Abode Properties Begins Lease Up at Oak Hollow Phase II in Seguin, Texas
May 01 2018 - 8:00AM
Business Wire
Abode Properties and Southern Properties Capital (SPC),
subsidiaries of Dallas based real estate investment company
Transcontinental Realty Investors Inc., (NYSE: TCI) began
construction on Oak Hollow Phase II, in April 2017. The 96 unit
gated community is currently in lease up with completion scheduled
for Spring or Summer 2018.
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the full release here:
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Design rendering of Oak Hollow Phase II
located in Seguin, Texas (Graphic: Business Wire)
Community amenities include custom designed pool with waterfall,
volleyball court, basketball court, bike racks, park benches,
fitness center and Clubhouse with billiards table.
Located in the Austin-San Antonio corridor, the fastest growing
region in the country, Oak Hollow Phase II is conveniently located
near downtown Seguin, several schools within the Seguin Independent
School District and the town’s ever growing medical facilities. Max
Park, a 227 acre regional park is only 4 miles West and offers a
variety of recreational activities including tennis courts, 18 hole
golf course, wave pool, natural fishing area, walking trails and
much more.
“Seguin is the perfect location for Abode Properties’ asset
development. The town is experiencing fantastic economic and
infrastructural growth, while keeping an eye on maintaining its
small town feel,” commented Daniel J. Moos, Abode’s President and
CEO. “This lines up perfectly with our strategy to develop Class A
multifamily assets in areas experience strong economic
activity.”
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.
Southern Properties Capital operates primarily in Texas and
specializes in Class A multifamily assets in emerging markets
throughout the Southern United States, corresponding with both
sustainable and viable economic growth activity. The issuing entity
is backed by over 3,000 multi-family units (out of a total of
approximately 8,000 owned and operated by TCI), as well as over 1.5
million square feet office of buildings in Texas. The company has
already used funds to acquire additional multifamily assets within
its strategic footprint, and expects significant expansion by
continuing to utilize the Israeli bond platform.
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.
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version on businesswire.com: https://www.businesswire.com/news/home/20180501005443/en/
Media Contact:For Transcontinental Realty InvestorsChris
Childress469.522.4275
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