Embracing Change, Keeping an Edge

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2 Embracing Change, Keeping an Edge Real estate investment firm continues to thrive after nearly three decades Corporate Office at Browning Place Mercer Crossing Transcontinental Realty Investors While it has operated successfully since its founding in 1991, Dallasbased real estate investment trust Transcontinental Realty Investors (TCI) continues to see unprecedented levels of growth. It now has eight projects under redevelopment, with those assets totaling more than $900 million. CEO Daniel Moos LOCATION Dallas, Texas TCI s commitment to embracing market change is reflected in its company culture and leadership team. Its staff includes people from diverse real estate backgrounds who come together to create projects that add incredible value to the markets it serves. 76 DDCJOURNAL.COM SPRING 2019

3 With the change in the economic climate, we recognized that the best kind of real estate company we could be is one that is focused on specific areas, and that is how we identified multifamily. -Daniel Moos The firm also partners with other developers, contractors and architects to tap into the expertise of leaders in their respective industries. The unique nature of what we do is, as smart as we think we may be internally, we find individual developers that come in and work with us on a project-by-project basis, says Daniel Moos, CEO of TCI. We have a good core section of great young men and women who have a lot of experience in different facets of real estate. We combine that experience with strong developers and get the benefit of everyone s collective knowledge. A FOCUSED PORTFOLIO As a developer, owner and operator, TCI can maintain complete control of its projects from initial design concepts all the way through final delivery and continuous property management. Its team ensures the quality of its projects every step of the way. With the change in the economic climate, we recognized that the best kind of real estate company we could be is one that is focused on specific areas, and that is how we identified multifamily, Moos says. As a result, multifamily is not only our core asset group, but it is also our strategic focus. MAKING MOVES The change in focus means TCI has been working to sell some of its assets while acquiring others. We still have a few office buildings that we own and operate, but our intent is to sell off our office building portfolio, Moos says. We Parc at Bentonville We are pretty unique in the aspect that we build them, we own them and then we operate them, Moos says. Unlike a lot of other companies, we build, own and operate our own assets. We hire great developers and experienced property management professionals, but we control the entire process. TCI engages in real estate acquisition, financing, operation and sales in markets throughout the United States through two wholly owned subsidiaries, Abode Properties and Southern Properties Capital (SPC). Its diverse portfolio includes residential, retail, office, hospitality and undeveloped land. The projects in the firm s pipeline reflect its commitment to multifamily. Since the Great Recession, TCI has reassessed its portfolio and curated developments that reflect the demands of a changing market LBJ Freeway, Suite 750, Dallas, TX phone# Tower Bay Lofts Wittington Holdings is a full service development company specializing in multifamily development in both conventional and HUD loans. SPRING 2019 DDCJOURNAL.COM 77

4 Lakeside Lofts Rendering are actively doing that and using any and all capital to continue to grow in the multifamily business. By identifying a core strategic focus, TCI has concentrated its efforts to maximize its impact. One of its most recent efforts is taking shape in Las Vegas. Adobe Red Rock Apartments is a $150 million, 308-unit development with highend features and finishes. Its amenities include a fitness center with free weights, a business center and clubhouse, a pool, an outdoor terrace and a parking garage with floor-level access. The community is also adjacent to several restaurants, a shopping center and the wellused Highway DDCJOURNAL.COM SPRING 2019 In Dallas, work is underway on Lakeside Lofts, a $200 million multifamily development featuring 498 residential units on a 1,200-acre lakefront property. Aside from picturesque views, residents will enjoy resort-style pools, a theater, a fitness center, a hiking trail and easy access to major highways. Across all TCI s Class A residential products, residents can find polished spaces with significant amenities and easy access to local attractions, entertainment, shopping, dining and retail. A FLEXIBLE APPROACH As market conditions, consumer demand and

5 TGS ARCHITECTS Design Consultant Wittington Holdings PROPERTY LINE Transcontinental Realty Investors maintains a strong emphasis on creating greater shareholder value through acquisition, financing, operation, developing, and sale of real estate across every geographic region in the United States. A New York Stock Exchange company, Transcontinental is traded under the symbol TCI. Transcontinental produces revenue through the professional management of apartments, office buildings, warehouses, and retail centers that are undervalued or underperforming at the time of acquisition. TGS ARCHITECTS Design Consultant PROPERTY LINE Wittington Holdings Abode Properties is a subsidiary of Transcontinental Realty Investors Inc., a Dallas-based real estate investment company. Abode Property s investment and strategic focus is to acquire, develop, and maintain a portfolio of top tier Class A quality multifamily residential properties in emerging markets that correspond with both sustainable and viable economic growth activity Southern Properties Capital operates primarily in Texas and specializes in Class A multifamily assets in emerging markets throughout the Southern United States, corresponding with both sustainable and viable economic growth activity. The issuing entity is backed by over 3,000 multi-family units (out of a total of approximately 8,000 owned and operated by TCI), as well as over 1.5 million square feet office buildings in Texas. The company has already used funds to acquire additional multi-family assets within its strategic footprint, and expects significant expansion by continuing to utilize the Israeli bond platform. TCI ABODE SPC LBJ Freeway, Suite 800, Dallas, Texas SPRING 2019 DDCJOURNAL.COM 79

6 You change your design based on what you think the consumer demand is going to be. -Daniel Moos Lakeside Lofts Rendering technology have changed, so too has TCI s approach to development. The firm can leverage its longstanding experience while maintaining the flexibility to adapt to change so that it can better serve its clients. Lakeside Lofts Rendering 80 DDCJOURNAL.COM SPRING 2019 Each time you build a new [development], you refine the process a little bit. So, each time we develop a new asset, it is better than the last one because you realize that there is something you can do to enhance it. Technology changes and consumer demands change, as well Moos says. You change your design based on what you think the consumer demand is going to be. While it may be a model we ve used before, we find that the interior design, the exterior design, the appeal and the amenities change with time.