DALLAS--(BUSINESS WIRE)--Transcontinental Realty Investors, Pillar Income Asset Management and Abode Properties recently made donations to three Rowlett, Texas community organizations. The Dallas-based real estate management and development companies are new to the Rowlett community with their new multi-family property, Terra Lago Apartments.
“We are thrilled to become a part of the Rowlett community,” said Daniel J. Moos, TCI CEO & President. “It is important to our company to not only develop beautiful high-end living spaces for the cities where we choose to own and operate our properties, but to also learn about and support the community itself. We hope the donations to the Rowlett Community Center, Rowlett Needy Children’s Fund, and the Company of Rowlett Performers will help strengthen their impact on the city’s citizens.”
Barbara Thomas, Rowlett Needy Children’s Fund Cofounder, accepted their donation. “I can’t thank you enough for your generosity. It will help more than you know,” said Thomas. “Our mission is to enhance health and welfare by providing appropriate assistance to families in need with children and the elderly in the Rowlett Community. And we are proud that all donated money and items stay in our city.”
Donna Covington accepted the donation on behalf of the Company of Rowlett Performers. “What a fantastic surprise. This donation will go towards the arts education for our city’s young citizens. I founded the Company of Rowlett Performers with a group of enthusiastic parents in March 2000. The company began as an after school program and has grown into a thriving community theater company and prides itself in education of youth in theater. The company sponsors annual Student Interns that plan to make Theater a focus of study in their future,” said Covington.
Terra Lago is a 451-unit Class A Midrise Multi-Family community located along the east line of Scenic Drive in the far eastern portion of Rowlett, Texas. The property has water frontage along Lake Ray Hubbard. The Lakeside location will offer one, two, and three bedroom apartments with high-quality amenities and stunning lake views. A structured parking garage with entry at each floor level, temperature controlled corridors and cyber lounges are the comforts and conveniences offered. Interior features will include granite countertops, ceiling fans, 2" faux wood blinds, pendant lighting, kitchen islands, oval garden tubs, walk-in closets, patios and balconies, walk-in pantries, and eat-in kitchen bars. Select units offer double vanities and bath linen closets. Exterior amenities will comprise of resort-style pools, decked courtyards with water features, tanning ledges, BBQ grills, fitness centers, business center and a bocce ball court.
Transcontinental Realty Investors (www.transconrealty-invest.com) 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. Value is added under Transcontinental ownership, and the properties are repositioned into higher classifications through physical improvements and improved management. Transcontinental also develops new properties, such as luxury apartment homes principally on land it owns or acquires.
Pillar Income Asset Management, Inc. (www.pillarincome.com) is a Dallas-based real estate management company, which develops and manages in excess of $2.5 billion of real estate for public and private real estate entities. Affiliated companies under management or advisement by Pillar include American Realty Investors, Inc. (NYSE: ARL); Transcontinental Realty Investors, Inc. (NYSE: TCI); Income Opportunity Realty Investors, Inc. (NYSE American: IOR); and Regis Property Management, LLC (www.regisinc.com).
Abode Properties is a subsidiary of Transcontinental Realty Investors Inc., (NYSE: TCI), a Dallas-based real estate investment company. Abode’s investment and strategic focus is to acquire, develop, and operate a portfolio of desirable multifamily residential properties, while capitalizing on our ability to obtain long term and static debt structures. The portfolio stands to benefit from historically established, proven, and successful operational practices, seasoned on-site management, and an experienced leadership team with forward-thinking capabilities in order to realize maximum cash flows and consistent returns, while maintaining unequaled resident and customer service. We are disciplined and prudent allocators of capital and we will continue growing our geographically diverse portfolio from the Southwest to the Southeast. These markets are geographically located in areas of the country that correspond with both sustainable and viable economic growth activity.
