC also determined the percentage of rental operator leases, which can adjust incentives and obtain significant growth contribution rate.
• Fragmented Industry Ripe for Consolidation: The ownership of parking assets is highly decentralized, and most industry assets are held by local small owner operators, who usually own one to five properties in a specific market. In addition, due to the heavy zoning restrictions and the scarcity of land in the downtown environment, the supply is naturally limited, creating a favorable background for integration and growth. The expected return from the transaction will fund external growth and future expansion and enable MIC to accelerate its acquisition plan.

Mobile Infrastructure Corp. (BEEP) is listed

On December 13, 2022, Fifth Wall Acquisition Corp. III (NASDAQ stock code: FWAC), a special purpose acquisition company (SPAC) initiated by a related company of Fifth Wall, announced today that it had signed a final business merger agreement with Mobile Infrastructure Corp. ("MIC"). MIC is Largest in the United States It is one of the owners of parking assets with high institutional quality and mobility as the center. After this transaction, the merged company is expected to New York stock exchange Public trading, stock code is "BEEP". The valuation of the combined company by business combination is about 550 million dollars. The article originates from the home of American stocks | encyclopedia of American stocks | account opening and investment of American and Hong Kong stocks- https://www.mg21.com/beep.html

The transaction has been unanimously approved by the Board of Directors of MIC and FWAC. The transaction is expected to be completed in the second quarter of 2023. The article originates from the home of American stocks | encyclopedia of American stocks | account opening and investment of American and Hong Kong stocks- https://www.mg21.com/beep.html

On August 10, 2023, Fifth Wall Acquisition Corp. III (NASDAQ stock code: FWAC) announced at the 8-K meeting that its shareholders approved its merger with Mobile Infrastructure, the owner of parking assets, at the special meeting on the same day. The common shares of the merged company were listed on the New York Stock Exchange on August 28, with the stock code of "BEEP". The article originates from the home of American stocks | encyclopedia of American stocks | account opening and investment of American and Hong Kong stocks- https://www.mg21.com/beep.html

Mobile Infrastructure Corp. (BEEP) US equity investment