MVP REIT II Inc. sold about 3,620 series 1 convertible redeemable preferred shares and corresponding warrants in its upsized private offering, generating roughly $3.6 million in gross proceeds.

The company initially issued 2,203 series 1 preferred shares and warrants to accredited investors, for roughly $2.2 million in gross proceeds.

MVP REIT II is in the process of acquiring MVP REIT Inc.