Las Vegas real estate investor Michael Shustek plans to bet big — $550 million — that he can profit off some of the hardest-hit markets in the country.
Through his new investment fund, MVP REIT, Shustek wants to raise up to $550 million from investors to buy commercial mortgage loans and commercial properties in Nevada, Arizona and inland California. He launched the fund in April and received clearance this week from the U.S. Securities and Exchange Commission to start selling shares.
