DALLAS--(BUSINESS WIRE)--CEO and President Daniel J. Moos announced today that Transcontinental Realty Investors Inc. (NYSE: TCI) has now been included in the Russell 2000 US Equity Index.
Russell Indexes are widely used by investment managers and institutional investors for both index funds and as benchmarks for passive and active investment strategies. The annual reconstitution of the Russell 2000 captures the 2,000 largest U.S. stocks, ranking them by total market capitalization.
“TCI’s recent inclusion in the Russell 2000, exemplifies our ongoing strategic success and growth,” said CEO and President Daniel J. Moos. “As exciting as it was to be included in the Russell 3000 in 2017, we are very pleased our company has now been added to the Russell 2000.”
Since their launch in 1984, the Russell US indexes — including the Russell 1000, Russell 2000 and Russell 3000 Indexes as well as their Growth & Value Style components — have been widely adopted by institutional investors for their academic integrity and investor usability.
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 ownership and professional management of income producing apartments and office buildings 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 has dramatically expanded its development capabilities associated with luxury apartment homes through its wholly owned subsidiary Abode Properties, principally on land it owns or acquires.