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ATLANTA-Houston-based Moody National REIT I, a non-traded publicly-registered REIT, which became effective on April 15, 2009, made its first official purchase with the 128-unit Residence Inn by Marriott in Atlanta’s Perimeter Center. The REIT’s focus is on acquiring select-service hotels in the top 25 metropolitan markets. Over the next two years, plans call for it to raise $1.1 billion through the sale of shares to fund more acquisitions.

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