Transcontinental Realty Investors Inc. and Abode Properties Celebrate the Grand Opening at Parc at Wylie in Wylie, Texas
June 04 2018 - 8:00AM
Business Wire
Transcontinental Realty Investors Inc., (NYSE: TCI) and
Abode Properties recently celebrated the grand opening of its
newest asset Parc at Wylie apartments in Wylie, Texas.
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Parc at Wylie apartments located in
Wylie, Texas (Photo: Business Wire)
The Grand Opening celebration for Parc at Wylie apartments
welcomed attendees from the City of Wylie, the Wylie Chamber of
Commerce, local businesses such as Camp Gladiator and Edward Jones,
property developers and managers Wittington Holdings, Pillar Income
Asset Management and Sunridge Management, along with Parc at Wylie
community staff and current residents.
Parc at Wylie has thirteen 3-story buildings with a total of 198
units and 12 available floorplans. The spacious one, two and three
bedroom units offer walk in closets, gourmet kitchens with
breakfast bars, granite countertops, screened patios and balconies,
lofty nine foot ceilings and in unit washers and dryers. It is a
pet friendly community that’s equipped with covered and garage
parking, a fenced bark park, swimming pool w/tanning deck, walking
trails, playground, 24 hour fitness center, elevator and much more.
The property was 95.5% leased as of May 24, 2018.
Conveniently situated with easy access to both Lake Lavon and
Lake Ray Hubbard, Parc at Wylie is within minutes of several
schools, including Primrose, Frank McMillan Jr. High, Davis
Intermediate, Wylie High and Dodd Elementary Schools.
“We continue to develop assets in the strongest geographic
regions in the United States,” commented Daniel J. Moos, TCI’s
President and CEO. “Wylie has become one of the fastest-growing
communities in the country and in 2017 was ranked 20th in Money
magazine’s 2017 Best Places to Live in America.”
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.
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/20180604005027/en/
On behalf of Transcontinental Realty Investors Inc.Chris
Childress, 469-522-4275
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