Moody National REIT II Inc., a publicly registered non-traded real estate investment trust, has resumed offering shares in its $1 billion initial public offering after suspending sales last month in order to implement a number of changes to its structure and the compensation paid to its advisor.
The REIT’s board approved an increase to the distribution rate for the first quarter 2018 to 7 percent based on a purchase price per share of $25.04 ($1.7528 per share per year, or approximately $0.004802 per share per day). The distribution will be paid monthly. Last year stockholders received an annual distribution of 6.29 percent based on a purchase price of $27.82 ($1.75 per share per year, or approximately $0.00479 per share per day).