2011 Annual Meeting

On December 15, 2011, Vestin Realty Mortgage I, Inc., (the “Company”), held its 2011 Annual Meeting of stockholders. Stockholders were asked to vote with respect to the following four proposals:

  1. To elect two directors to serve until the 2014 Annual Meeting of Stockholders and until their successors are duly elected and qualify;
  2. To consider and vote upon the ratification of the appointment of JLK Partners, LLP as the independent registered public accountants of the Company for the fiscal year ending December 31, 2011;
  3. To consider and vote upon an amendment to the Company’s Bylaws to expand its investment policy to include investment in and acquisition, management and sale of real property or the acquisition of entities involved in the ownership or management of real property; and
  4. To consider and vote upon an amendment to the Company’s charter to change the term of the Company’s existence from expiration December 31, 2020 to perpetual existence.

A majority of stockholders voted “for” all four proposals. For results of the vote please refer to the 8K filed with the SEC on December 19, 2011.

Vestin Realty Mortgage I

Vestin Realty Mortgage I (NASDAQ: VRTA), previously Vestin Fund I, commenced operations in August 2000 and currently has assets of approximately $21 million. Our core business is investing in commercial real estate loans.

We invest approximately 97% of our assets in commercial real estate loans and maintain a working capital reserve of approximately 3%.

We currently have investments in commercial real estate loans in five states. The majority of our loans are made to real estate developers.

Our principal investment objectives are to:

  • produce revenues from the interest income on our real estate loans;
  • provide cash dividends from the net income generated by our real estate loans; and
  • reinvest, to the extent permissible, payments of principal and net proceeds from sales of foreclosed properties.