Transcontinental Realty Investors CEO Daniel Moos Recently Visited the New York Stock Exchange

Transcontinental Realty Investors CEO & President, Daniel Moos, recently visited the New York Stock Exchange.

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Transcontinental Realty Investors and CEO, Daniel Moos on the floor of the New York Stock Exchange (Photo: Business Wire)

"It's been over a decade since I visited the New York Stock Exchange and it's still a dynamic demonstration of investors' confidence in the economy and the free enterprise system," commented Daniel Moos, Transcontinental Realty Investors CEO & President. "The energy you feel standing at the nerve center of American finance is incredible."

Mr. Moos went on to say, "I travelled to New York City to discuss our organization's next strategic initiative in the multi-family real estate market, and present our portfolio's growth projection to potential investors. TCI along with certain affiliated companies are evaluating various alternatives to grow the asset base while continuing to enhance value for our investors."

2018 was a successful year for both Transcontinental Realty Investors and Southern Properties Capital with the creation of the company's first Joint Venture- Victory Abode Apartments, TCI's #6 ranking on RealPage's DFW's Most Active Developers list, raising an additional $39.4 Million Bond Series B on the Tel Aviv Stock Exchange, as well as the development and lease up of several newly developed Class A apartment assets.

The Company has several new development projects in its pipeline that are concentric to the Great Dallas-Ft. Worth area. It is important to note that the U.S. Census Bureau announced last week that the Dallas-Fort Worth area gained more residents than any other metropolitan area in the country and was behind more than a third of Texas' population growth in that period, adding 131,767 residents from 2017 to 2018. Texas was the leader in population growth due to both growing families and migration to the state. The state took 4 of the nation's top 10 spots both for counties that gained the most residents in a year and those that grew the fastest.

About Transcontinental Realty Investors

Transcontinental Realty Investors maintains a strong emphasis on creating greater shareholder value through acquisition, financing, operation, development, 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 ownership and professional management of income producing apartments and office buildings 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 has dramatically expanded its development capabilities associated with luxury apartment homes through its wholly owned subsidiary Abode Properties, principally on land it owns or acquires.

About Southern Properties Capital

Southern Properties Capital (SPC) operates in Southeast and Southwest USA. The Company's core assets are tied to owning and operating Class A multi-family apartments and two very prominent and viable Multi Use development properties in Greater Dallas. The Company's business strategy is to continue to expand its Class A multifamily portfolio through new development and financially attractive acquisitions. To this end, SPC is joint owner of Abode Properties with its parent Company TCI and Macquarie.

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