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Stock impact report

Transcontinental Realty Investors, Inc. and Southern Properties Lease-Up Chelsea Apartments in Beaumont, Texas

Transcontinental Realty Investors, Inc. (TCI) 
US:NYSE Investor Relations: transconrealty-invest.com
Company Research Source: Business Wire
DALLAS--(BUSINESS WIRE)--Southern Properties Capital (SPC) a subsidiary of Transcontinental Realty Investors Inc., (NYSE: TCI) a Dallas based real estate investment company, is pleased to announce the very positive success in acquiring and enhancing Chelsea Apartments. The US Department of Housing and Urban Development granted Southern Properties Capital the loan to acquire the multifamily asset in August of 2018. Since then, Southern Properties Capital and the Chelsea management staff have been working diligently to enhance its overall performance.This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200130005669/en/Resort style pool at Chelsea apartments in Beaumont, Texas (Photo: Business Wire)“We have owned and operated properties in this particular area of Texas and along the Gulf coast for over a decade,” stated CEO and President Daniel J. Moos. “This particular asset was a diamond in the rough when we acquired it. The t Show less Read more
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