Cliff McDaniel Named New Director at Moody National REIT II

Moody National REIT II Inc., a publicly registered non-traded real estate investment company, announced that Douglas Bech resigned as an independent director on the company’s board of directors and audit committee. His resignation was not the result of any disagreements with the company, according to a filing with the Securities and Exchange Commission.

To fill the vacancy, the board elected Clifford McDaniel to serve as an independent director until the next annual meeting of stockholders and until his successor is elected. The board also appointed McDaniel to serve as a member of the audit committee. He was granted 5,000 shares of restricted stock, pursuant to the company’s independent directors’ compensation plan.

McDaniel serves as an executive managing director within ARA Newmark’s affordable housing group where he specializes in Low Income Housing Tax Credit investments. His clients include Trammell Crow Residential, AIG, AIMCO, Wood Partners, Morrison Grove, Wentwood Capital and Boston Financial.

Moody National REIT II focuses on hospitality properties primarily on the premier-brand, select-service segment of the hospitality sector. The company went effective in January 2015 and has raised $16.5 million since inception, according to the January edition of the Stanger Market Pulse.

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