American Realty Investors, Transcontinental Realty Investors, & Income Opportunity Realty Investors Announce New Board Member...
June 23 2016 - 8:00AM
Business Wire
We are saddened by the death of Sharon Hunt who served as a
board member for ARL, TCI, and IOT for over 10 years. Her
enthusiasm and guidance for our companies will certainly be
missed.
Knowing Ms. Hunt was seriously ill, we began a search several
months ago for a possible replacement. Our intent was to fill this
vacant board seat with an individual who would possess the same
ability to provide a deep sense of wisdom and wholesome guidance in
an effort to help management navigate our business with an
orientation towards growth.
We are pleased that Ray Roberts Sr. of Denton, Texas has agreed
to serve on our boards. Mr. Roberts is a retired United States Air
Force Major who has served in several military operations earning
him several special awards, including a Bronze Star and a Medal for
Humane Action. Since his retirement Mr. Roberts has been heavily
involved in various community, public service, and political
activities. These activities include serving on county charity
school boards, The Public Service Authority, the Denton County
Housing Finance Corporation, as well as serving as a delegate to
several state political conventions.
Mr. Roberts brings to our board an individual with deep
commitment to both the local and national community, which is
especially important as we have positioned the company for the last
several years.
American Realty Investors (NYSE: ARL) maintains a 38-year
commitment to greater shareholder value through the acquisition,
financing, operation and sale of real estate and real estate
assets. American Realty is highly diverse in location, with a
portfolio of properties strategically located throughout the United
States. Its holdings include apartments, office buildings, retail
centers and parcels of land. At the time of purchase, acquisitions
are often referred to as "undervalued" or "underdeveloped." Under
ARL ownership, value is added through physical improvements as well
as management improvements. The result is increased income through
higher rental and occupancy rates and increased income.
Transcontinental Realty Investors (NYSE: TCI) maintains a strong
emphasis on creating greater shareholder value through acquisition,
financing, operation, developing, and sale of real estate across
every geographic region in the United States. Transcontinental
produces revenue through the professional management of apartments,
office buildings, warehouses, and retail centers that are
"undervalued" or "underperforming" at the time of acquisition.
Value is added under Transcontinental ownership, and the properties
are repositioned into higher classifications through physical
improvements and improved management. Transcontinental also
develops new properties, such as luxury apartment homes principally
on land it owns or acquires.
Beginning in 1985, Income Opportunity Realty Investors, Inc.
(NYSE MKT: IOT) has been committed to creating greater shareholder
value through the acquisition, financing, operation and sale of
real estate across the United States. Income Opportunity's business
is investing in equity interests in real estate through direct
equity investments and partnerships, and financing real estate and
real estate-related activities through investments in mortgage
loans. All of our real estate is located in the southwest region of
the continental United States.
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version on businesswire.com: http://www.businesswire.com/news/home/20160623005225/en/
Pillar Income Asset ManagementChris Childress,
469-522-4275press@pillarincome.com
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