Transcontinental Realty Investors, Inc. Ranked as Top 150 Public Companies in DFW Metroplex
August 05 2019 - 8:00AM
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 News, compares public companies from
a seven-county area in North Texas.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20190805005203/en/
Dominion at Mercer Crossing Apartments in
Farmers Branch, Texas (Photo: Business Wire)
“Transcontinental Realty Investors’ had an unprecedented 2018,
and 2019 is charting to be even better,” said CEO and President
Daniel J. Moos. “Our annual 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, by
securing unique capital investments. We’ve surpassed our goals in
building TCI’s subsidiary, Southern Properties Capital, through our
new joint venture with major Australian financial institution,
Macquarie Group Limited. The joint venture coupled with our
successful Series A, B, and C bond offerings in the Israeli market
position the company for further expansion and asset growth.”
Two notable development projects include Lakeside Lofts and
Dominion at Mercer Crossing in the heart of the Dallas-Ft. Worth
metroplex.
Dominion at Mercer Crossing apartments are currently under
construction and projected for completion in the first quarter of
2020. TCI has a financial interest in this class A asset located at
Mercer Crossing and sold this tract of land to the developer, as
well as several other tracts in the area to various developers.
The mid-rise property will consist of two residential four story
buildings; housing 256 units. The Dominion at Mercer Crossing
apartments will offer spacious 500 square foot studios, one bedroom
units ranging from 616 to 858 square feet, two bedroom floor plans
ranging from 991 to 1233 square feet and three bedroom units
ranging from 1436 to 1490 square feet.
Each apartment boasts a gourmet kitchen with granite
countertops, energy star appliances, designer lighting and plumbing
fixtures, wood plank flooring and an in-home washer and dryer.
Select apartment homes offer residents a private yard. The
property’s note-worthy amenities include a resort style pool with
tanning ledges and cozy cabanas, fully equipped fitness center,
parking garage, elevators, and walking trail.
Lakeside Lofts is a picturesquely situated, lakefront property.
This upscale multi-family project consisting of 498 units is also
located in the 1,200 acre Mercer Crossing mixed use development.
The highly desirable site is located adjacent to the existing Omni
Hotel, as well as two other hotels currently under construction.
This market consistently reports the highest occupancy percentages
of any full-service hotel in the Dallas area.
Lakeside Lofts offers resort style pools, upscale clubhouse and
fitness center, theater, two 6 level parking garages, bocce ball
court, fire pit, hiking & biking trail, and easy access to
several of Dallas’s major freeways and toll roads. Residents will
find ten 1 & 2 bedroom floorplans to choose from, featuring
shaker style cabinets, 2 inch faux wood blinds, granite counter
tops, in unit washer and dryer, and stainless steel appliances.
Units also offer vinyl plank wood flooring in all kitchen, bath and
laundry areas, and vinyl plank wood flooring throughout in all
first floor units.
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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20190805005203/en/
Chris Childress, Pillar Income Asset Management 469.522.4275 /
press@pillarincome.com
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