Comrit Launches Tender Offer for Shares of Moody National REIT II

The board of Moody National REIT II Inc., a publicly registered, non-traded real estate investment trust, made a filing with the Securities and Exchange Commission announcing an unsolicited tender offer from Comrit Investments 1 LP, a Tel Aviv-based investment fund.

Comrit is 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. The company announced an estimated net asset value per share of $19.45 as of December 31, 2022.

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

In a letter to Moody REIT II shareholders, Comrit said their offers expire on July 31, 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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