Transcontinental Realty Investors, Inc. Included in Russell 2000 Index
July 09 2018 - 11:59AM
Business Wire
CEO and President Daniel J. Moos announced today that
Transcontinental Realty Investors Inc. (NYSE: TCI) has now been
included in the Russell 2000 US Equity Index.
Russell Indexes are widely used by investment managers and
institutional investors for both index funds and as benchmarks for
passive and active investment strategies. The annual reconstitution
of the Russell 2000 captures the 2,000 largest U.S. stocks, ranking
them by total market capitalization.
“TCI’s recent inclusion in the Russell 2000, exemplifies our
ongoing strategic success and growth,” said CEO and President
Daniel J. Moos. “As exciting as it was to be included in the
Russell 3000 in 2017, we are very pleased our company has now been
added to the Russell 2000.”
Since their launch in 1984, the Russell US indexes —
including the Russell 1000, Russell 2000 and Russell 3000 Indexes
as well as their Growth & Value Style components — have been
widely adopted by institutional investors for their academic
integrity and investor usability.
Transcontinental Realty Investors 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. A New York Stock Exchange
company, Transcontinental is traded under the symbol "TCI".
Transcontinental produces revenue through the ownership and
professional management of income producing apartments and office
buildings 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 has dramatically expanded its development
capabilities associated with luxury apartment homes through its
wholly owned subsidiary Abode Properties, principally on land it
owns or acquires.
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version on businesswire.com: https://www.businesswire.com/news/home/20180709005663/en/
On behalf of Transcontinental Realty Investors Inc.Chris
Childress, 469-522-4275press@pillarincome.com
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