Maxus Realty Trust, Inc., a Real Estate Investment Trust (REIT)

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MAXUS REALTY TRUST, INC.

Maxus Realty Trust, Inc. (“MRTI”), is a fully integrated Real Estate Investment Trust ("REIT") that is in the business of acquiring, investing, developing and redeveloping multifamily and commercial properties in Missouri, Arkansas, Florida, Kentucky,  Georgia, Alabama, Oklahoma, Texas, Louisiana, Mississippi, North Carolina and Kansas.  MRTI currently has ownership interests in 34 multifamily properties (9,086 apartment homes) and has 222,000 square feet of retail space.

MRTI's investment strategy has two components: constant monitoring of existing markets, and evaluation of new markets to identify areas with the characteristics that underlie rental growth.  MRTI's strong financial condition supports its investment strategy by providing access to a range of capital alternatives.  This enhances MRTI's  ability to quickly shift its acquisition, development, and disposition activities to markets that will optimize the performance of the portfolio, thereby increasing their ability to generate cash flow for future investments.  MRTI's  common stock trades on the Pink Sheets, an over-the-counter, inter-dealer electronic quotation trading system at www.otcmarkets.com  (symbol: MRTI.PK).

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Latest News 

August 24, 2020 - MRTI completed the acquisition of the River Vista apartment community in Wichita, Kansas. River Vista was constructed in 2018 and includes 202 units compromising approximately 172,160 square feet.

May 19, 2020 - Maxus Realty Trust, Inc. (“MRTI”) announced today that it is providing webcast access to its upcoming annual meeting of shareholders being held on Tuesday, June 16, 2020 at 10:00 a.m. (CST) (the “meeting”). While attendance in person at the annual meeting will still be permitted, MRTI strongly encourages all shareholders to access the meeting online via webcast, rather than attending the meeting in person.

MRTI is providing webcast access to the annual meeting in response to the risks associated with the COVID-19 pandemic, and reflects MRTI’s commitment to ensure the health and welfare of its shareholders, directors, officers and employees. Only a limited number of MRTI officers needed to conduct the business of the meeting will be present, and no other officers or directors are expected to attend the meeting in person.  If shareholders not attending the annual meeting wish to submit questions, they may do so by emailing Jacqui Winfrey at Jwinfrey@maxusprop.com by June 15, 2020.  MRTI will answer as many questions as time permits at the meeting.

Please be advised that shareholders will not be deemed "present" and will not be able to vote their shares, or revoke or change a previously submitted vote, at the annual meeting by accessing the meeting via webcast.  Whether or not shareholders plan to attend the annual meeting, MRTI urges shareholders to vote and submit their proxy in advance of the meeting by one of the methods described in the Company’s management proxy circular dated May 1, 2020 (the “proxy circular”). Only shareholders as of the record date (April 28, 2020) or valid proxyholders may attend the meeting, and shareholders are reminded that their completed proxy forms must be received no later than 12:00 a.m. (CST) on Monday, June 15, 2020.  

To access the meeting via webcast, shareholders must first scan their proxy card or other proof of ownership to Jacqui Winfrey at Jwinfrey@maxusprop.com no later than June 15, 2020.  Upon verification of a shareholder's proxy card or other proof of ownership, the shareholder will be provided with access information for the webcast. 

March 1, 2019- MRTI completed the acquisition of the Reflections of Island Park apartment community in Shreveport, Louisiana. Reflections of Island Park was constructed in 2007 and includes 168 units compromising approximately 227,360 square feet.  

June 27, 2018 - MRTI completed the acquisition of the Wellington at Chenal apartment community in Little Rock, Arkansas. The Wellington at Chenal was constructed in 1997 and includes 178 apartment units compromising approximately 175,861 square feet.

May 23, 2018 -  MRTI announced today that the Board of Trustees approved an increase in the regular monthly cash dividend of 20% to $0.60 per share of common stock. The dividend represents an annualized dividend of $7.20 per common share. The increased dividend of $0.60 per share is payable on July 13, 2018 to shareholders of record as of the close of trading on June 29, 2018. The Trustees also declared a $0.60 per share dividend on MRTI’s common stock payable on August 15, 2018 to shareholders of record as of the close of trading on July 31, 2018.

December 21, 2017 - MRTI completed the acquisition of a controlling interest in Frisco Square for $45.5 million.  Frisco Square consists of 114 apartment units and 130,000 square feet of office and retail space.  

October 31, 2017 - Maxus announced today that the Board of Trustees approved an increase in the regular monthly cash dividend of 25% to $0.50 per share of common stock. The dividend represents an annualized dividend of $6.00 per common share. 

August 11, 2017- Maxus has completed the acquisition of the Village at Lionsgate apartment community in Overland Park, Kansas. Village at Lionsgate was constructed in 2000 and includes 260 apartment units compromising approximately 385,528 square feet. 

July 12, 2017 - Maxus has completed the acquisition of the Waterford Place apartment community in Stockbridge, Georgia. Waterford Place was constructed in 1996 and includes 400 apartment units compromising approximately 447,492 square feet.

June 8, 2017 - Maxus has completed the acquisition of the Carmendy Square apartment community in Lady Lake, Florida. Carmendy Square was constructed in 1999 and includes 152 townhomes compromising approximately 184,152 square feet. 

May 2nd, 2017 - Maxus has completed the acquisition of the Stone Gables apartment community in Raeford, North Carolina. Stone Gables was constructed in 2013 and includes 192 apartment units compromising approximately 206,256 square feet.

January 1, 2017 - Maxus has completed the acquisition of the Olde Oak apartment community in Saraland, Alabama. Olde Oak was constructed in 2009 and includes 240 apartment units compromising approximately 216,520 square feet. 

August 24, 2016 - Maxus has completed the acquisition of the Viera at Mandarin apartment community in south Jacksonville, Florida. Viera at Mandarin was constructed in 1984 and includes 188 apartment units compromising approximately 166,000 square feet. 

July 7, 2016- Maxus has completed the acquisition of the Lexington on the Green apartment community in Lithonia, Georgia. Lexington on the Green was constructed in 2002 and includes 216 apartment units comprising approximately 236,652 square feet. 

May 3, 2016- Maxus has completed the acquisition of the Thomaston Crossing apartment community in Macon, Georgia. Thomaston Crossing was constructed in 2014 and includes 250 apartment units comprising approximately 260,040 square feet.  

March 22, 2016 - Maxus announced that the Board of Trustees approved and declared the regular monthly cash dividend of $0.25 per share of common stock for the 2nd quarter 2016.  The dividend represents an annualized dividend of $3.00 per common share.  

December 31, 2015 – Maxus has completed the acquisition of the Mallard Creek apartment community in Horn Lake, Mississippi for $8,160,000.  Horn Lake is a suburb of Memphis, Tennessee.  Mallard Creek was constructed in 1998 and includes 144 apartment units comprising approximately 165,000 square feet.  

December 29, 2015 – MRTI completed the acquisition of The Villaggio apartment community in Bossier City, Louisiana for $22,050,000.  Bossier City is a suburb of Shreveport, Louisiana and home to Barksdale Air Force Base.  The Villaggio was constructed in 2009 and includes approximately 239 apartment units comprising 233,000 square feet.  In addition, the property has approximately 51,000 square feet of retail space.  MRTI intends to convert 15,000 – 20,000 square feet of the retail space into approximately 15 additional apartment units.  

October 22, 2015 - MRTI completed the acquisitions of the Arbors at Natchez Trace a 328 unit apartment community in Ridgeland, Mississippi for $30,100,000. Arbors was constructed in 1995 and the apartments are located on 36 acres with 342,800 square feet of rentable surface and include 1 and 2 bedroom units. 

October 15, 2015 – MRTI completed the acquisition of Colony Park & Grande at Colony Park apartments in Pearl, Mississippi for $16.4 million.  Pearl is a suburb of Jackson, Mississippi.  Upon acquiring the properties, MRTI renamed the combined properties Grand at Pearl Apartments (www.RentGrandAtPearl.com).  Grand at Pearl was constructed in two phases in 1999 and 2004 and includes approximately 322,000 square feet of rentable area spread over 280 apartment units.  

August 21, 2015 – MRTI completed the acquisition of a controlling interest in Cape Fear Multifamily, LLC (“Cape Fear”).  Cape Fear is a single purpose entity that owns the Astoria Apartment Homes (“Astoria”).  Astoria is an apartment community located in Hope Mills, North Carolina that was built in 2011 and includes approximately 299,000 square feet spread over 272 apartment units.  

August 18, 2015- - MRTI announced that the board of trustees approved and declared the regular monthly cash divided of $0.25 per share of common stock for the 4th quarter. The dividend represents an annualized dividend of $3.00 per common share.

July 15, 2015 – MRTI completed the acquisition of Cross Creek Apartments in Wichita, Kansas for $14.9 million.  Cross Creek includes approximately 239,000 square feet of rentable area spread over 256 apartment units.  Cross Creek is similar in size and design to Berkshire Apartments, which is also located in Wichita and is owned by MRTI.

ACQUISITIONS

MRTI will pursue acquisition opportunities within its core markets.  In addition to these markets, MRTI may consider acquisition opportunities in other markets where marketplace trends would allow for future growth.  MRTI typically acquires assets on an all-cash basis; however we will consider assumption of existing financing. 

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Make Contact

104 Armour Road
North Kansas City, MO 64116

P.O. Box 34729
North Kansas City, MO 64116

816-303-4500

A Real Estate Investment Trust, or (“REIT”), is a company that owns, and in most cases, operates income-producing real estate.  Maxus Realty Trust, Inc. (“MRTI”), is a fully integrated REIT that is in the business of acquiring, investing, developing and redeveloping multifamily and commercial properties in Missouri, Arkansas, Florida, Kentucky,  Georgia, Alabama, Oklahoma, Texas, Louisiana, Mississippi, North Carolina and Kansas.  MRTI currently has ownership interests in 34 multifamily properties (9,086 apartment homes) and has 222,000 square feet of retail space.


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