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Stock impact report

American Realty Investors, Inc. Reports Full Year Results for 2018

American Realty Investors, Inc. (ARL) 
US:NYSE Investor Relations: americanrealtyinvest.com
Company Research Source: Business Wire
DALLAS--(BUSINESS WIRE)-- American Realty Investors, Inc. (NYSE:ARL), a Dallas-based real estate investment company is reporting its Results of Operations for 2018. In November 2018 the Company created a new subsidiary Victory Abode Apartments, LLC (“VAA”) and contributed 52 multi-family projects that it owned and operated to VAA. ARL subsequently sold a 50% interest to a third party and recorded a $154 million gain. The Company believes that both the completion of the joint venture creating Victory Abode Apartments and the issuance of the Series B Bonds in the Israeli Bond Market has positioned the company along the strategic lines that it previously indicated. The Company has created a dynamic platform to continue its expansion in the multifamily sector. The ongoing plan is to continue to develop and acquire apartments in the geographic markets where demand exceeds supply. Beginning November 19 Show less Read more
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