Which two nontraded REITs announced plans to merge on November 16, 2016, subject to approval by their shareholders?
Answer: Moody National REIT I and Moody National REIT II announced plans to merge. Both REIT I and REIT II are sponsored by Moody National REIT Sponsor, LLC, an affiliate of the Moody National Companies, a full-service commercial real estate company that includes mortgage, development, management, realty, title and insurance divisions.
Learn more about Moody National Companies on our Sponsor Focus page.