Transcontinental Realty Investors, Inc. (TCI) Company Bio
Transcontinental Realty Investors, Inc. acquires, develops, and owns residential and commercial real estate properties through acquisitions, leases, and partnerships in the United States. The company was founded in 1983 and based in Dallas, Texas.
DALLAS--(BUSINESS WIRE)--Transcontinental Realty Investors Inc., (NYSE: TCI) a Dallas based real estate investment company, is pleased to announce the recent sale of two older vintage properties, along the Gulf Coast area of Texas and Florida respectfully. The Texas property was built in 1999 and consisted of 144 units. The Florida property is a small garden property built in 1969. “TCI recently sold two assets to further perfect our portfolio,” commented Daniel J. Moos, TCI President and CEO.
DALLAS--(BUSINESS WIRE)--Southern Properties Capital, a subsidiary of Transcontinental Realty Investors Inc., (NYSE: TCI) a Dallas based real estate investment company, is pleased to announce that Windmill Farms development continues to expand. SPC recently sold a 2 acre parcel for commercial development on the corner of Windmill Farms Blvd and Falcon Way. Two neighborhoods were recently completed with lots ready for delivery to national home builders and two additional neighborhoods are nearin
DALLAS--(BUSINESS WIRE)--Pillar Income Asset Management, a Dallas based real estate investment company, is pleased to announce that The Dominion at Mercer Crossing apartments recently received a HUD loan Final Endorsement. In addition to this property, Pillar Income also provides management services for other successful enterprises including Abode Properties and Transcontinental Realty Investors Inc. (NYSE: TCI), along with assets owned by private companies. “Dominion started lease-up in Novemb
Transcontinental Realty Investors, Inc. (NYSE: TCI), a Dallas-based real estate investment company, is reporting its Results of Operations for the quarter ended March 31, 2020. For the three months ended March 31, 2020, The Company reported a net income applicable to common shares of $4.6 million or $0.53 per diluted share, compared to a net loss applicable to common shares of $5.6 million or $0.64 per diluted share for the same period in 2019. This was driven by the overall strategic direction of both investing and expanding the core multi-family portfolio. In particular, as certain new multifamily development projects are completed, in which the Company has made significant new investments, it is expected that net income will again be positively impacted throughout the remainder of 20...
DALLAS--(BUSINESS WIRE)--Transcontinental Realty Investors Inc., (NYSE: TCI) Southern Properties Capital, and Abode Properties announce successful refinance of Class A asset Sawgrass Creek apartments in New Port Richey, Florida. Berkeley Point Capital LLC originated the refinance with the loan insured by Freddie Mac. Due to mature in June, the new loan is for 7 years and the London Inter-bank Offered Rate reduced from + 3% down to + 2.31%. “We are very pleased to have achieved this closing give