News

Pillar Income Asset Management Announces Appointment of Erik Johnson as President and Chief Executive Officer
Dallas, TX (May 29, 2024) – Pillar Income Asset Management (“Pillar”) is pleased to announce the appointment of Erik Johnson as President and Chief Executive Officer

Transcontinental Realty Lands $25M Multifamily Construction Loan for McKinney project
Dallas, TX (April 01, 2024) – 216-unit project in McKinney to cost $52M; one of three multifamily projects in development via subsidiary Pillar Income Asset Management.

Pillar Income Asset Management and Affiliates Announce New President and CEO
Dallas, TX (January 11, 2022) – Pillar Income Asset Management (“Pillar”) is pleased to announce that Bradley J. Muth has joined the Company as President & Chief Executive Officer.

Transcontinental Realty Investors Inc. Closes the Sale of Two Assets
Dallas, TX (July 27, 2020) – Transcontinental Realty Investors Inc., (NYSE: TCI) a Dallas based real estate investment company, is pleased to announce the recent sale of two older vintage properties, along the Gulf Coast area of Texas and Florida respectfully. 

Pillar Income Asset Management Closes Sale of Five Mississippi Assets
DALLAS, TX (July 13, 2020) – Pillar Income Asset Management, Inc., a Dallas-based real estate management company, is pleased to announce the sale of 5 Mississippi assets from their $2.5 billion managed portfolio.

Southern Properties Capital and Transcontinental Realty Investors Inc. Announce Windmill Farms Expansion
Dallas, TX (July 1, 2020) – Southern Properties Capital, a subsidiary of Transcontinental Realty Investors Inc., (NYSE: TCI) a Dallas based real estate investment company, is pleased to announce that Windmill Farms development continues to
expand.

Dominion at Mercer Crossing Apartments Receives HUD Loan Final Endorsement
Dallas, TX (June 29, 2020) – Pillar Income Asset Management, a Dallas based real estate investment company, is pleased to announce that The Dominion at Mercer Crossing apartments recently received a HUD loan Final Endorsement.

Transcontinental Realty Investors Inc. and Abode Properties Refinance Sawgrass Creek Apartments in New Port Richey, Florida
Dallas, TX (April 27, 2020) – Transcontinental Realty Investors Inc., (NYSE: TCI) Southern Properties Capital, and Abode
Properties announce successful refinance of Class A asset Sawgrass Creek apartments in New Port Richey, Florida.

Pillar Income Asset Management, Transcontinental Realty Investors Inc. and Abode Properties Continue Development,
Land Sales, and Refinancing Projects
Dallas, TX (April 22, 2020) – Pillar Income Asset Management, as the management company for Transcontinental Realty 
Investors Inc. (NYSE: TCI), American Realty Investors, Inc. (NYSE: ARL), Income Opportunity Realty Investors, Inc. (NYSE: IOR) and Abode Properties confirms that business operations are continuing steadily tied to daily operations.

Transcontinental Realty Investors Inc. and Abode Properties Refinance Terra Lago Apartments in Rowlett, Texas
Dallas, TX (March 23, 2020) – Transcontinental Realty Investors Inc., (NYSE: TCI) and Abode Properties announces successful refinance of Class A asset Terra Lago apartments in Rowlett, Texas. Barings Real Estate Capital originated the refinance with a significant rate reduction.