TRANSCONTINENTAL REALTY INVESTORS, INC. (NYSE:TCI) Files An 8-K Other EventsItem 8.01. Other Events
TRANSCONTINENTAL REALTY INVESTORS, INC. (NYSE:TCI) Files An 8-K Other Events
On February 13, 2017, Southern Properties Capital LTD, a British Virgin Islands corporation (“Southern“), filed a final prospectus with the Tel Aviv Stock Exchange LTD (the “TASE“) for an offering and sale of nonconvertible Series A Bonds (the “Debentures“), to be issued by Southern, which is an indirect subsidiary of Transcontinental Realty Investors, Inc. (“TCI“). Southern, in turn, wholly owns interest in other entities, which, in turn, are the principal owners of various residential and commercial properties located in the south and southwestern portions of the United States. The Debentures are unsecured obligations of Southern. On February 14, 2017, Southern commenced the institutional tender of the Debentures and has accepted application for 276 million Israeli, new Shekels (approximately $73,651,065 USD, based on current exchange rate of 3.7474 Shekels to the U. S. Dollar) in both institutional and public tenders, at an annual interest rate averaging approximately 7.38%.
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About TRANSCONTINENTAL REALTY INVESTORS, INC. (NYSE:TCI)
Transcontinental Realty Investors, Inc. is an externally advised and managed real estate investment company that owns a portfolio of income-producing properties and land held for development. The Company’s segments are Commercial Properties, Apartments, Land and Other. Its portfolio of income-producing properties includes residential apartment communities, office buildings and other commercial properties. It acquires land mainly in in-fill locations or suburban markets. The Company’s income-producing properties consist of approximately eight commercial properties, including five office buildings, two retail properties and an industrial warehouse, comprising in aggregate approximately 1.9 million square feet; a golf course comprising approximately 96.09 acres, and approximately 50 residential apartment communities comprising over 7,980 units, excluding apartments being developed. In addition, it owns approximately 3,660 acres of land held for development. TRANSCONTINENTAL REALTY INVESTORS, INC. (NYSE:TCI) Recent Trading Information
TRANSCONTINENTAL REALTY INVESTORS, INC. (NYSE:TCI) closed its last trading session up +3.07 at 20.57 with 2,878 shares trading hands.
Transcontinental Realty Investors, Inc. is an externally advised and managed real estate investment company that owns a portfolio of income-producing properties and land held for development. The Company’s segments are Commercial Properties, Apartments, Land and Other. Its portfolio of income-producing properties includes residential apartment communities, office buildings and other commercial properties. It acquires land mainly in in-fill locations or suburban markets. The Company’s income-producing properties consist of approximately eight commercial properties, including five office buildings, two retail properties and an industrial warehouse, comprising in aggregate approximately 1.9 million square feet; a golf course comprising approximately 96.09 acres, and approximately 50 residential apartment communities comprising over 7,980 units, excluding apartments being developed. In addition, it owns approximately 3,660 acres of land held for development. TRANSCONTINENTAL REALTY INVESTORS, INC. (NYSE:TCI) Recent Trading Information
TRANSCONTINENTAL REALTY INVESTORS, INC. (NYSE:TCI) closed its last trading session up +3.07 at 20.57 with 2,878 shares trading hands.
