Current Report Filing (8-k)
August 30 2021 - 3:59PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities
Exchange Act
Date of Report (Date of earliest event reported): August 26,
2021
TRANSCONTINENTAL
REALTY INVESTORS, INC.
(Exact Name of Registrant as
Specified in its Charter)
|
Nevada
|
001-09240
|
94-6565852
|
|
(State or other
jurisdiction of incorporation)
|
(Commission
File No.)
|
(I.R.S. Employer
Identification No.)
|
|
|
|
|
|
|
|
|
1603 LBJ Freeway, Suite 800
Dallas, Texas
|
75234
|
|
(Address of principal executive offices)
|
(Zip Code)
|
|
|
|
|
|
Registrant’s telephone number, including area code 469-522-4200
(Former name or former
address, if changed since last report)
Check the appropriate box
below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the Registrant under any of the following
provisions:
|
|
[ ]
|
Written communications pursuant to Rule 425 under the Securities
Act (17 CFR 230.425)
|
|
|
[ ]
|
Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
|
|
|
[ ]
|
Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
|
|
|
[ ]
|
Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
|
|
Title of Each Class
|
Trading Symbol
|
Name of Each Exchange
on which Registered
|
|
Common Stock, par value $0.01
|
TCI
|
New York Stock Exchange
|
Indicate by check mark whether the Registrant is an emerging growth company as defined in Rule 405 of the Securities Act of
1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company [ ]
If an emerging growth company, indicate by check mark if the Registrant has elected not to use the
extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section
13(a) of the Exchange Act.
[ ]
Section 8 - Other Events
Item 8.01. Other Events
On August 26, 2021, Transcontinental Realty Investors, Inc. (the “Company” or “TCI”) and its wholly-owned subsidiary,
Southern Properties Capital Ltd. (“SPC”), completed the sale of 600 Las Colinas, a 512,173 square foot office building in
Irving, Texas, for $74.5 million, resulting in a gain of approximately $32.3 million. The Company used the proceeds from the sale to pay
off the $35.9 million mortgage note payable on the property and for general corporate purposes.
SPC has three series of nonconvertible
bonds that are traded on the Tel Aviv Stock Exchange (“TASE”) and is therefore subject to the filing and listing requirements
of the TASE, which includes, but is not limited to, issuing financial statements prepared in accordance with International Financial Reporting
Standards. On August 29, 2021, pursuant to the rules and regulations of the TASE, SPC disclosed the sale of 600 Las Colinas in an Immediate
Report, a copy of which has been translated into English and attached herein as Exhibit “99.3.”
Section 9 – Financial Statements and
Exhibits
Item 9.01. Financial Statements and Exhibits
(d) Exhibits.
The
following exhibit is furnished with this Report:
Exhibit
No. Description
_________________________
* Furnished herewith
SIGNATURES
Pursuant to the requirements
of the Securities Exchange Act of 1934, the Registrant has duly caused this Current Report on Form 8-K to be signed on its behalf
by the undersigned, hereunto duly authorized.
|
|
Dated: August 27, 2021
|
|
|
|
|
|
|
|
|
|
|
|
TRANSCONTINENTAL REALTY INVESTORS, INC.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
By:
|
/s/ Erik L. Johnson
|
|
|
|
|
Erik L. Johnson
|
|
|
|
|
Executive Vice President and
|
|
|
|
|
Chief Financial Officer
|
Transcontinental Realty ... (NYSE:TCI)
Historical Stock Chart
From Jan 2025 to Feb 2025
Transcontinental Realty ... (NYSE:TCI)
Historical Stock Chart
From Feb 2024 to Feb 2025
