The board of Moody National REIT II Inc., a publicly registered non-traded real estate investment trust, has approved a $23.32 net asset value per share for the company’s common stock as of December 31, 2018. The previous NAV per share was $23.19 as of December 31, 2017, as reported by the DI Wire. Shares were originally priced at $25.00 each.
The valuation is based on the estimated value of the REIT’s assets, less the estimated value of its liabilities, divided by the approximate number of shares outstanding, calculated as of December 31, 2018. Kendall Realty Consulting Group LLC provided property appraisals, and the company noted that the valuation was performed in accordance with practice guidelines established by the Institute of Portfolio Alternatives (formerly the Investment Program Association).