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Stock impact report

Transcontinental Realty Investors Inc. Secures $27.3 Million HUD Refinance of Tradewinds Apartments in Midland, 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) is pleased to announce the refinance of Tradewinds Apartments in Midland, Texas. Tradewinds is a Class A luxury apartment community featuring 214 one, two, and three bedroom units. The community has a state of the art fitness center, business center, resort style pool, and designer interiors. Unit amenities include 9 foot ceilings, designer finishes, private balconies, French doors, and granite countertops.This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200115005825/en/Tradewinds Apartments in Midland, Texas (Photo: Business Wire)“The new HUD loan retires a $15 million loan with a fully amortized long term loan and phenomenal interest rate of 3.00%,” stated Daniel J. Moos, President & CEO of Transcontinental Realty Investors Inc. “The $13 million cash-out, allows us to recapitalize the asset. This transaction demonstrates our continued commitmen Show less Read more
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