Transcontinental Realty Investors, Inc. Ranked as Top 150 Public Companies in DFW Metroplex
DALLAS--(BUSINESS WIRE)--Nov 12, 2018--Transcontinental Realty Investors, Inc. (TCI) was recently included on the 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.”
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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CONTACT: Pillar Income Asset Management
Chris Childress, 469-522-4275
KEYWORD: UNITED STATES NORTH AMERICA TEXAS
INDUSTRY KEYWORD: REIT CONSTRUCTION & PROPERTY COMMERCIAL BUILDING & REAL ESTATE RESIDENTIAL BUILDING & REAL ESTATE
SOURCE: Transcontinental Realty Investors, Inc.
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PUB: 11/12/2018 08:00 AM/DISC: 11/12/2018 08:00 AM