The board of Moody National REIT II, Inc., a publicly registered non-traded real estate investment trust, approved an estimated value of $25.04 per share. The company’s previously approved NAV was $25.03 per share.
Beginning April 3rd, shares sold in the primary public offering will be priced at $27.82 each. Shares sold through the company’s distribution reinvestment plan will be priced at $25.04, beginning with distributions made in April 2017.
The REIT’s advisor, Moody National Advisor II LLC, performed the valuation in accordance with Investment Program Association guidelines and engaged CBRE Inc. – Valuation & Advisory Services and Landauer Valuation & Advisory, a division of Newmark Grubb Knight Frank, to provide appraisals of the REIT’s two hotel properties.