Press Release | 09.07.2021

MSP announces programmatic JV with Express Car Wash operator in Florida

MSP has partnered with Vybe Investments to develop and acquire best-in-class car washes throughout Florida. The Partnership has created the Pink Bird Car Wash brand under which the assets will operate. The Partnership has closed on the first two developments in West Palm Beach, Florida. The West Palm Beach market features limited potential car wash development sites and significant neighbor resistance to new car wash development. The locations provide strong fundamentals with a population of ~1.5 million and a population growth of ~13% over the past ten years.