Moody National REIT I Deregisters Remaining Shares

Moody National REIT I Inc., a publicly registered non-traded real estate investment trust, will deregister its remaining unsold shares of common stock, totaling 87,565,258.21 shares, from its follow-on offering. The company terminated the sale of its common stock shares in February 2015, but continued to sell DRIP shares.

In its follow-on offering, which commenced in October 2012, Moody National REIT I registered a total of 100,526,316 shares of common stock for sale, comprised of 90,000,000 shares offered to the public and 10,526,316 shares allocated for the distribution reinvestment plan. The shares were priced at $10 per share for common stock and $9.50 for DRIP, offering a total of $900 million and $100 million in shares, respectively. To date, the company has issued a total of 12,961,057.793 shares in its primary public offering and pursuant to the DRIP.

The REIT’s portfolio consists of nine hotel properties located in Texas, Tennessee, South Carolina, California and Pennsylvania comprising a total of 1,185 rooms. In addition, the company holds a joint venture interest in a 227-suite hotel property in Lyndhurst, New Jersey and a 74.5 percent joint venture interest in a mortgage note secured by a hotel property in Grapevine, Texas.

The original Moody National REIT I offering, which commenced in April 2009 and terminated in October 2012, sold 1,126,253 shares of its common stock, including 29,582 DRIP shares, for aggregate proceeds of $10,966,713.

Moody National REIT II was launched in January 2015 and seeks to raise up to $1 billion. Moody’s newest REIT will also invest in hospitality properties and focus primarily on select-service hotels.

Moody National REIT I Inc. is a real estate investment trust that owns select-service hotels in major markets across the United States. The company is sponsored by Moody REIT Sponsor LLC, an affiliate of the Moody National Companies, which is a full-service commercial real estate firm inclusive of mortgage, development, realty and title divisions. Founded in 1996, Moody National Companies has managed more than $2 billion in commercial real estate.

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