Transcontinental Realty Investors, Inc. (TCI) was recently included on the Dallas Morning News list of top 150 publicly traded companies in Dallas-Fort Worth. The annual ranking, compiled by Bloomberg for The News, compares public companies from a seven-county area in North Texas.
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Dominion at Mercer Crossing Apartments in Farmers Branch, Texas (Photo: Business Wire)
“Transcontinental Realty Investors’ had an unprecedented 2018, and 2019 is charting to be even better,” said CEO and President Daniel J. Moos. “Our annual inclusion in the Dallas Morning News Top 150 Public Companies is due to the hard work and dedication of our employees, the quality assets in our portfolio, and new joint venture partnerships.”
Moos continued, “Our ranking further solidifies TCI’s strategic vision for growth and commitment to enhanced shareholder value, by securing unique capital investments. We’ve surpassed our goals in building TCI’s subsidiary, Southern Properties Capital, through our new joint venture with major Australian financial institution, Macquarie Group Limited. The joint venture coupled with our successful Series A, B, and C bond offerings in the Israeli market position the company for further expansion and asset growth.”
Two notable development projects include Lakeside Lofts and Dominion at Mercer Crossing in the heart of the Dallas-Ft. Worth metroplex.
Dominion at Mercer Crossing apartments are currently under construction and projected for completion in the first quarter of 2020. TCI has a financial interest in this class A asset located at Mercer Crossing and sold this tract of land to the developer, as well as several other tracts in the area to various developers.
The mid-rise property will consist of two residential four story buildings; housing 256 units. The Dominion at Mercer Crossing apartments will offer spacious 500 square foot studios, one bedroom units ranging from 616 to 858 square feet, two bedroom floor plans ranging from 991 to 1233 square feet and three bedroom units ranging from 1436 to 1490 square feet.
Each apartment boasts a gourmet kitchen with granite countertops, energy star appliances, designer lighting and plumbing fixtures, wood plank flooring and an in-home washer and dryer. Select apartment homes offer residents a private yard. The property’s note-worthy amenities include a resort style pool with tanning ledges and cozy cabanas, fully equipped fitness center, parking garage, elevators, and walking trail.
Lakeside Lofts is a picturesquely situated, lakefront property. This upscale multi-family project consisting of 498 units is also located in the 1,200 acre Mercer Crossing mixed use development. The highly desirable site is located adjacent to the existing Omni Hotel, as well as two other hotels currently under construction. This market consistently reports the highest occupancy percentages of any full-service hotel in the Dallas area.
Lakeside Lofts offers resort style pools, upscale clubhouse and fitness center, theater, two 6 level parking garages, bocce ball court, fire pit, hiking & biking trail, and easy access to several of Dallas’s major freeways and toll roads. Residents will find ten 1 & 2 bedroom floorplans to choose from, featuring shaker style cabinets, 2 inch faux wood blinds, granite counter tops, in unit washer and dryer, and stainless steel appliances. Units also offer vinyl plank wood flooring in all kitchen, bath and laundry areas, and vinyl plank wood flooring throughout in all first floor units.
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.
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469.522.4275 / press@pillarincome.com
