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Comrit Launches New Tender Offer for Shares of Moody National REIT II

Comrit Launches New Tender Offer for Shares of Moody National REIT II. Alternative investments, investment, Moody, Moody National Companies, Moody National REIT II, real estate investment trust, REIT
Comrit Launches New Tender Offer for Shares of Moody National REIT II. Alternative investments, investment, Moody, Moody National Companies, Moody National REIT II, real estate investment trust, REIT

Comrit Investments 1 LP has launched a new unsolicited tender offer for shares of Moody National REIT II Inc., a non-traded real estate investment trust that invest in hospitality assets.

As The DI Wire previously reported, Comrit made a separate offer in August 2023. The prior proposal included Comrit offering to purchase up to 675,000 shares of Class A common stock and up to 25,000 shares of Class T common stock of the company at a price of $10.86 per share.

Comrit is currently offering to purchase up to 234,291 shares of Class A common stock and up to 25,000 shares of Class T common stock of the company at a price of $11.57 per share.

Moody National REIT II announced an estimated net asset value per share of $19.45 as of March 24, 2023.

Shares of Moody National REIT II most recently traded on LODAS Markets, previously known as Realto, for $6.60.

Comrit says the offers expire on Nov. 17, 2023.

Moody National Companies is a full-service commercial real estate company that includes mortgage, development, management, realty, title and insurance divisions. Founded in 1996, Moody National Companies has managed more than $2.2 billion in commercial real estate.

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