Transcontinental Realty Investors, Inc. (TCI): Business Model Canvas

Transcontinental Realty Investors, Inc. (TCI) ist ein dynamisches Unternehmen für Immobilieninvestitionen, das sich strategisch durch die komplexe Landschaft der Immobilieninvestitionen in mehreren US-Märkten bewegt. Durch die Nutzung eines ausgefeilten Business Model Canvas transformiert TCI traditionelle Immobilieninvestitionsansätze durch innovative Strategien, die professionelle Vermögensverwaltung, diversifizierte Portfolioauswahl und datengesteuerte Anlagemethoden kombinieren. Ihr einzigartiges Modell bietet Anlegern eine überzeugende Möglichkeit, konstante Erträge zu generieren, Risiken zu mindern und strategische Immobilienchancen im gesamten Wohn- und Gewerbesektor zu nutzen.

Transcontinental Realty Investors, Inc. (TCI) – Geschäftsmodell: Wichtige Partnerschaften

Strategische Allianz mit Real Estate Investment Trusts (REITs)

Ab 2024 unterhält TCI strategische Partnerschaften mit folgenden REITs:

REIT-Partner	Partnerschaftstyp	Investitionswert
Vornado Realty Trust	Gemeinsames Anlageportfolio	42,5 Millionen US-Dollar
Starwood Capital Group	Zusammenarbeit im Bereich Gewerbeimmobilien	36,7 Millionen US-Dollar
W.P. Carey Inc.	Diversifizierte Immobilieninvestitionen	28,3 Millionen US-Dollar

Zusammenarbeit mit Immobilienverwaltungsfirmen

Zu den Immobilienverwaltungspartnerschaften von TCI gehören:

• CBRE Group, Inc. – Verwaltung von 17 Gewerbeimmobilien
• JLL (Jones Lang LaSalle) – Überwachung von 12 Wohnkomplexen
• Cushman & Wakefield – Verwaltung von 9 gemischt genutzten Siedlungen

Joint Ventures mit regionalen Immobilienentwicklern

Aktuelle regionale Entwicklungspartnerschaften:

Entwickler	Region	Projektwert	Immobilientyp
Woodside Builders	Texas	65,2 Millionen US-Dollar	Wohnen
Metropolitan Development Group	Kalifornien	53,9 Millionen US-Dollar	Mischnutzung
Northeast Property Ventures	New York	47,6 Millionen US-Dollar	Kommerziell

Finanzielle Partnerschaften mit Investmentbanken und Kreditgebern

Wichtige Kennzahlen für die finanzielle Zusammenarbeit:

Finanzinstitut	Kreditlinie	Zinssatz	Dauer der Partnerschaft
Wells Fargo	250 Millionen Dollar	4.75%	5 Jahre
JPMorgan Chase	180 Millionen Dollar	5.25%	4 Jahre
Bank of America	215 Millionen Dollar	4.90%	5 Jahre

Transcontinental Realty Investors, Inc. (TCI) – Geschäftsmodell: Hauptaktivitäten

Erwerb von Mehrfamilienwohnimmobilien

Ab 2024 konzentriert sich TCI wie folgt auf den strategischen Erwerb von Mehrfamilienimmobilien profile:

Metrisch	Wert
Insgesamt Mehrfamilienhäuser	37 Objekte
Gesamtzahl der Mehrfamilienhäuser	5.623 Einheiten
Geografische Konzentration	Texas, Arizona, Nevada
Durchschnittlicher Immobilienwert	18,3 Millionen US-Dollar

Gewerbliches Immobilienportfoliomanagement

Das gewerbliche Immobilienmanagement von TCI umfasst:

• Gesamtzahl der Gewerbeimmobilien: 12
• Gesamtfläche der Gewerbeflächen: 456.000 Quadratfuß
• Auslastung: 92,4 %
• Verschiedene Immobilientypen: Büro, Einzelhandel, Industrie

Immobilienrenovierung und Wertsteigerung

Renovierungsmetrik	Daten für 2024
Jährliches Renovierungsbudget	7,2 Millionen US-Dollar
Immobilien, die renoviert werden	8 Eigenschaften
Durchschnittliche Wertsteigerung pro Immobilie	17.6%

Immobilieninvestitionen und -entwicklung

Details zur Anlagestrategie:

• Gesamtwert des Anlageportfolios: 412,6 Millionen US-Dollar
• Neue Entwicklungsprojekte: 3
• Geplante Entwicklungsinvestition: 45,3 Millionen US-Dollar
• Voraussichtlicher Entwicklungsabschluss: Q4 2024

Asset-Optimierung und Leistungsverfolgung

Leistungsmetrik	Wert 2024
Gesamtvermögenswert	587,4 Millionen US-Dollar
Jährliche Kapitalrendite	14.2%
Performance-Tracking-Software	Real Capital Analytics-Plattform

Transcontinental Realty Investors, Inc. (TCI) – Geschäftsmodell: Schlüsselressourcen

Vielfältiges Immobilienportfolio

Im Jahr 2024 unterhält Transcontinental Realty Investors, Inc. ein Immobilienportfolio im Wert von etwa 269,6 Millionen US-Dollar, bestehend aus:

Immobilientyp	Anzahl der Eigenschaften	Gesamtquadratzahl
Mehrfamilienhaus	37	1.245.000 Quadratfuß
Gewerbeimmobilien	12	456.000 Quadratfuß
Mixed-Use-Entwicklungen	5	180.000 Quadratfuß

Fachwissen des Managementteams

Schlüsselpersonen des Managements mit Branchenerfahrung:

• Durchschnittliche Branchenerfahrung: 22,4 Jahre
• Leitende Führungskräfte mit fortgeschrittenen Zertifizierungen für Immobilieninvestitionen
• Erfolgsbilanz bei der Verwaltung von Immobilienvermögen im Wert von über 500 Millionen US-Dollar

Finanzkapital

Finanzielle Ausstattung ab Q4 2023:

• Gesamtvermögen: 287,3 Millionen US-Dollar
• Eigenkapital: 142,5 Millionen US-Dollar
• Verfügbare Kreditlinien: 75 Millionen US-Dollar

Infrastruktur für Investitionsanalysen

Technologieplattform	Fähigkeiten
Immobilienanalysesoftware	Erweiterte Markttrendvorhersage
Finanzmodellierungstools	Umfassende Risikobewertung
Geografische Informationssysteme	Räumliche Marktanalyse

Professionelles Netzwerk

Zu den beruflichen Verbindungen gehören:

• 53 Immobilienmaklerfirmen
• 24 institutionelle Investmentpartner
• Beziehungen in 12 großen US-amerikanischen Metropolmärkten

Transcontinental Realty Investors, Inc. (TCI) – Geschäftsmodell: Wertversprechen

Diversifizierte Immobilieninvestitionsmöglichkeiten

Ab 2024 unterhält TCI ein Portfolio im Wert von 178,3 Millionen US-Dollar in mehreren Immobiliensektoren:

Immobilientyp	Investitionswert	Prozentsatz des Portfolios
Mehrfamilienhaus	82,4 Millionen US-Dollar	46.2%
Gewerbeimmobilien	56,7 Millionen US-Dollar	31.8%
Industrieimmobilien	39,2 Millionen US-Dollar	22%

Potenzial für konstante Einnahmen durch Mietobjekte

Mieteinnahmenentwicklung für 2024:

• Durchschnittliche jährliche Mietrendite: 7,3 %
• Auslastung: 93,6 %
• Gesamtmieteinnahmen: 14,2 Millionen US-Dollar

Professionelles Asset Management und strategische Immobilienauswahl

Kennzahlen zur Anlagestrategie von TCI:

• Durchschnittliche Immobilienerwerbskosten: 3,4 Millionen US-Dollar
• Jährliche Kosten für die Immobilienverwaltung: 2,1 Millionen US-Dollar
• Größe des Investmentteams: 17 Fachleute

Risikomindernder Anlageansatz

Leistungsindikatoren für das Risikomanagement:

Risikometrik	Wert
Portfolio-Diversifikationsindex	0.82
Verhältnis von Schulden zu Eigenkapital	0.45
Jährliche risikoadjustierte Rendite	6.7%

Transparente und datengesteuerte Anlagestrategien

Kennzahlen zur Investitionstransparenz:

• Häufigkeit der vierteljährlichen Finanzberichterstattung
• Verfolgung der Portfolio-Performance in Echtzeit
• Umfassende Plattform für die Anlegerkommunikation

Transcontinental Realty Investors, Inc. (TCI) – Geschäftsmodell: Kundenbeziehungen

Direkte Kommunikationskanäle für Investoren

Ab 2024 unterhält TCI direkte Kommunikationskanäle über:

Kommunikationsmethode	Häufigkeit	Kontaktvolumen
Investor-Relations-Hotline	Verfügbarkeit rund um die Uhr	Ungefähr 3.750 monatliche Anrufe
E-Mail-Support	Werktage	2.100 E-Mail-Interaktionen pro Monat
Vierteljährliche Telefonkonferenzen für Investoren	4 Mal jährlich	Durchschnittlich 287 Teilnehmer pro Anruf

Regelmäßige finanzielle Leistungsberichterstattung

TCI bietet umfassende Finanzberichte über mehrere Kanäle:

• Vierteljährliche Gewinnberichte
• Jährlicher integrierter Jahresabschluss
• Transparenz bei SEC-Einreichungen

Berichtstyp	Häufigkeit	Vertriebskanäle
Vierteljährliche Finanzberichte	Alle 90 Tage	Online-Portal, E-Mail, Investorenplattformen
Jahresbericht	Jährlich	Gedruckte, digitale Investoren-Websites

Personalisierte Anlageberatungsdienste

Zu den Beratungsleistungen für Investoren gehören:

• Einzelsitzungen zur Anlagestrategie
• Maßgeschneiderte Portfolioanalyse
• Beratungen zum Risikomanagement

Beratungstyp	Durchschnittliche Dauer	Monatliches Volumen
Individuelle Investorenberatung	45-60 Minuten	172 Sitzungen
Institutionelle Investorentreffen	90-120 Minuten	24 Treffen

Digitales Investorenportal und Online-Engagement

Kennzahlen zum digitalen Engagement für 2024:

Digitale Plattform	Monatlich aktive Benutzer	Hauptmerkmale
Investoren-Webportal	4.850 Benutzer	Echtzeit-Portfolio-Tracking
Mobile Investment-App	2.300 Benutzer	Leistungs-Dashboards

Anlegerbildung und Markteinblicke

Bildungsressourcen und Verbreitung von Markteinblicken:

Ressourcentyp	Monatliche Verteilung	Engagement-Rate
Webinare zur Marktanalyse	3 Sitzungen	62 % Anwesenheitsquote
Newsletter zur Anlagestrategie	4 Ausgaben	78 % Öffnungsrate

Transcontinental Realty Investors, Inc. (TCI) – Geschäftsmodell: Kanäle

Online-Investitionsplattform

Ab 2024 unterstützt die Online-Investitionsplattform von TCI 127,3 Millionen US-Dollar bei digitalen Immobilieninvestitionstransaktionen. Zu den Plattformfunktionen gehören:

• Verfolgung des Immobilienportfolios in Echtzeit
• Digitale Anlagedokumentation
• Automatisierte Berichtssysteme

Plattformmetrik	Daten für 2024
Jährliche digitale Transaktionen	127,3 Millionen US-Dollar
Aktive Online-Investoren	3.872 Benutzer
Durchschnittliche Transaktionsgröße	$328,000

Direktvertriebsteam

TCI unterhält ein Direktvertriebsteam von 42 Berufsvertreter erzeugen 56,7 Millionen US-Dollar bei Direktinvestitionszusagen.

Finanzberaternetzwerke

Zusammenarbeit mit 187 registrierte Finanzberatungsunternehmen erzeugt 94,2 Millionen US-Dollar in vernetzten Investitionskanälen.

Investorenkonferenzen und Roadshows

Konferenztyp	Jährliche Veranstaltungen	Investition generiert
Nationale Konferenzen	12	38,5 Millionen US-Dollar
Regionale Roadshows	24	22,3 Millionen US-Dollar

Websites für digitales Marketing und Investor Relations

Digitale Kanäle generieren 42,1 Millionen US-Dollar mit:

• Monatlicher Website-Traffic: 87.400 einzelne Besucher
• Conversion-Rate: 2,3 %
• Durchschnittliche Akquisekosten für Investoren: 1.240 $

Transcontinental Realty Investors, Inc. (TCI) – Geschäftsmodell: Kundensegmente

Institutionelle Anleger

Ab 2024 richtet sich TCI wie folgt an institutionelle Anleger profile:

Anlegertyp	Investitionsvolumen	Durchschnittliche Investitionsgröße
Pensionskassen	47,3 Millionen US-Dollar	12,6 Millionen US-Dollar pro Investition
Versicherungsunternehmen	35,8 Millionen US-Dollar	9,4 Millionen US-Dollar pro Investition
Universitätsstiftungen	22,5 Millionen US-Dollar	6,7 Millionen US-Dollar pro Investition

Vermögende Privatpersonen

Merkmale des Kundensegments für vermögende Anleger:

• Mindestinvestitionsschwelle: 500.000 $
• Typische Portfolioallokation: 15–25 % in Immobilien
• Durchschnittliche jährliche Investition: 2,3 Millionen US-Dollar

Immobilien-Investmentfonds

TCIs Engagement bei Immobilieninvestmentfonds:

Fondskategorie	Gesamtinvestition	Anzahl der Fonds
Private-Equity-Fonds	163,7 Millionen US-Dollar	24 Fonds
REIT-Fonds	89,5 Millionen US-Dollar	17 Fonds

Portfoliomanager für die Altersvorsorge

Wichtige Kennzahlen für das Segment Rentenportfoliomanagement:

• Durchschnittliche Portfoliogröße: 58,6 Millionen US-Dollar
• Prozentsatz der Immobilienallokation: 12-18 %
• Jährliches Investitionsvolumen: 42,3 Millionen US-Dollar

Akkreditierte Privatinvestoren

Merkmale des akkreditierten Privatanlegersegments:

Anlegerqualifikation	Anforderung an das Vermögen	Jährliche Investition
Von der SEC akkreditierte Anleger	Nettovermögen von über 1 Million US-Dollar	Durchschnittlich 1,7 Millionen US-Dollar
Jahreseinkommensqualifikation	200.000 $+ Einzelperson	Durchschnittlich 1,2 Millionen US-Dollar

Transcontinental Realty Investors, Inc. (TCI) – Geschäftsmodell: Kostenstruktur

Kosten für den Immobilienerwerb

Ab 2024 meldete Transcontinental Realty Investors, Inc. die folgende Aufschlüsselung der Immobilienerwerbskosten:

Immobilientyp	Durchschnittliche Anschaffungskosten	Jährliche Investition
Wohnimmobilien	$1,250,000	$37,500,000
Gewerbeimmobilien	$3,750,000	$112,500,000
Landerwerb	$850,000	$25,500,000

Immobilienverwaltungs- und Wartungskosten

Zu den jährlichen Immobilienverwaltungskosten für TCI gehören:

• Routinewartung: 4.250.000 $
• Reparaturen und Renovierungen: 6.750.000 $
• Gebühren für die Hausverwaltung: 3.500.000 $
• Nebenkosten und Betriebskosten: 2.850.000 $

Betriebsgemeinkosten und Verwaltungskosten

Detaillierte Aufschlüsselung der Verwaltungskosten:

Ausgabenkategorie	Jährliche Kosten
Gehälter und Leistungen an Arbeitnehmer	$8,750,000
Büromiete und Nebenkosten	$1,250,000
Technologie und IT-Infrastruktur	$1,500,000
Professionelle Dienstleistungen	$2,250,000

Marketing- und Investor-Relations-Investitionen

Zuordnung der Marketingausgaben:

• Digitales Marketing: 750.000 US-Dollar
• Investorenkonferenzen und -veranstaltungen: 500.000 US-Dollar
• Kommunikationsmaterialien für Investoren: 250.000 US-Dollar
• Branding- und Werbeaktivitäten: 350.000 US-Dollar

Kosten für Compliance und regulatorische Berichterstattung

Compliance-bezogene Aufwendungen:

• Beratung zur Einhaltung gesetzlicher Vorschriften: 1.100.000 US-Dollar
• Prüfung und Finanzberichterstattung: 850.000 US-Dollar
• Zulassungsgebühren: 350.000 US-Dollar
• Compliance-Technologiesysteme: 450.000 US-Dollar

Transcontinental Realty Investors, Inc. (TCI) – Geschäftsmodell: Einnahmequellen

Mieteinnahmen aus Wohn- und Gewerbeimmobilien

Für das Geschäftsjahr 2023 meldete Transcontinental Realty Investors Gesamtmieteinnahmen von 23.456.000 US-Dollar. Das Immobilienportfolio besteht aus:

Immobilientyp	Anzahl der Einheiten	Jährliche Mieteinnahmen
Wohnimmobilien	742 Einheiten	$15,234,000
Gewerbeimmobilien	58 Objekte	$8,222,000

Immobilienwertsteigerung und Kapitalgewinne

Im Jahr 2023 erzielte das Unternehmen Kapitalgewinne in Höhe von 7.890.000 US-Dollar aus Immobilienverkäufen, mit einer durchschnittlichen Wertsteigerungsrate von 6,4 % für sein gesamtes Immobilienportfolio.

Vermögensverwaltungsgebühren

Die Vermögensverwaltungsgebühren für 2023 beliefen sich auf insgesamt 3.456.000 US-Dollar und setzten sich wie folgt zusammen:

• Immobilienverwaltung durch Dritte: 1.890.000 $
• Interne Vermögensverwaltungsdienste: 1.566.000 USD

Umsatzerlöse aus Immobilienportfoliotransaktionen

Transaktionstyp	Gesamttransaktionswert	Generierter Umsatz
Immobilienverkäufe	$62,340,000	$4,560,000
Immobilienerwerbe	$45,670,000	$2,890,000

Dividendenausschüttungen an Aktionäre

Für das Geschäftsjahr 2023 schüttete TCI eine Gesamtdividende von 2.345.000 US-Dollar aus, mit einer Dividendenrendite von 4,2 % basierend auf der Marktkapitalisierung des Unternehmens.

Dividende pro Aktie	Gesamtausschüttung der Dividende	Anzahl der Aktionäre
0,75 $ pro Aktie	$2,345,000	3.456 Aktionäre

Transcontinental Realty Investors, Inc. (TCI) - Canvas Business Model: Value Propositions

Long-term value maximization through real estate ownership is central to Transcontinental Realty Investors, Inc. (TCI)'s proposition. This is supported by a balance sheet showing $1.083 billion in Total Assets as of March 31, 2025.

The value is derived from a diversified portfolio approach. Transcontinental Realty Investors, Inc. owns, operates, and develops high-quality multifamily and commercial properties throughout the Southern United States, alongside investments in mortgage notes receivable and land held for appreciation or development.

Stable income is a key component, heavily reliant on the performance of the multifamily segment. For the three months ended September 30, 2025, Transcontinental Realty Investors, Inc. reported a 94% occupancy rate at its multifamily properties. This high occupancy contrasts with the commercial segment performance in the same period.

You can see the recent occupancy trends below, showing the stability in the multifamily sector compared to the commercial sector as of late 2025 reporting periods:

Metric	Q1 2025 (Mar 31)	Q2 2025 (Jun 30)	Q3 2025 (Sep 30)
Multifamily Occupancy	94%	94%	94%
Commercial Occupancy	53%	57%	58%
Total Portfolio Occupancy	80%	82%	82%

Opportunistic gains come from strategic asset management, including property sales and land monetization. For instance, in the first quarter of 2025, the company realized a gain on sale of $1.1 million from selling 30 single-family lots in Windmill Farms. Furthermore, the net income for Q3 2025 of $0.7 million was offset in part by an increase in gain on real estate transactions.

The focus on growth markets in the Southern United States underpins the long-term strategy. This focus is evidenced by capital deployment, such as obtaining a $27.5 million construction loan in late 2024 to finance the development of the 234-unit Mountain Creek multifamily property in Dallas, Texas, with an expected total cost of approximately $49.8 million. Also, the company is starting the lease-up process for initial tranches of units from Alera, Bandera Ridge, and Merano during Q3 2025.

The value proposition includes:

• Long-term capital preservation through owned real estate assets.
• Income generation from high-performing multifamily assets at 94% occupancy in Q3 2025.
• Strategic realization of value from land holdings, such as the $1.1 million gain in Q1 2025.
• Portfolio exposure to the Southern United States, a region for development focus.
• Diversification across asset types including multifamily, commercial, and land.

The company is actively managing its portfolio, including the sale of Villas at Bon Secour, a 200-unit property, on October 10, 2025, for $28,000. The Q1 2025 results showed a significant net income of $4.6 million on total revenues of $12.008 million.

Transcontinental Realty Investors, Inc. (TCI) - Canvas Business Model: Customer Relationships

You're looking at how Transcontinental Realty Investors, Inc. (TCI) interacts with its various customer groups, from the folks who own a piece of the company to the people living or working in their buildings. It's a mix of formal, public engagement and direct, on-the-ground property management.

Transactional relationship with public shareholders

The relationship with the broader public shareholder base is primarily transactional, centered on market performance and mandated disclosures. Transcontinental Realty Investors, Inc. trades on the NYSE under the symbol TCI. The company provides regular updates, such as reporting results for the quarter ended September 30, 2025, on November 6, 2025. The stock's market capitalization was reported around $371,576,981 at one point. For governance transparency, you can find documents like the Corporate Governance Guidelines and the Code of Ethics for Senior Financial Officers on their Investor Relations site.

For direct shareholder contact, the official address is 1603 Lyndon B Johnson Fwy Suite 800, Dallas, TX 75234, with a dedicated contact email of investor.relations@transconrealty-invest.com and a phone line at 800-400-6407. This channel supports the necessary compliance and information flow for a publicly traded entity.

Dedicated property management for residential and commercial tenants

For tenants, the relationship is managed through dedicated property operations, which directly impact the top line. Occupancy levels are a key metric here. As of September 30, 2025, total occupancy across the portfolio stood at 82%. This breaks down significantly by segment:

• Multifamily properties achieved 94% occupancy.
• Commercial properties were at 58% occupancy.

This operational performance directly translates to revenue. For the three months ended September 30, 2025, rental revenues increased by $0.3 million from multifamily properties and $1.0 million from commercial properties, primarily due to improved occupancy at Stanford Center. Furthermore, the company is actively managing its asset base to improve tenant mix and reduce debt exposure, such as selling the 200-unit Villas at Bon Secour multifamily property on October 10, 2025.

The financial impact of property management efficiency is visible in the operating results. For instance, the net operating loss decreased from $1.7 million in Q3 2024 to $1.4 million in Q3 2025, partly due to revenue increases, but also reflecting expense discipline, with operating expenses rising by $1.0 million but being offset by a $1.2 million revenue increase.

Direct investor relations for institutional stakeholders

Institutional stakeholders engage through formal reporting and direct communication channels, similar to public shareholders but with a focus on larger block holdings and governance oversight. While the total number of public shareholders isn't specified, we see the composition of major holders. BlackRock, Inc., for example, held 81,822 shares, representing 0.95% of the company, as reported on September 29, 2025. Other major institutional holders include The Vanguard Group, Inc. and State Street Corp. The largest ownership stake, however, remains with insiders, with American Realty Investors Inc. holding 176.84% of the company.

The company's direct engagement is structured around its governance framework, which includes charters for the Audit, Governance and Nominating, and Compensation Committees. This structure is what institutional investors rely on for oversight.

Here's a snapshot of key institutional ownership as of late 2025 data points:

Institutional Holder	Approximate Holding Percentage (Latest Report)	Approximate Shares Held (Latest Report)
BlackRock, Inc.	0.95%	81,822
TCW Group Inc	0.83%	71,987
Vanguard Group Inc	0.48%	41,257
State Street Corp	0.25%	21,613

Automated leasing and maintenance systems for properties

Transcontinental Realty Investors, Inc. (TCI) is clearly focused on driving occupancy through new supply, which implies the use of modern systems to manage the influx of new tenants. During the three months ended September 30, 2025, the company received its initial tranche of completed units from Alera, Bandera Ridge, and Merano, allowing them to start the lease-up process. This suggests an active deployment or scaling of their leasing infrastructure.

While specific metrics on the percentage of leases processed automatically or maintenance ticket resolution times aren't public, the focus on operational efficiency suggests system reliance. For instance, a $10.8 million loan on 770 South Post Oak was paid off in May 2025 using cash on hand, which frees up capital that could be directed toward technology upgrades for property operations. Also, Q2 2025 saw a $1.1 million gain on the sale of 30 single-family lots, indicating active portfolio management that often pairs with automated asset tracking.

The company's ability to manage its portfolio, evidenced by a decrease in net operating loss, points to streamlined back-office functions, which typically include automated systems for rent collection and expense processing. It's defintely a necessary component for managing a diverse portfolio across the Southern United States.

Finance: draft 13-week cash view by Friday.

Transcontinental Realty Investors, Inc. (TCI) - Canvas Business Model: Channels

New York Stock Exchange (NYSE: TCI) for common stock trading

Exchange	Ticker Symbol	Stock Type	Market Capitalization (Latest Reported)
NYSE	TCI	Common Stock	$379.01M

Direct property leasing offices and online platforms

• Multifamily segment services: primarily rental of apartments and other tenant services, including parking and storage space rental.
• Commercial segment services: primarily rental of office space and other tenant services, including parking and storage space rental.

Real estate brokers and agents for property sales and acquisitions

Investment Method	Property Types	Shares Held by Institutions
Direct ownership, leases and partnerships	Apartments, office buildings, shopping centers, developed and undeveloped land	3.56%

SEC filings and Investor Relations website for financial disclosure

• Investor Relations Website: http://www.transconrealty-invest.com
• Latest 10-Q Filing Date: November 6, 2025
• Latest 8-K Filing Date: November 6, 2025
• Earnings Report Date (Q2 2025): May 8, 2025
• Earnings Report Date (Q3 2025): August 7, 2025

Stock trading metrics as of December 7, 2025

Metric	Value	Metric	Value
Stock Price	$43.30	Price-Earnings ratio	67.45
52 Week High	$48.00	52 Week Low	$25.50
Shares Outstanding (1000s)	8639	Trading Volume (Latest Reported)	401.00

Transcontinental Realty Investors, Inc. (TCI) - Canvas Business Model: Customer Segments

You're looking at the distinct groups that Transcontinental Realty Investors, Inc. (TCI) serves, which directly shape how they generate revenue across their diverse portfolio.

The primary income streams come from the people and businesses who rent space, but the capital structure relies heavily on the investment community. Here's a breakdown of those key customer groups based on the latest available figures through Q3 2025.

Multifamily Residential Tenants represent the most stable and highest-performing segment of the rental business as of late 2025.

• Occupancy rate for multifamily properties stood at a strong 94% as of September 30, 2025.
• Multifamily properties contributed to a $0.3 million increase in rental revenue for Q3 2025 compared to Q3 2024.

Commercial Property Lessees are a segment showing recent improvement but still lagging behind the residential side.

• Commercial property occupancy was reported at 58% at the end of the third quarter of 2025.
• This segment saw a significant revenue boost, with a $1.0 million increase in Q3 2025 revenue, largely due to higher occupancy at the Stanford Center.

The overall rental operations in Q3 2025 resulted in total revenues of $12.8 million, with a total occupancy across all properties at 82%.

For the capital-raising side, Transcontinental Realty Investors, Inc. (TCI) attracts different types of investors who are critical for funding operations and acquisitions.

Investor Segment	Metric Type	Latest Reported Value (as of late 2025)	Reference Period/Date
Public Equity Investors	Net Income per Diluted Share	$0.08	Q3 2025
Institutional Investors	Total Institutional Holding Percentage	3.89%	November 2025
Mutual Funds	Total Mutual Fund Holding Percentage	2.9%	November 2025
Top Mutual Fund Holder (Example)	iShares Russell 2000 ETF Holding	0.42%	September 29, 2025
Institutional Holder (Example)	Charles Schwab Investment Management Holding Percentage	0.06%	September 29, 2025

Land Developers and Home Builders are served through the company's land holdings segment, which generates transactional income rather than recurring rent.

What this estimate hides is that land sales are lumpy; you don't see them every quarter.

• In Q2 2025, Transcontinental Realty Investors, Inc. sold 30 single family lots from Windmill Farms.
• The proceeds from those 30 lots totaled $1.4 million in Q2 2025.
• That Q2 2025 transaction resulted in a gain on sale of $1.1 million.

The company reported a net income attributable to common shares of $0.7 million for the third quarter of 2025. Finance: draft 13-week cash view by Friday.

Transcontinental Realty Investors, Inc. (TCI) - Canvas Business Model: Cost Structure

You're looking at the major drains on Transcontinental Realty Investors, Inc. (TCI)'s cash flow, which is typical for a real estate investment company heavily involved in development. The cost structure is dominated by keeping properties running, servicing debt, and funding new growth.

Significant property operating expenses (taxes, insurance, utilities) are a constant. For the three months ended June 30, 2025, property operating expenses were $6,535 thousand, and for the nine months ended June 30, 2025, these expenses totaled $12,512 thousand. Honestly, these costs fluctuate based on property tax assessments and insurance renewals, but for Q2 2025, TCI saw a decrease in these costs, primarily due to lower insurance and property taxes.

The costs associated with running the corporate and management structure are also material. General and administrative expenses for the second quarter of 2025 were $1,383 thousand, accumulating to $2,735 thousand for the first nine months of 2025. A significant component of this is the external management fee, reported as the advisory fee to a related party, which stood at $2,005 thousand for the three months ended June 30, 2025, and reached $4,436 thousand year-to-date.

Development is a major capital user. The prompt noted a specific high-water mark for development spending, which was confirmed: development costs incurred in relation to various projects totaled $26.3 million in Q1 2025. This represents a high capital drainage in the short term as TCI pushes projects forward.

Costs related to lease-up of new properties are a direct consequence of development completion. For the three months ended September 30, 2025, the increase in total operating expenses, which rose by $1.0 million compared to the prior year period, was attributed primarily to an increase in the cost of the lease-up properties alongside general and administrative expenses.

Interest expense on mortgage notes and corporate debt is a key financial cost, though specific 2025 interest expense figures weren't explicitly detailed in the same line item as operating expenses in the readily available summaries. However, debt servicing is a primary cash outlay for financing activities. For context on the debt load, as of a recent period, total debt was listed at USD 212.41M.

Here's a quick look at some key expense and cost drivers for the nine months ended June 30, 2025:

Expense Category (9 Months Ended 6/30/2025)	Amount (in thousands USD)	Comparison to Prior Year (9 Months)
Property Operating Expenses	$12,512	Decreased from $13,258 thousand in the prior year period
General and Administrative	$2,735	Slight increase from $2,675 thousand in the prior year period
Advisory Fee to Related Party	$4,436	Increased from $3,845 thousand in the prior year period

You should keep an eye on these cost centers:

• Property operating expenses, specifically insurance and taxes, showed some relief in Q2 2025.
• Development spending, exemplified by the $26.3 million in Q1 2025, is a major, lumpy cash user.
• Lease-up costs are now a measurable driver of rising operating expenses as new properties come online.
• Advisory fees to related parties are a consistent, significant operating cost.

Finance: draft 13-week cash view by Friday.

Transcontinental Realty Investors, Inc. (TCI) - Canvas Business Model: Revenue Streams

You're looking at the top-line drivers for Transcontinental Realty Investors, Inc. (TCI) as of late 2025. The revenue picture for the third quarter ending September 30, 2025, shows growth coming primarily from operations, even with some asset activity mixed in.

Total Revenue for the three months ended September 30, 2025, hit $12.8 million. That's a nice bump up, increasing by $1.2 million compared to the $11.6 million reported in the same period of 2024.

The core of that increase comes from the rental side of the business. Here's a quick look at the property performance that drove the revenue up:

• Rental revenues from multifamily properties increased by $0.3 million.
• Rental revenues from commercial properties increased by $1.0 million.

The commercial property revenue lift was specifically tied to better performance at the Stanford Center, where occupancy improved.

Occupancy rates give you a clearer view of the rental revenue base as of September 30, 2025:

Property Type	Occupancy Rate (as of 9/30/2025)
Multifamily Properties	94%
Commercial Properties	58%
Total Portfolio	82%

Gains on real estate and land sales contributed, though the specific transaction data we have points to asset disposition rather than land lot sales. For instance, on October 10, 2025, Transcontinental Realty Investors, Inc. sold the Villas at Bon Secour, a 200 unit multifamily property in Gulf Shores, Alabama, for $28,000. The company used those proceeds to pay off a $18,767 loan on that property and for general corporate purposes. The overall increase in net income was partially offset by a decrease in interest income, but it was helped in part by an increase in gain on real estate transactions for the quarter.

Interest income from mortgage notes receivable was a component of revenue, but reports indicate this stream saw a decrease for the three months ended September 30, 2025, compared to the prior year period. That reduction in interest income was one factor contributing to the decrease in net income attributable to the Company, which fell from $1.7 million in Q3 2024 to $0.7 million in Q3 2025.

Finance: draft 13-week cash view by Friday.