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Stock impact report

Transcontinental Realty Investors Inc. and Abode Properties Refinance Sawgrass Creek Apartments in New Port Richey, Florida

Transcontinental Realty Investors, Inc. (TCI) 
US:NYSE Investor Relations: transconrealty-invest.com
Company Research Source: Business Wire
DALLAS--(BUSINESS WIRE)--Transcontinental Realty Investors Inc., (NYSE: TCI) Southern Properties Capital, and Abode Properties announce successful refinance of Class A asset Sawgrass Creek apartments in New Port Richey, Florida. Berkeley Point Capital LLC originated the refinance with the loan insured by Freddie Mac. Due to mature in June, the new loan is for 7 years and the London Inter-bank Offered Rate reduced from + 3% down to + 2.31%.This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200427005504/en/Abode Properties owned lake view property Sawgrass Creek apartments in New Port Richey, Florida (Photo: Business Wire)“We are very pleased to have achieved this closing given the current pandemic and stay at home mandates,” commented Daniel Moos, CEO and President. “This achievement further demonstrates the strength of our portfolio and expertise of our team of professionals.”Sawgrass Creek Phase II is over 96% leased and i Show less Read more
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