Transcontinental Realty Investors, Inc. Ranked #6 on RealPage DFW Most Active Developers List
March 11 2019 - 8:00AM
Business Wire
Transcontinental Realty Investors, Inc. (NYSE:TCI) was
recently recognized by RealPage as Dallas-Fort Worth’s 6th most
active apartment developer with over 800 assets under construction
as of January 2019.
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“Transcontinental Realty Investors had a stellar 2018 and we
have expectations for an equally successful 2019,” said CEO and
President Daniel J. Moos. “We are poised to grow our already
stellar portfolio with new development as well as acquisitions
either through TCI or its new Joint Venture partnership Victory
Abode Apartments/Abode Properties. We have over 18 multifamily
developments in the pipeline either currently or to be completed by
2021, with 35 more assets in the future development pipeline.”
RealPage listed Top Developers Based on Volume with JPI holding
the number one spot, and Davis Development, Greystar, Trinsic
Residential Group, W3, and Transcontinental Realty Investors
ranking two through six respectively.
Moos continued, “TCI development strategy differs from many
other companies. We primarily invest in Class-A multi-family
projects in very selective geographic markets. Our approach is
extremely focused; which we refer to as a laser beam approach
paying significant detail to quality.”
About Transcontinental Realty Investors
Transcontinental Realty Investors maintains a strong emphasis on
creating greater shareholder value through acquisition, financing,
operation, development, 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.
About Abode Properties Services
Abode Properties Services/Victory Abode
Apartments is a joint venture subsidiary of Transcontinental
Realty Investors (NYSE:TCI) and Southern Properties Capital
(SPC) both Dallas-based real estate investment companies and
Australian financial institution Macquarie Group Limited (ASX:
MQG).
Victory Abode Apartments d/b/a Abode Properties Services’
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 benefits from historically established
and proven operational practices, seasoned on-site management, and
an experienced leadership team with forward thinking capabilities.
We consistently achieve 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.
About Southern Properties Capital
Southern Properties Capital (SPC) operates in Southeast and
Southwest USA. The Company’s core assets are tied to owning and
operating Class A multi-family apartments and two very prominent
and viable Multi Use development properties in Greater Dallas. The
Company’s business strategy is to continue to expand its Class A
multifamily portfolio through new development and financially
attractive acquisitions. To this end, SPC is joint owner of Abode
Properties with its parent Company TCI and Macquarie.
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Chris Childress, Pillar Income Asset Management469.522.4275 /
press@pillarincome.com
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