At Moody National, they are not securities dealers or wealth managers providing real estate investments as a sideline—they are experienced real estate professionals dedicated to sponsoring Class A assets in major metropolitan markets. Moody National Realty Company, L.P. and its affiliates have raised equity from more than 3,000 investors through 47 privately offered real estate programs for a total capitalization of approximately $2 billion. In addition, Moody National Realty Company, L.P. and its affiliates have acquired approximately 65 hotels throughout the United States, including a 20 property portfolio consisting of more than 3,700 rooms for approximately $400 million in 2007, which was ranked the fourth largest transaction within the U.S. hotel industry.