| Business Summary | | Transcontinental
Realty
Investors,
Inc.
(TCI)
is
the
successor
to
a
business
trust
that
was
organized
on
September
6,
1983
and
commenced
operations
on
January
31,
1984.
TCI
owns
Continental
Mortgage
and
Equity
Trust,
a
real
estate
company.
The
Company's
real
estate
as
of
December
31,
2000,
consisted
of
140
properties
held
for
investment,
three
partnership
properties
and
four
properties
held
for
sale
that
were
primarily
obtained
through
foreclosure.
In
2000,
TCI
purchased
18
properties
held
for
investment.
The
Company's
mortgage
notes
receivable
portfolio
as
of
December
31,
2000,
consisted
of
six
mortgage
loans.
In
addition,
TCI
has
an
interest
in
a
partnership
that
holds
a
wraparound
mortgage
note
receivable. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | TCI
invests
in
real
estate
through
direct
acquisitions,
leases
and
partnerships
and
in
mortgage
loans
on
real
estate,
including
first,
wraparound
and
junior
mortgage
loans.
For
the
six
months
ended
6/30/01,
revenues
rose
4%
to
$72.3
million.
Net
income
applicable
to
Common
rose
45%
to
$14.6
million.
Results
reflect
increased
rental
rates
and
occupancies
at
TCI's
apartments
and
an
increase
in
gains
on
the
sale
of
real
estate. | More
from
Market Guide: Significant
Developments |
| | |
| Position | Ted Stokely, 67 | Chairman | Karl Blaha, 53 | Pres | Mark Branigan, 46 | Exec.
VP, CFO, Director | Bruce Endendyk, 52 | Exec.
VP | David Starowicz, 45 | Exec.
VP - Acquisitions, Sales, and Construction |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|