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New Year Brings Another Comrit Tender Offer for Shares of Moody National REIT II

New Year Brings Another Comrit 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 January 2024 unsolicited tender offer for shares of Moody National REIT II Inc., a non-traded real estate investment trust that invests in hospitality assets.

Comrit is offering to purchase up to 247,934 shares of Class A common stock and up to 27,548 shares of Class T common stock of the company at a price of $10.89 per share. The offers expire March 6, 2024.

Moody National REIT II announced an estimated net asset value per share of $19.45 as of March 24, 2023. This reflects the REIT’s estimated per share NAV as of December 31, 2022. The REIT may publish an update to its estimated NAV per share during the period in which these offers are open.

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

As The DI Wire previously reported, Comrit made a tender offer in August 2023 and then again in October 2023. The October proposal included Comrit 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 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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