Vestin Realty Mortgage I, Inc. (VRM I) operates as a real estate investment trust. The investment objective of VRM I is to invest approximately 97% of the assets in real estate loans, while maintaining approximately 3% as a working capital cash reserve. As of December 31, 2011, the Company was authorized to operate two reportable segments: investments in real estate loans and investments in real property. As of December 31, 2011, VRM I had not commenced investing in real property. The manager of VRM I is Vestin Mortgage, LLC. In August 2013, the Company forms partnership with Vestin Realty Mortgage II Inc and MVP REIT Inc, and acquired three independently located parking facilities. In September 2013, Vestin Realty Mortgage I Inc together with its partners completed the acquisition of a portfolio consisting of five surface parking lots and a single parking garage located in Maryland, Missouri, Tennessee and Florida.