On November 15, 2016, Transcontinental Realty Investors, Inc.
(“TCI” or the “Company”) announced its operational results
for the quarter ended September 30, 2016. A copy of the
announcement is attached as Exhibit “99.1.”

The information furnished to Item 2.02 in this Form 8-K,
including Exhibit “99.1,” attached hereto, shall not be deemed
to be “filed” for purposes of Section 18 of the Securities
Exchange Act of 1934 or otherwise subject to the liabilities of
that Section, unless we specifically incorporate it by reference
in a document filed under the Securities Act of 1933 or the
Securities Exchange Act of 1934. We undertake no duty or
obligation to publicly update or revise the information furnished
to Item 2.02 of this Current Report on Form 8-K.

Section 9 Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits

(d)

Exhibits.

The following exhibit is furnished with this Report: