Market Overview

Transcontinental Realty Investors, Inc. Acquires Villas at Bon Secour in Gulf Shores, Alabama in its first Freddie Mac Transaction

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Transcontinental Realty Investors, Inc. (NYSE:TCI) and Abode Properties
announced today the acquisition of the Villas at Bon Secour multifamily
property in the coastal city of Gulf Shores, Alabama. The federally
insured property was secured through Freddie Mac Multifamily, one of the
nation's leading multifamily housing lenders. The class A asset will
become part of the Southern Properties Capital portfolio.

This press release features multimedia. View the full release here:
https://www.businesswire.com/news/home/20180723005173/en/

Transcontinental Realty Investors' asset Villas at Bon Secour in Gulf Shores, Alabama (Photo: Busine ...

Transcontinental Realty Investors' asset Villas at Bon Secour in Gulf Shores, Alabama (Photo: Business Wire)

The Villas at Bon Secour is a 200-unit Class A garden-style community
comprised of 11 2-story buildings, with 4 different floor plan options.
One and two bedroom units, range from 648 to 990 square feet.

"We are thrilled to acquire this income producing asset in our first
ever transaction with Freddie Mac. We look forward to a long lasting
relationship with such a respected lender," commented President and CEO
Daniel J. Moos. "Villas at Bon Secour is in Baldwin County, one of the
fastest growing counties in Alabama; reportedly with the 2nd lowest
unemployment rate. The asset is yet another example of TCI's continuous
expansion into exceptionally strong markets."

Interior amenities include pool and courtyard views, 9 foot ceilings,
gourmet style kitchens with double stainless steel sinks, wood-look
vinyl flooring, and breakfast nooks in select units. The community
offers gated/controlled access, business center, dog-park, clothes care
center, fitness center and a resort style pool and pergola.

The property is 4.5 miles from the beach and minutes from Pelican Place
retail center offering retail shopping, dining and movies. The
University of South Alabama's Gulf Coast Campus is located within one
mile of Villas at Bon Secour, making it a great location for students
and university employees.

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.

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
buildings in Texas. The company has already used funds to acquire
additional multi-family assets within its strategic footprint, and
expects significant expansion by continuing to utilize the Israeli bond
platform.

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