Transcontinental Realty Investors (TCI)
Owns and develops multifamily, commercial, and land assets across southern U.S. markets.
Something off on this page? Send us feedback.
Owns, develops, and leases multifamily and commercial real estate, with land held for development or appreciation and mortgage notes receivable alongside the property portfolio. Operations are externally managed by Pillar, with no direct employees and concentrated related-party control.
Acquires, develops, owns, and manages income-producing residential and commercial real estate, with land held for development or appreciation and mortgage notes receivable around the portfolio. Reportable segments are Residential, focused on multifamily properties, and Commercial, focused mainly on office properties.
Portfolio activity is concentrated in the southern United States, where the company leases apartments and commercial space, develops multifamily assets, and sells land or income-producing properties when appropriate. Recent context shows multifamily occupancy stronger than commercial occupancy, with several multifamily properties still in lease-up.
Day-to-day operations are handled by Pillar Income Asset Management, and property management uses outside managers plus related-party managers for some commercial assets. The structure leaves the business dependent on external management, related-party arrangements, property leasing, development execution, and concentrated ownership.
Company facts
No analyst consensus on record.
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $84.1M · Total debt $214.5M · Total assets $1.13B · Shareholders' equity $846.1M
- Revenue
- $12.9M
- Operating income
- −$2.3M
- Net income
- −$1.1M
No dividends on record.
| Institutions | 3.79% | 332.7K shares | |
|---|---|---|---|
| 47 holders · as of Jun 30, 2026 | |||
| Strategic holders | 162.04% | 14.22M shares | |
| 2 holders · as of Jan 21, 2026 | |||
| Adds to | 165.83% | ||
8.77M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
These groups come from separate filings that can overlap, so they add to 165.83%; nothing is left for Other.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
May Realty Holdings, Inc.Strategic | 84.06% | 7.38M | filed Aug 27, 2018 |
American Realty Investors Inc1Strategic10 percent owner | 77.98% | 6.84M | filed Jan 21, 2026 |
BlackRock, Inc.Institution | 1.11% | 96,999 | as of Jun 30, 2026 |
TCW Group IncInstitution | 0.76% | 66,431 | as of Jun 30, 2026 |
Geode Capital Management, LLCInstitution | 0.34% | 29,948 | as of Jun 30, 2026 |
- American Realty Investors Inc's transaction reports restate only vehicles that traded; the 2026 ownership statement (6.84M) is used instead.
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jan 12, 2026 | American Realty Investors Inc | 10 percent owner | +70,023 | $55.50 |
- NexPoint Residential Trust
Sun Belt value-add apartment owner with debt-investment overlap
- BRT
Southeast/Texas multifamily owner with preferred-equity exposure
- Independence Realty Trust
Non-gateway apartment owner across southern and Texas markets
- Camden Property Trust
Houston-based apartment REIT with active development pipeline
- Cousins Properties
Sun Belt office REIT with Dallas/Austin development overlap
- Howard Hughes
Texas master-planned developer with office and multifamily assets
- St. Joe
Northwest Florida land developer with leasing and multifamily overlap
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Transcontinental Realty Investors | $40.85 | +2.97% | $342.7M | 42.7 | — | 6.8 | +5.8% |
| NexPoint Residential Trust | $21.69 | +1.50% | $543.1M | — | — | 2.1 | +2.4% |
| BRT | $14.16 | +1.54% | $262.4M | — | — | 2.7 | +1.3% |
| Independence Realty Trust | $14.82 | +1.09% | $3.46B | 79.9 | 69.1 | 5.2 | +3.2% |
| Camden Property Trust | $99.26 | +0.44% | $9.93B | 32.8 | 104.8 | 6.3 | −0.9% |
| Cousins Properties | $28.99 | +1.15% | $4.72B | 700.7 | 75.5 | 4.6 | +11.8% |
| Howard Hughes | $65.99 | +0.59% | $3.91B | 13.3 | 20.9 | 1.6 | +330.2% |
| St. Joe | $66.35 | +2.76% | $3.68B | 30.2 | — | 6.7 | +23.0% |
| Median | 32.8 | 72.3 | 4.6 | +3.2% |