- Sector
- Industrials
- Industry
- Industrial - Infrastructure Operations
- Address
- United States of America
- IPO Date
- Nov 14, 2022
- Business
- Mobile Infrastructure Corporation (NYSE American: BEEP), a Maryland corporation founded in 2015 and headquartered at 30 West 4th Street in Cincinnati, Ohio, owns and operates a diversified portfolio of parking assets across the United States, including parking lots, garages, and related structures totaling approximately 15,100 spaces and 5.2 million square feet as of March 2025, plus 0.2 million square feet of adjacent retail and commercial space; the company targets top 50 metropolitan statistical areas with diverse demand drivers such as urban cores and event venues, employing a value-add asset management strategy leveraging over 40 years of management team experience to optimize utilization in a fragmented market. It generates revenue through ownership, leasing, and active management of these facilities, serving institutional and commercial clients nationwide with a focus on the Midwest and other key regions. Formerly known as MVP REIT II and The Parking REIT, the company completed a business combination with Fifth Wall Acquisition Corp. III in August 2023 to go public, closed a $100 million asset-backed securitization and $87.5 million in refinancings in late 2024 to extend debt maturities and add lending partners while maintaining leverage below 55% loan-to-value, bought out a minority partner in a key asset, and actively pursues acquisitions to expand its portfolio.