Moody National REIT II Inc., a publicly registered non-traded real estate investment trust, announced that its board of directors determined an estimated value per share of $25.03 for the company’s common stock, as of October 31, 2015.
“In an effort to provide transparency for investors, we elected to value our shares. We are pleased that the estimated value highlights the successful execution of our strategy to date,” said Brett Moody, chief executive officer of Moody National REIT II.
The estimated value per share is based on the estimated value of the company’s assets less the estimated value of the company’s liabilities divided by the number of outstanding shares of the company’s common stock.
As of October 31, 2015, the company held an ownership interest in one hotel commonly known as the Residence Inn Austin University Area. The board determined that the market value of the property was $27.5 million based on a July 2015 appraisal performed by Landauer Valuation & Advisory, a division of Newmark Grubb Knight Frank, a third party appraiser.
Moody National REIT II is in the very early stages of raising capital in its continuous public offering. When the company raises additional capital from the sale of shares of common stock and invests in additional real estate properties, its assets and liabilities, and the value per share of its common stock, may vary from these values.
Moody National REIT II acquires select-service hotels in major markets across the United States. The REIT is sponsored by Moody National REIT Sponsor LLC, an affiliate of the Moody National Companies, a full-service commercial real estate company inclusive of mortgage, development, management, realty and title divisions. Founded in 1996, Moody National Companies has managed more than $2 billion in commercial real estate.