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Lodging Fund REIT III Appoints Chief Financial Officer

Lodging Fund REIT III Inc., a publicly registered non-traded real estate investment trust, has appointed Samuel Montgomery as chief financial officer, effective immediately.

Lodging Fund REIT III Inc., a publicly registered non-traded real estate investment trust, has appointed Samuel Montgomery as chief financial officer, effective immediately, to replace Katie Cox, who tendered her resignation to pursue other business opportunities.

Montgomery has served as the chief operating officer of Lodging Fund REIT III’s sponsor, Legendary Capital LLC, since December 2016, and will continue to serve in that role. He is a certified public accountant in North Dakota, Florida, and Tennessee and has more than a decade of experience serving asset managers in the REIT and private equity sectors.

Montgomery previously spent six years with Ernst & Young, primarily in their Chicago financial services group. He also spent five years with PricewaterhouseCoopers servicing financial services clients primarily from their Tampa, Florida office.

Upon relocating to Fargo, North Dakota, in June 2016, He joined Eide Bailly LLP’s tax practice serving a variety of real estate clients. He earned a bachelor’s degree in accounting from University of Miami, and a Master of Taxation from Nova Southeastern university.

Lodging Fund REIT III was formed in April 2018 to invest in limited-service, select-service and extended stay hotel properties located primarily in “America’s Heartland,” which the company defines as the geographic area from North Dakota to Texas and the Appalachian Mountains to the Rocky Mountains. The REIT raised $70.8 million in investor equity, as of the second quarter of 2020, and launched a $100 million private offering in June 2018. As of June 30, 2020, Lodging Fund REIT III owned a $102 million portfolio of seven hotel properties with a total of 706 rooms located in six states.

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