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Transcontinental Realty Investors, Inc. (TCI) invests in real estate through direct ownership, leases, and partnerships. It also invests in mortgage loans on real estate. TCIs real estate portfolio consists of properties held for investment, properties held for sale, and investments in partnerships. Its real estate properties include office buildings, industrial warehouses, shopping centers, hotels, and apartments. The company also engages in financing real estate and real estate-related activities through investments in mortgage loans, including first, wraparound, and junior mortgage loans. Its real estate is located in the continental United States, as well as in Poland. TCI develops its own mortgage loans, as well as acquires existing mortgage notes, either directly from builders, developers or property owners, or through mortgage banking firms, commercial banks, and other qualified brokers. As of December 31, 2003, the companys real estate consisted of 120 properties held for investment, 1 partnership property, and 13 properties held for sale. Transcontinental Realty Investors is the successor to a California business trust, which was organized in 1983. The company is based in Dallas, Texas.
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