Moody National REIT I Offers $25 Million in DRIP Shares

Moody National REIT I Inc., a publicly registered non-traded real estate investment trust, has registered an offering up to $25 million in shares to existing stockholders pursuant to the company’s distribution reinvestment plan. The purchase price for DRIP shares is $9.50 per share.

Yesterday, the DI Wire reported that the company deregistered 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.

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.

Visit Moody National Companies in The DI Wire’s directory here.