Transcontinental Realty Investors Inc. and Abode Properties Refinance Terra Lago Apartments in Rowlett, Texas
Transcontinental Realty Investors, Inc. (TCI)
US:NYSE Investor Relations:
transconrealty-invest.com
Company Research
Source: Business Wire
DALLAS--(BUSINESS WIRE)--Transcontinental Realty Investors Inc., (NYSE: TCI) and Abode Properties announces successful refinance of Class A asset Terra Lago apartments in Rowlett, Texas. Barings Real Estate Capital originated the refinance with a significant rate reduction.This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200323005095/en/Abode Properties owned lake view property Terra Lago in Rowlett, Texas (Photo: Business Wire)“By seizing the opportunity of lower market rates, we achieved a major drop in interest and carry cost,” commented Daniel Moos, CEO and President. “We remain cautiously optimistic about not only this asset, but our entire multifamily portfolio; with the general belief that the current challenges facing the economy will abate over the next several months.”Terra Lago is a 451 unit Midrise Multi-Family community located along the east line of Scenic Drive in the far eastern portion of Rowlett, Texas.
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- Investors in Transcontinental Realty Investors (NYSE:TCI) have seen favorable returns of 78% over the past three years [Yahoo! Finance]Yahoo! Finance
- Transcontinental Realty Investors, Inc. reports Earnings for Quarter Ended December 31, 2023Business Wire
- Transcontinental Realty Investors, Inc. (NYSE: TCI) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
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- 3/21/24 - Form 8-K
- 3/21/24 - Form 10-K
- TCI's page on the SEC website