CINCINNATI–(BUSINESS WIRE)–Mobile Infrastructure Corporation, a publicly registered, non-listed company which invests primarily in parking lots and garages in the United States, announced today the appointment of Toby Asbury as Chief Operating Officer effective October 25, 2022.
Manuel Chavez, CEO of Mobile Infrastructure said, “We have worked with Toby in various capacities since 2018. He is well versed in the parking industry, knowledgeable in operations and technology, has strong experience in managing large capital projects, and has proven to be an inspiring leader with his team over the time he has been with Mobile. We are confident that in his new role, Toby will continue to advance our team’s efforts towards ongoing process and operational enhancements for our assets.”
Since August 2021, Asbury has served as Vice President of Asset Management of the Company. Prior to joining MIC, Asbury held various C-suite executive positions of several privately held companies. Asbury has 20 years of large scale capital expenditure and parking experience, across industries in real estate assets, including at companies such as pKatalyst, Inc., Linkology Inc., Laiya Enterprises, Inc., and CFS Construction Inc. Asbury is an Evans Scholar, has an MBA from Xavier University and a B.S. in Chemistry from Miami University.
About Mobile Infrastructure Corporation
Mobile Infrastructure is an internally-managed, publicly registered, non-listed company that invests primarily in parking lots and garages in the United States. As of June 30, 2022, it owned 45 parking facilities located in 23 separate markets throughout the United States, with a total of 15,818 parking spaces and approximately 5.5 million square feet and approximately 0.2 million square feet of commercial space adjacent to its parking facilities. For more information, please visit www.mobileit.com.