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Transcontinental Realty Investors adds to its Southern properties portfolio

Jul. 23, 2018 10:46 AM ETTranscontinental Realty Investors, Inc. (TCI) StockBy: Gaurav Batavia, SA News Editor
  • Transcontinental Realty Investors (NYSE:TCI) and Abode Properties to acquire Villas at Bon Secour multifamily property in the coastal city of Gulf Shores, Alabama.
  • The Villas at Bon Secour is a 200-unit Class A garden-style community comprised of 11 2-story buildings, with 4 different floor plan options. One and two bedroom units, range from 648 to 990 square feet.
  • The federally insured property was secured through Freddie Mac Multifamily.
  • The class A asset will become part of the Southern Properties Capital portfolio.
  • Shares -0.05%.
  • Press Release

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