Transcontinental Realty Investors CEO Daniel Moos Recently Visited the New York Stock Exchange
April 30 2019 - 12:50PM
Business Wire
Transcontinental Realty Investors CEO & President, Daniel
Moos, recently visited the New York Stock Exchange.
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Transcontinental Realty Investors and
CEO, Daniel Moos on the floor of the New York Stock Exchange
(Photo: Business Wire)
“It’s been over a decade since I visited the New York Stock
Exchange and it’s still a dynamic demonstration of investors’
confidence in the economy and the free enterprise system,”
commented Daniel Moos, Transcontinental Realty Investors CEO &
President. “The energy you feel standing at the nerve center of
American finance is incredible.”
Mr. Moos went on to say, “I travelled to New York City to
discuss our organization’s next strategic initiative in the
multi-family real estate market, and present our portfolio’s growth
projection to potential investors. TCI along with certain
affiliated companies are evaluating various alternatives to grow
the asset base while continuing to enhance value for our
investors.”
2018 was a successful year for both Transcontinental Realty
Investors and Southern Properties Capital with the creation of the
company’s first Joint Venture- Victory Abode Apartments, TCI’s #6
ranking on RealPage’s DFW’s Most Active Developers list, raising an
additional $39.4 Million Bond Series B on the Tel Aviv Stock
Exchange, as well as the development and lease up of several newly
developed Class A apartment assets.
The Company has several new development projects in its pipeline
that are concentric to the Great Dallas-Ft. Worth area. It is
important to note that the U.S. Census Bureau announced last week
that the Dallas-Fort Worth area gained more residents than any
other metropolitan area in the country and was behind more than a
third of Texas' population growth in that period, adding 131,767
residents from 2017 to 2018. Texas was the leader in population
growth due to both growing families and migration to
the state. The state took 4 of the nation's top 10 spots both for
counties that gained the most residents in a year and those that
grew the fastest.
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 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 Childress469.522.4275 / press@pillarincome.com
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