Effective April 14, 2023, Bradley J. Muth, age 63, President since December 16, 2021 of Transcontinental Realty Investors, Inc. ceased to be and resigned as President and Chief Executive Officer as well as all positions with any subsidiary entities. Mr. Muth 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.