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Las Vegas Sun

Investor willing to take $550 million gamble on distressed Las Vegas properties

September 28, 2012

Las Vegas real estate investor Michael Shustek plans to bet big ? $550 million big ? 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.

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