DALLAS--(BUSINESS WIRE)--Transcontinental Realty Investors, Inc. (TCI) was recently included on the Dallas Morning News list of top 150 publicly traded companies in Dallas-Fort Worth. This list is ranked by total revenue during the 2015 fiscal year.
“I am pleased with Transcontinental Realty Investors’ inclusion in the Dallas Morning News Top 150 Public Companies,” said CEO and President Daniel J. Moos. “I attribute this honor to the hard work and dedication of our employees, the quality assets in our portfolio, and our outstanding external vendors and business partnerships.”
Moos continued, “Our ranking further solidifies TCI’s strategic vision for growth and commitment to enhanced shareholder value, as indicated by Top 150 metrics. We’re also eager to continue building TCI’s subsidiary, Abode Properties, with the same asset strength and strategic focus as TCI.”
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.
