Transcontinental Realty Investors’ Project, Terra Lago, Makes Donations to Rowlett Organizations
April 04 2018 - 8:00AM
Business Wire
Transcontinental Realty Investors, Pillar Income Asset
Management and Abode Properties recently made donations to three
Rowlett, Texas community organizations. The Dallas-based real
estate management and development companies are new to the Rowlett
community with their new multi-family property, Terra Lago
Apartments.
“We are thrilled to become a part of the Rowlett community,”
said Daniel J. Moos, TCI CEO & President. “It is important to
our company to not only develop beautiful high-end living spaces
for the cities where we choose to own and operate our properties,
but to also learn about and support the community itself. We hope
the donations to the Rowlett Community Center, Rowlett Needy
Children’s Fund, and the Company of Rowlett Performers will help
strengthen their impact on the city’s citizens.”
Barbara Thomas, Rowlett Needy Children’s Fund Cofounder,
accepted their donation. “I can’t thank you enough for your
generosity. It will help more than you know,” said Thomas. “Our
mission is to enhance health and welfare by providing appropriate
assistance to families in need with children and the elderly in the
Rowlett Community. And we are proud that all donated money and
items stay in our city.”
Donna Covington accepted the donation on behalf of the Company
of Rowlett Performers. “What a fantastic surprise. This donation
will go towards the arts education for our city’s young citizens. I
founded the Company of Rowlett Performers with a group of
enthusiastic parents in March 2000. The company began as an after
school program and has grown into a thriving community theater
company and prides itself in education of youth in theater. The
company sponsors annual Student Interns that plan to make Theater a
focus of study in their future,” said Covington.
Terra Lago is a 451-unit Class A Midrise Multi-Family community
located along the east line of Scenic Drive in the far eastern
portion of Rowlett, Texas. The property has water frontage along
Lake Ray Hubbard. The Lakeside location will offer one, two, and
three bedroom apartments with high-quality amenities and stunning
lake views. A structured parking garage with entry at each floor
level, temperature controlled corridors and cyber lounges are the
comforts and conveniences offered. Interior features will include
granite countertops, ceiling fans, 2" faux wood blinds, pendant
lighting, kitchen islands, oval garden tubs, walk-in closets,
patios and balconies, walk-in pantries, and eat-in kitchen bars.
Select units offer double vanities and bath linen closets. Exterior
amenities will comprise of resort-style pools, decked courtyards
with water features, tanning ledges, BBQ grills, fitness centers,
business center and a bocce ball court.
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.
Pillar Income Asset Management, Inc. (www.pillarincome.com) is a
Dallas-based real estate management company, which develops and
manages in excess of $2.5 billion of real estate for public and
private real estate entities. Affiliated companies under management
or advisement by Pillar include American Realty Investors, Inc.
(NYSE: ARL); Transcontinental Realty Investors, Inc. (NYSE: TCI);
Income Opportunity Realty Investors, Inc. (NYSE American: IOR); and
Regis Property Management, LLC (www.regisinc.com).
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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version on businesswire.com: https://www.businesswire.com/news/home/20180404005274/en/
Pillar Income Asset ManagementChris Childress,
469-522-4275press@pillarincome.com
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