Transcontinental Realty Investors, Inc. Announces Resignation of Daniel J. Moos as Chief Executive Officer
August 18, 2020 at 05:13 pm EDT
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Transcontinental Realty Investors, Inc. announced that Effective August 14, 2020, Daniel J. Moos as Chief Executive Officer of Transcontinental Realty Investors, Inc. ceased to be and resigned as Chief Executive Officer. Mr. Moos noted that his resignation is not the result of any disagreement with the Company, its management, the Board of Directors or any committee of the Board with respect to procedures, policies or operations of the Issuer.
Transcontinental Realty Investors, Inc. is a fully integrated, externally managed real estate company. The Company operates through two segments: the acquisition, development, ownership and management of multifamily properties, and the acquisition, development, ownership and management of commercial properties, which are primarily office properties. The services for its commercial segment include primarily rental of office space and other tenant services, including parking and storage space rental. The services for its multifamily segment include primarily rental of apartments and other tenant services, including parking and storage space rental. It holds a diverse portfolio of equity real estate located across the United States, including office buildings, apartments, shopping centers, and developed and undeveloped land. It invests in real estate through direct ownership, leases and partnerships and invests in mortgage loans on real estate. It also holds mortgage receivables.