TCI and Abode Properties Assets Located in Best States for Business
June 27 2017 - 3:35PM
Business Wire
ChiefExecutive.net ranked the Best States for Business for the
13th year in a row. Transcontinental Realty Investors (TCI) and
Abode Properties (Abode) have assets in several of these top ranked
markets.
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Transcontinental Realty Investors Inc.'s
newest Phase II development, Sawgrass Creek in New Port Richey,
Florida.
Transcontinental Realty Investors, Inc., Abode Properties, and
affiliates own and operate properties in 14 states, with over half
being in the top 30% of top US states for business. For the past
decade, TCI has been strategically focused on acquiring or
developing new apartments in specific areas of the country. “It was
most interesting to see how ChiefExecutive.net’s rankings aligned
with our view of the various markets around the country,” noted CEO
and President Daniel J. Moos. “Though it was no surprise that Texas
was ranked number 1, it was equally interesting that the 6 states
where the bulk of our assets and development activity reside are in
the top 25% of the overall rankings.”
The ranking is compiled by surveying hundreds of top CEOs across
the country.
“Chief Executive's ranking just proves what we have long known
to be true,” continued Moos. “Our assets are in the best states for
real estate development and investment, major corporate
headquarters, and overseas investment.”
Transcontinental Realty Investors
(www.transconrealty-invest.com) 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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