Income Opportunity Realty Investors (IOR)
Invests in related-party mortgage notes and receivables backed by land and multifamily property.
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Earns interest on a concentrated set of related-party receivables and mortgage notes, with investments intended to be collateralized by land and multifamily properties in the Southern United States. The externally managed company has no employees and no owned real estate.
Earns interest from related-party receivables and a mortgage note rather than from owned real estate. Its investment policy centers on notes collateralized by land and multifamily-property investments, with disclosed collateral in the Southern United States. The principal balances consist of a cash-management receivable from Pillar Income Asset Management and a mortgage note from Unified Housing Foundation.
Operates through Pillar, its affiliated advisor and cash manager, which supplies executive, accounting, legal, capital-markets, administrative, opportunity-sourcing and financing services. The board approves the annual business plan and reviews the advisory agreement, while Pillar reports against the plan. Income is tied to short-term-rate-linked related-party balances, and substantially all assets are related-party receivables or notes. The company has no employees or owned real estate.
Company facts
No analyst consensus on record.
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $29.0K · Total debt $0 · Total assets $127.6M · Shareholders' equity $127.6M
- Revenue
- $989.0K
- Operating income
- −$97.0K
- Net income
- $705.0K
No dividends on record.
| Institutions | 0.23% | 9.2K shares | |
|---|---|---|---|
| 4 holders · as of Jun 30, 2026 | |||
| Strategic holders | 84.55% | 3.44M shares | |
| 1 holder · as of Dec 17, 2025 | |||
| Other | 15.22% | 619.0K shares | |
| remainder | |||
4.07M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Transcontinental Realty Investors IncStrategic | 84.55% | 3.44M | filed Dec 17, 2025 |
Vanguard Capital Management LLCInstitution | 0.15% | 6,107 | as of Jun 30, 2026 |
Vanguard Fiduciary Trust CoInstitution | 0.07% | 2,782 | as of Jun 30, 2026 |
Tower Research Capital LLC (TRC)Institution | 0.00% | 196 | as of Jun 30, 2026 |
UBS Group AGInstitution | 0.00% | 152 | as of Jun 30, 2026 |
Insider tradesForm 4
Nothing filed in the last 12 months.
- Transcontinental Realty Investors
Nearest affiliate rival for Southern U.S. mortgage-note opportunities.
- American Realty Investors
Affiliate rival for Pillar-sourced mortgage-note investments.
- NexPoint Real Estate Finance
Commercial mortgage REIT pursuing multifamily and development loans.
- Arbor Realty Trust
Nationwide lender for multifamily and commercial mortgages.
- Blackstone Mortgage Trust
Senior commercial mortgage lender to institutional property owners.
- Starwood Property Trust
Large-scale lender across commercial mortgages and mezzanine debt.
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Income Opportunity Realty Investors | $17.00 | −8.11% | $69.1M | 18.7 | — | 13.6 | — |
| Transcontinental Realty Investors | $40.86 | +3.00% | $342.7M | 42.7 | — | 6.8 | +5.8% |
| American Realty Investors | $15.53 | −0.07% | $251.0M | 30.1 | — | 4.9 | +5.8% |
| NexPoint Real Estate Finance | $16.31 | +0.03% | $307.2M | 7.0 | 9.2 | 2.3 | +9.2% |
| Arbor Realty Trust | $4.37 | +0.73% | $834.8M | 32.1 | 10.3 | 0.7 | −11.1% |
| Blackstone Mortgage Trust | $13.19 | −0.60% | $2.24B | 165.9 | 10.9 | 1.5 | +18.1% |
| Starwood Property Trust | $15.11 | +0.73% | $5.56B | 22.0 | 9.0 | 2.7 | +7.9% |
| Median | 31.1 | 9.7 | 2.5 | +6.9% |









