Abode Properties is Pleased to Announce Completion and Lease up at Eagle Crossing Development
May 07 2018 - 10:00AM
Business Wire
Abode Properties, a subsidiary of Dallas-based real estate
investment company Transcontinental Realty Investors Inc., (NYSE:
TCI), is pleased to announce the completion of Eagle Crossing
apartments in Dallas, Texas. Construction was completed in January
2018 and was 97% leased as of April 2018. Eagle Crossing is an
Abode Properties managed asset, with Transcontinental Realty
Investors Inc. having the option to acquire.
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Abode managed Eagle Crossing Apartments
located on Camp Wisdom Road in Dallas, Texas (Photo: Business
Wire)
Located just outside of Downtown Dallas, Eagle Crossing offers a
convenient location with access to all the comforts of city living.
The gated 150 unit community consists of luxurious one, two, and
three bedroom apartments offering gourmet kitchens with islands,
large walk-in closets, lofty nine foot ceilings, faux wood flooring
and washer and dryer units. Exterior amenities include a walking
trail, lush village green spaces, a sparkling swimming pool,
spacious deck area, fitness center and a Bark Park for pets.
“Eagle Crossing is the perfect combination of a comfortable
suburban life, with access to all the amenities Dallas’s bustling
downtown has to offer,” commented Daniel J. Moos, Abode’s President
and CEO. “The property is another great example of DFW’s continued
economic growth and strong job gains.”
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.
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/20180507005316/en/
For Abode PropertiesChris Childress, 469-522-4275
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