Moody Med Center 2 DST

Overview

The Project is a 16-story, 182-room interior corridor select-service hotel that operates as a Residence Inn by Marriott®. The Project is situated on approximately 1.417 acres located at 7807 Kirby Drive, Houston, Texas. According to the Appraisal, the Project features a breakfast area, bar, business center, 4,028 square feet of meeting space, fitness center, indoor pool, guest laundry facilities and parking garage. The Project was built in 2018. According to the Appraisal, the Project provides 182 garage parking spaces including 8 accessible parking spaces. The Master Tenant was granted a non-exclusive license to use the Residence Inn by Marriott® hotel brand at the Project pursuant to the Franchise Agreement with MIF, L.L.C. The Trust does not have any rights to such license.

The Project is located in the Medical Center District of Houston, Texas, approximately 5 miles southwest of downtown Houston, with convenience access to U.S. Highway 90 and IH-610. According to the Appraisal, the Project is located in close proximity to various demand generators including TMC and several hospitals, medical centers, research facilities and medical schools, NRG Stadium and the Houston Zoo. The closest airport is Houston Hobby Airport which is approximately 10.2 miles from the Project.