Transcontinental Realty Investors, Inc. Ranked as Top 150 Public Companies in DFW Metroplex
November 12 2018 - 08:00AM
Business Wire
Transcontinental Realty Investors, Inc. (TCI) was
recently included on the Dallas Morning News list of top 150
publicly traded companies in Dallas-Fort Worth. The annual ranking,
compiled by Bloomberg for The Dallas Morning
News, compares public companies from a seven-county
area in North Texas, based on revenue at the end of 2017.
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“Transcontinental Realty Investors had a stellar 2017 and have
reasonable expectations for an equally successful 2018,” said CEO
and President Daniel J. Moos. “Our inclusion in the Dallas Morning
News Top 150 Public Companies is due to the hard work and
dedication of our employees, the quality assets in our portfolio,
and new joint venture partnerships.”
Moos continued, “Our ranking further solidifies TCI’s strategic
vision for growth and commitment to enhanced shareholder value, as
indicated by Top 150 metrics. We’ve also surpassed our 2016 goal in
building TCI’s subsidiary, Abode Properties, with the same asset
strength and strategic focus.”
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 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.
Abode Properties is a subsidiary of Transcontinental Realty
Investors Inc., (NYSE: TCI), a Dallas-based real estate investment
company. Abode’s investment and strategic focus is to acquire,
develop, and operate a portfolio of desirable multifamily
residential properties, while capitalizing on our ability to obtain
long term and static debt structures. The portfolio stands to
benefit from historically established, proven, and successful
operational practices, seasoned on-site management, and an
experienced leadership team with forward thinking capabilities in
order to realize maximum cash flows and consistent returns,
while maintaining unequaled resident and customer service. We are
disciplined and prudent allocators of capital and we will continue
growing our geographically diverse portfolio from the Southwest to
the Southeast. These markets are geographically located in areas of
the country that correspond with both sustainable and viable
economic growth activity.
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Pillar Income Asset ManagementChris Childress,
469-522-4275press@pillarincome.com
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